Compliance Risk Assessment What Is It & How To Conduct One A compliance risk assessment is a procedure that identifies the major inherent risks within a business line, factors in any processes and procedures that are practiced by the institution to control and/or mitigate those risks, resulting in a measurement of the residual risk the business line poses to the institution How To Conduct A Compliance Risk Assessment Whether UK, EU, MENA or South America Talk To Us Tel 0207 097 1434 or email Melissa: macairns@ complianceconsultant.org Contact Us Now Email: email@example.com Tel 0207 097 1434 www.complianceconsultant.org
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Regulators clearly expect that risk assessment is built into compliance programmes. Furthermore, regulatory expectations continue to skew towards increased metrics and statistical analysis. The process of assessing risk is integral to your compliance function, however, how can the process itself be leveraged to be more efficient and effective? In the face of increasing expectations, The Red Flag Group will explore in this webinar how to keep the compliance function well-grounded, plan a successful risk assessment and what factors to consider to maximise and power impact. Key takeaways include: • How to gain support for the risk assessment process • Where to find allies and leverage existing activities • Factors to consider in planning and executing risk assessments • How to manage the results and keep the process alive and ongoing To find out more about our products and services, please visit www.redflaggroup.com. If you have any enquiries, please contact firstname.lastname@example.org.
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For other Informa Webinars: http://www.informa-mea.com/webinars To download slides: http://www.slideshare.net/IIRME/webinar-integrating-governance-risk-management-and-compliance Business environments continue to grow in complexity, with increased dynamics in the economic environment, growth in globalisation and ever-increasing technological advancement. Stakeholders are also placing increased demands for more accountability in organisational governance systems on boards of directors. This webinar outlines how an integrated approach to managing GRC assists boards and management in obtaining a holistic view on how risk is managed and how decision-making is improved through meaningful integrated information. Join us on this webinar to improve your organisational effectiveness and performance through integrating governance, risk management and compliance. About the Presenter: Peter Hofmann is an Executive Director of MFX Options and Solutions (Pty) Ltd, specialising in business management and corporate strategic and operational management consulting. Peter has built a successful career over two decades, having focused on operational and executive management and board liaison. Peter’s field of expertise covers a wide range of specialisms including strategic business plans, processes, supply chain management, performance management, reporting and compliance within an organisational context and the assessment of risk management and compliance frameworks supporting integrated GRC structures within business entities.
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see http://starcomplianceservices.com HIPAA requires practices to have formal or informal policies or practices to conduct an accurate assessment of potential risks and vulnerabilities to the confidentiality, integrity, and availability of electronic protected health information. Unfortunately, many practices don’t understand how to conduct risk assessments and require assistance. When the Department of Health and Human Services Office of Civil Rights completed its HIPAA audits of 115 covered entities in 2012, it found that the lack of risk assessments was the most common finding. In addition to risk assessments being a HIPAA requirement, it is also a requirement for receiving meaningful use incentives. This document hopes to simplify the process and de-mystify the process. Step 1 Identify all systems that contain, process, or transmit ePHI. Step 2 Create a list of the practice’s business associates that creates, receives, maintains or transmits ePHI for a function or activity regulated under HIPAA. Step 3 Go through HIPAA’s Privacy, Security and Breach Notification implementation specifications and provide responses that demonstrate and document the practice’s level of compliance. If the practice needs a framework for this portion of the assessment, consider using the OCR HIPAA Audit Protocol as a template. Add additional columns for your practice’s responses, compliance ranking and remediation recommendations. Step 4 Develop a rating system for your practice’s level of compliance to the specification. For responses that are less than 100% compliant, develop a remediation for that finding. For specifications that are required but addressable, describe and provide documentation that demonstrates why your practice has chosen not to fully implement this specification and its rationale for doing so. Step 5 Conduct a vulnerability analysis on your practice’s system. Vulnerability analysis defines, identifies, and classifies security holes (vulnerabilities) in information systems and networks. These vulnerabilities include improper patch management software to address system security and functionality. Additionally, vulnerability analysis can predict the effectiveness of your practice’s proposed countermeasures and evaluate effectiveness once in place. Develop a remediation