The Vital Imperative: Why Businesses Must Undertake Risk Assessments
Enterprises today operate in a complex environment influenced by various internal and external factors. From economic shifts and technological disruptions to regulatory changes and unforeseen events like the recent global pandemic, these factors can significantly impact a business’s operations, profitability, and even its very existence. It is precisely for these reasons that undertaking a comprehensive […]
5 Ways Financial Institutions Can Minimize Risk
The current risk environment for financial institutions is complex and constantly evolving. Large financial institutions must navigate these risks while also addressing ongoing challenges. Below we’ve summarized five crucial areas your organization should look at to minimize risk now and in the future. The Risk and Controls group at Clark Schaefer Consulting are your guides […]
Suspicious activity: Are you seeing the big picture?
Monitoring customer transactions for suspicious activity — and filing Suspicious Activity Reports (SARs) when appropriate — is a key component of a financial institution’s Bank Secrecy Act / Anti-Money Laundering (BSA/AML) program. Unfortunately, many banks make the mistake of focusing their efforts on deposit accounts and paying less attention to other products and services, particularly […]
Disbursements: Internal Controls in a Remote Environment
As tasks and routines are increasingly being completed remotely due to the COVID-19 emergency, there are some individuals looking to take advantage of the situation. One of the more common fraud schemes to emerge over the past two years, and one that will no doubt increase during this pandemic, is attempted fraud on ACH debits […]
Covid-19: Business Assessment Checklist
From your workforce to your customers to your shareholders, you have a lot of considerations right now. CSH has put together a detailed checklist to help you evaluate your Workforce, Customer, Shareholder-Creditor and Community readiness to handle the current crisis and its aftermath. Download our checklist and start assessing your preparedness.
Top 5 Reasons to Use Cloud-based Data Backup
Data loss often happens when you least expect it. Human error, malicious actors and even natural disasters can wipe out – or hijack – your company’s data at any time. Recent studies show that a staggering 93% of organizations that lose data because of a disaster go out of business within two years. Still, many […]
Emerging trends in third-party risk management
Please note: CPE is only available for live events. It is not available for webinars on-demand. During our last webinar on third-party risk management (A Look at Data Safety and Third-Party Technology Risk Management), we looked at risk management from a data security perspective, and we explored various assessment approaches, current challenges, and potential solutions […]
Cybersecurity for Retailers
Retailers are prime targets for cyberattacks. Is your retail company doing all it can to protect its systems and customer data? The first line of defense against cyberthreats is knowing what kind of threats and vulnerabilities exist so that you can develop a plan to mitigate them. In this recorded webinar, Clark Schaefer Consulting’s Carly […]
Using insurance to manage your nonprofit’s risk
Insurance is the cornerstone of any not-for-profit’s comprehensive risk management plan. It can’t protect your organization from every contingency, but it’s critical to protecting the people, property, funds and support you depend on. Must-have policies Many kinds of insurance coverage are available, but it’s unlikely your organization needs all of them. One type you do […]
A Look at Data Safety and Third-Party Technology Risk Management
Please note: CPE is not available for webinars on-demand. CPE is available only for live events. Presented by: Carly Devlin and Stephen Chasser As organizations are increasingly relying on third-parties for various business processes and services, it’s important, from an information security and regulatory perspective, to understand how the organization’s data is being handled by […]