plan for addressing prioritized vulnerabilities and an ongoing durable process for identifying and remediating vulnerabilities. This service will probably require an external vendor with experience in this area. Step 6 Conduct a penetration test on your practice’s system. Penetration testing is an attack on a computer system with the intention of finding security weaknesses, potentially gaining access to it, its functionality and data. Penetration tests perform both network port/service identification and vulnerability scanning to identify hosts and services that may be targets for future penetration. Develop a remediation plan for addressing prioritized findings and an ongoing durable process for identifying and remediating the holes found from scanning. This service will probably require an external vendor with experience in this area. Step 7 Develop a risk assessment report based on the risk assessment. The report should outline your practice’s overall compliance posture and include a remediation strategy for addressing findings that do not completely satisfy the specification. Compliance levels should be divided into five levels, specifically zero, 25%, 50%, 75% and 100%. Stratify the level of compliance by standards. Step 8 Develop a durable process for conducting risk assessments. Develop a timeline for planning, executing and completing a risk assessment on an annual basis. Plan on conducting risk assessments on an annual basis, using an external vendor to conduct the risk assessment every third year. Step 9 Structure of the report. The report should be structured in the following manner: o An executive summary with a high level overview of the risk assessment findings. o A brief description of the organization, including a description of the organization’s activities. o The name of your organization’s current Privacy and Security Officer. o A map of the organization’s IT environment that maintains, transfers, receives or processes electronic personal health information. o A list of systems that maintain, transfer, receive or process electronic protected health information. o A list of HIPAA controls, the organization’s responses to the controls, whether the responses fully satisfied the controls, the level of compliance, and recommendations for remediation if applicable. Step 10 Develop a management action plan to remediate the findings identified in the risk assessment. The plan should include reasonable timelines for completing the remediation.
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Norbert Almeida understands risk management better than most. In this powerful, he stresses the importance of embracing new risk management approaches in today's modern, technology-driven environment. A Security Risk Manager focused on providing different solutions, introducing and using latest technology. Specialties: Security risk management, crisis management, business continuity planning & leading train the trainer programs in the field of security management. Current: Procter & Gamble, Dawn Group of Newspapers, American Business Council of Pakistan Previous: ASIS International, Telenor Pakistan, Consulate General of France in Karachi Pakistan This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at https://www.ted.com/tedx
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ISO 27001 / NIST Risk Management Software ISO/IEC 27001 is an extremely comprehensive set of standards that covers all types of commercial and governmental organizations. ISO 27001 specifies the requirements for establishing, implementing, operating, monitoring, reviewing, maintaining, and improving a documented information security management system within the context of overall business risks. SMART Risk Management Software also supports - National Institute of Standards and Technology - NIST - Special Publication 800-37, Guide for Applying the Risk Management Framework to Federal Information Systems, transforms the traditional Certification and Accreditation process into the 6 step Risk Management Framework (RMF). With SMART GRC Suite, customers can employ extensive use of the ISO 27001 or NIST risk assessment control model because it is a “superset” of standards and is most easily mapped into a growing list of regulations and other published and evolving standards. Some of the GRC domains of SMART Service Desk software solution supports are: Security policy management Asset management for Inventory and classification of information assets Supporting - Human resources security Security aspects for employees joining, moving, and leaving an organization Communications and operations management for Management of technical security controls in systems Information systems acquisition, development and maintenance Information security incident management software which anticipates and help in responding appropriately to information security breaches Business continuity management for Protecting, maintaining, and recovering business critical systems Compliance: Ensuring conformance with information security policies, standards, laws, and regulations
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The six phases of our compliance approach. Get your FREE Control Compliance analysis to find out if you have too many key controls in your SOX 404 plan. Also find out if you're updated to the new PCAOB internal control standards. Contact us today at: http://www.avivaspectrum.com/contact-us
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Learn more at PwC.com - http://pwc.to/1cbxJcD PwC's Dietmar Serbee discusses how to assess compliance risk differently.
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What is RISK MANAGEMENT PLAN? What does RISK MANAGEMENT PLAN mean? RISK MANAGEMENT PLAN meaning - RISK MANAGEMENT PLAN definition - RISK MANAGEMENT PLAN explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. SUBSCRIBE to our Google Earth flights channel - https://www.youtube.com/channel/UC6UuCPh7GrXznZi0Hz2YQnQ A risk management plan is a document that a project manager prepares to foresee risks, estimate impacts, and define responses to issues. It also contains a risk assessment matrix. A risk is "an uncertain event or condition that, if it occurs, has a positive or negative effect on a project's objectives." Risk is inherent with any project, and project managers should assess risks continually and develop plans to address them. The risk management plan contains an analysis of likely risks with both high and low impact, as well as mitigation strategies to help the project avoid being derailed should common problems arise. Risk management plans should be periodically reviewed by the project team to avoid having the analysis become stale and not reflective of actual potential project risks. Most critically, risk management plans include a risk strategy. Broadly, there are four potential strategies, with numerous variations. Projects may choose to: Avoid risk – Change plans to circumvent the problem; Control/Mitigate risk; – Reduces impact or likelihood (or both) through intermediate steps; Accept risk – Take the chance of negative impact (or auto-insurance), eventually budget the cost (e.g. via a contingency budget line); Transfer risk – Outsource risk (or a portion of the risk – Share risk) to third party or parties that can manage the outcome. This is done financially through insurance contracts or hedging transactions, or operationally through outsourcing an activity. (Mnemonic: SARA for Share Avoid Reduce Accept, or A-CAT for "Avoid, Control, Accept, or Transfer") Risk management plans often include matrices. The United States Department of Defense, as part on, uses risk management planning that may have a Risk Management Plan document for the specific project. The general intent of the RMP in this context is to define the scope of risks to be tracked and means of documenting reports. It is also desired that there would be an integrated relationship to other processes. An example of this would be explaining which developmental tests verify risks of the design type were minimized are stated as part of the test and evaluation master plan. A further example would be instructions from 5000.2D that for programs that are part of a system of systems the risk management strategy shall specifically address integration and interoperability as a risk area. The RMP specific process and templates shift over time (e.g. the disappearance of 2002 documents Defense Finance and Accounting Service / System Risk Management Plan, and the SPAWAR Risk Management Process).
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From the Boston accounting firm of Feeley & Driscoll As historic healthcare reform creates greater risks for healthcare organizations, a properly crafted internal risk assessment and audit plan can help organizations respond to risks before they become an issue. This webcast addresses the development of an annual risk assessment and audit plan that can be the basis for an organization’s risk management process. Presented by Paul Pavia, a Manager in the Healthcare & Human Services Group at the Boston accounting firm of Feeley & Driscoll, P.C. Please contact our Boston accounting and consulting firm with any questions at 888-875-9770 or on the web at www.fdcpa.com. IRS CIRCULAR 230 DISCLOSURE: To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein.
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This video is about Risk Assessment in the Information Security Industry. Presented by Jared Pfost of Caliber Security Partners. Learn more about Caliber Security Partners at www.calibersecurity.com.
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The GDPR extends the relevance of risk and requires organisations to take a risk-based approach to data protection. To achieve compliance, organisations will need to adjust and implement controls in line with the level of risk to the fundamental rights of data subjects. IT Governance will discuss: - An overview of the GDPR and risk assessments; - The process for risk management and industry best practice for risk treatment; - The costs and benefits of the controls implemented; - The components of an internal control system and privacy compliance frameworks; and - ISO 31000 principles and the risk management process.
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Learn more at https://kirkpatrickprice.com/video/what-is-risk-management/ Humans are constantly considering risk, even when we don’t realize it. Risk management is our response to the possibility of suffering harm or something going wrong…and things go wrong all the time! Car accidents, stolen wallets, unexpected bad weather, burnt dinners. The list could go on and on. We are programmed to manage risk. So how does risk management translate into a business? We believe that the success and operability of your organization depends on how well you manage your unique risks. Risk management is critical to your organization. Risk management is the process of identifying, assessing, mitigating, and controlling threats to an organization. These threats could stem from financial uncertainty, legal liabilities, management, accidents, or natural disasters. Because of the growing information security-related threats, companies’ risk management programs are under intense scrutiny from industry and governing bodies. Protecting digital assets like protected health information, cardholder data, personally identifiable information, intellectual property, or financial statements is a top priority. Risk management programs consist of performing risk analyses, conducting risk assessments, documenting policies and procedures, building an internal audit program, and creating an actionable risk management plan. All of these elements create a strategy for mitigating your organization’s unique risk. A risk analysis identifies the most likely threats to your organization and analyzes the vulnerabilities of the organization to those threats. This is a very factual process that includes asset characterization, threat identification, vulnerability identification, control analysis, likelihood determination, impact analysis, risk determination, control remediation, and results documentation. At the end of a risk analysis, you want to have a list of what critical assets you’re trying to protect, the risks your organization is facing, and what your organization is doing to limit vulnerabilities. A risk assessment is a systematic process for evaluating existing controls and assesses their adequacy against the potential operational, reputational, and compliance threats identified in a risk analysis. A risk assessment should include: conducting a risk assessment survey, identifying risks, assessing the importance and likelihood of risk, creating a risk management plan, and then implementing that plan. Your risk management plan means nothing if it isn’t documented in your policies and procedures. We strongly believe that if something’s not written down, it’s not happening. These policies and procedures should define how you mitigate identified risks, and then effectively communicated to all employees. According to the Institute of Internal Auditors, “the role of internal audit is to provide independent assurance that an organization’s risk management, governance, and internal control processes are operating effectively.” An internal audit is conducted objectively and designed to improve and mature an organization’s business practices. An internal audit program provides objective insight into an organization’s culture, policies, procedures, improves efficiency of operations, evaluates risk and protects assets, assesses controls, and ensures relevant regulatory compliance. Stay Connected Twitter: https://twitter.com/KPAudit LinkedIn: https://www.linkedin.com/company/kirkpatrickprice-llc Facebook: https://www.facebook.com/kirkpatrickprice/ More Free Resources Blog: https://kirkpatrickprice.com/blog/ Webinars: https://kirkpatrickprice.com/webinars/ Videos: https://kirkpatrickprice.com/video/ White Papers: https://kirkpatrickprice.com/white-papers/ About Us KirkpatrickPrice is a licensed CPA firm, PCI QSA, and a HITRUST CSF Assessor, registered with the PCAOB, providing assurance services to over 600 clients in more than 48 states, Canada, Asia, and Europe. The firm has over 12 years of experience in information security and compliance assurance by performing assessments, audits, and tests that strengthen information security and internal controls. KirkpatrickPrice most commonly provides advice on SOC 1, SOC 2, HIPAA, HITRUST CSF, PCI DSS, ISO 27001, FISMA, and CFPB frameworks. For more about KirkpatrickPrice: https://kirkpatrickprice.com/ Contact us today: 800-770-2701 https://kirkpatrickprice.com/contact/
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By: Impreva To verify compliance with SOX, auditors will look at multiple aspects of a database environment including: user management, authentication, separation of duties, access control, and audit trail. Watch this video to learn what is needed to demonstrate compliance with SOX. Category Science & Technology License Standard YouTube License
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Learn more at https://kirkpatrickprice.com/video/what-is-risk-assessment-five-steps-to-a-risk-assessment/ Most information security frameworks require a formally documented, annual risk assessment. You may be seeing this requirement over and over again in your pursuit of SOC 1, SOC 2, PCI DSS, HIPAA, or HITRUST CSF compliance. What is a risk assessment, what is the purpose of a risk assessment, and why is it so important to information security frameworks? A risk assessment is a methodology used to identify, assess, and prioritize organizational risk. Without a risk assessment, organization can be left unaware of where their critical assets live and what the risks to those assets are. From there, you can assess the likelihood and impact of those threats from actually happening and give yourself an opportunity to evaluate your current security controls to determine if what you’re doing will be an effective defense mechanism against a malicious attack. One way to look at a formal risk assessment process is your organization is now being proactive rather than reactive. If you have the opportunity to anticipate a potential security incident and address the potential adverse impacts, chances are you will be successful and save your business from any operational and reputational loss. In relation to a SOC 1 audit, the controls that you select to be tested and described in your SOC 1 report need to be based off of your risk assessment. You must determine what risks you’re facing in the achievement of your control objectives and then you must implement the controls in order to address that risk. A risk assessment is a systematic process of evaluating existing controls and assessing their adequacy against the potential operational, reputational, and compliance threats identified in a risk analysis. The risk assessment process must be a continual, monitored process to be effective. So, where do you begin? Conduct a risk assessment survey. Input from management and department heads is vital to the risk assessment process. This survey is an avenue to document specific risks or threats within a department. Then, identify risks. In an IT system, what are the risks to hardware, software, data, IT personnel? What are the potential adverse events, like fire, human error, bomb threats, or flooding? What’s the potential for a loss of integrity, availability, or confidentiality in your systems? Next, you will assess risk importance and risk likelihood – What is the likelihood of a specific event having a negative impact on an asset? This can be expressed subjectively or quantitively (High, Medium, Low or 1, 2, 3). You’ll also need to create a risk management action plan. Based on your analysis of which assets are valuable and which threats are likely to negatively affect those assets, you must develop control recommendations to either mitigate, transfer, accept, or avoid the risk. Now that you’ve completed the first four steps of a risk assessment, you’ve developed an effective way to identify and managed risk. Now, it’s time to train your team and implement these controls. Stay Connected Twitter: https://twitter.com/KPAudit LinkedIn: https://www.linkedin.com/company/kirkpatrickprice-llc Facebook: https://www.facebook.com/kirkpatrickprice/ More Free Resources Blog: https://kirkpatrickprice.com/blog/ Webinars: https://kirkpatrickprice.com/webinars/ Videos: https://kirkpatrickprice.com/video/ White Papers: https://kirkpatrickprice.com/white-papers/ About Us KirkpatrickPrice is a licensed CPA firm, PCI QSA, and a HITRUST CSF Assessor, registered with the PCAOB, providing assurance services to clients in more than 48 states, Canada, Asia, and Europe. The firm has over 13 years of experience in information security and compliance assurance by performing assessments, audits, and tests that strengthen information security and internal controls. KirkpatrickPrice most commonly provides advice on SOC 1, SOC 2, HIPAA, HITRUST CSF, PCI DSS, GDPR, ISO 27001, FISMA, and CFPB frameworks. For more about KirkpatrickPrice: https://kirkpatrickprice.com/ Contact us today: 800-770-2701 https://kirkpatrickprice.com/contact/
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Qualitative risk analysis, quantitative risk analysis, risk response planning... When exactly should you use a risk register? Watch this short project management training video from https://www.projectmanager.com/?utm_source=youtube.com&utm_medium=social&utm_campaign=WhatisaRiskRegisterandWhenToUseIt to learn more.
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EHA Soft Solutions Ltd. offers a game-changing solution to help you achieve your objectives. The mai™ EH&S suite offers a rich feature set to help you effective Measure, Analyze, and Improve your EH&S program. Our solution was designed by practitoners FOR practitioners and offers the best value on the market. There are modules for Safety and Environmental Risk Assessment, Incident Reporting and Root Cause Analysis, Audits and Inspections, Action Tracking (NC/CAPA), Occupational Health etc etc. This is an Introduction to mai™ Safety Risk Assessment, one of a number of module of the mai™ software suite. ´ We also have a free Health and Safety WIKI helpfile available at www.askaboutrisk.com/mediawiki to help you identify Hazards and Manage Risk Controls. The mai™ Software Suite is an essential tool in modern Health & Safety Management. Visit us on www.ehasoft.com for more info about mai™.
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Enterprise and Infrastructure Security About this course: This course introduces a series of advanced and current topics in cyber security, many of which are especially relevant in modern enterprise and infrastructure settings. The basics of enterprise compliance frameworks are provided with introduction to NIST and PCI. Hybrid cloud architectures are shown to provide an opportunity to fix many of the security weaknesses in modern perimeter local area networks. Emerging security issues in blockchain, blinding algorithms, Internet of Things (IoT), and critical infrastructure protection are also described for learners in the context of cyber risk. Mobile security and cloud security hyper-resilience approaches are also introduced. The course completes with some practical advice for learners on how to plan careers in cyber security. Module 1 Security Awareness, Compliance, Assessments, and Risk This module includes an introduction to many practical aspects of modern enterprise security including awareness, compliance, assessments, and risk management. Learning Objectives • Summarize the basics of social engineering and phishing attacks • Discuss techniques for creating effective security awareness programs • Explain governance, risk, and compliance (GRC) platforms • Analyze the NIST and PCI-DSS frameworks • Differentiate relative challenges of security and compliance To get certificate subscribe at: https://www.coursera.org/learn/intro-cyber-attacks/home/welcome https://www.coursera.org
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www.cdw.com/risk. Security risk assessment identifies and documents vulnerabilities in your environment and develops a remediation plan to eliminate those vulnerabilities. Security compliance establishes protocols to protect data confidentiality, prevent unauthorized access to information and comply with policies required by audits, regulatory acts and international standards. Security breaches related to the numerous regulations a company must adhere to have received a lot of press. While these regulations represent good security practices, they can seem overwhelming and unmanageable. The good news is that maintaining security compliance is not as complex as it may seem. Regulatory guidelines often provide a blueprint that can easily be incorporated into your existing security management policies. Hear from a CDW expert on the benefits of performing a security risk assessment.
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Jan Frederic Eger, Head of Financial Services Government & Regulatory Affairs @ Thomson Reuters, discusses the challenges of regulatory risk management for Financial Institutions at the 2018 Thomson Reuters Risk & Compliance Summit.
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Managing cybersecurity risk is becoming more about insider threats of mishandling data. Learn more at https://goo.gl/TYnhns. Find us online: Twitter: goo.gl/0vYo25 LinkedIn: goo.gl/UT8wlA Today, we're going to talk about cybersecurity and the risk management thereof, because this is one of the few areas where I suspect we are going to see - get this - actual progress from Washington this year. So first, let's look at actions taken or in motion by the new Trump administration. First, we have an executive order on cybersecurity for the federal government and that order preserves earlier language from the Obama administration directing federal agencies to use the NIST framework for cybersecurity to assess and manage their cybersecurity risks. NIST is the National Institute for Standards and Technology and really the lead federal agency for creating frameworks for cybersecurity. It has several frameworks of high quality and public pushing federal agencies in that direction is a good thing. Now, second is Congress also pushing legislation that would essentially codify the Trump administration's plans to use NIST as the go-to framework for cybersecurity. Now, this would still only apply to federal agencies, rather than private companies, but again, step in the right direction. Now shift gears to the Securities and Exchange Commission. Earlier this year, during his confirmation hearing, SEC chairman Jay Clayton hit all the tones that you'd expect to hear from a Republican nominee favoring lighter regulation - except for cybersecurity. Now publicly traded companies do already need to disclose their cybersecurity risks in SEC filings, but that guidance was updated, adopted in 2011 and it hasn't been terribly specific. Now Clayton wasn't too specific in his comments either. He only said, and I quote here, “I question whether that disclosure is where should be.” But still, this is a sign that Clayton, like almost everyone else involved in corporate governance, isn't comfortable with what corporate America is doing currently and what we should do in the future around this issue. So what should compliance officers be doing here? Okay. Two ideas. First, get acquainted with the NIST framework. It's publicly available with a ton of resources for the corporate community. For example, NIST includes explanations of how its framework maps to the cybersecurity standards enforced by federal banking regulators; also to how it might map to the HIPAA standard for personal privacy of health care information. Now NIST really should be your new best friend for assessing cybersecurity risk in implementing controls and policies to improve your situation. You, a compliance officer, you'll be able to work well with your IT security department and Lord knows the IT security department appreciates a compliance officer who can speak their language. Second, understand your role as a compliance officer for cybersecurity. And this is where things get a little tricky. Most compliance officers do play a role in disclosure of a data breach and all the compliance responses that happen after a breach happens. But according to various surveys I've seen over the years, a much smaller number of you play a role in managing cybersecurity risk before a breach happens. That split should alarm us all because we see more in more cybersecurity incidents caused by insiders mishandling data and insider threats most often result from lack of training, poor risk awareness, weak practices and handling or collecting data, and those things are not the same as an IT security officer worried about keeping outsider threats off of the network. Training for risk awareness on insider threats that is very much inside a compliance officer’s wheelhouse. So another prudent step here is to talk with your IT security officer and your HR manager and possibly others to ensure that the cybersecurity policies and training you have leave no gaps that could lead to what we would call an unwanted outcome sometime in the future. So we'll definitely hear more and we'll talk more about cybersecurity in 2017. We might even see actual legislative or regulatory action. Regardless, your board wants to know how the company is trying to stay ahead is risk and it's becoming more of a risk about people and practices than about hackers and software code. So ethics and compliance offices are going to have a lot to say about these conversations to come. Compliance Next is the world's first member-driven think tank for compliance experts. Give and get. That's the basic idea behind Compliance Next. You give to the community by adding your thoughts to discussions, sharing a policy you're proud of or submitting a blog post you wrote. And in return, you get a lot: access to how-to videos, regulatory updates, expert advice, interactive quizzes and an always-growing library of amazing tools like sample policies and stats you can use for board presentations.
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Compliance training is not only crucial to your company, but having great compliance training is what will ensure that your employees are going to act according to standards. If you'd like to learn more about how to make the most of your company's compliance training, please visit us at https:www.interactiveservices.com/interactive-compliance-training/ In this webinar with Gary Collins, Director, Compliance Management Division at BNP Paribas and Matt Plass, Chief Learning Officer at Interactive services, we discuss: 1. Regulating behavior - how do we get people to comply? 2. What makes great compliance learning? 3. Personal insights from BNP Paribas on culture of Compliance 4. How the role of compliance training is changing in 2016 Here's a brief bio of Gary Collins: Gary Collins has more than 20 years of compliance, regulatory and legal experience that has been balanced between the public and private sectors. His expertise as a lawyer and compliance professional are punctuated by service as a federal prosecutor, chief compliance officer and core compliance leader. Gary currently serves as the Director of Training and Policies, Procedures & Standards for the Americas region at BNP Paribas (based in New York). Gary previously served as a Managing Director & Core Compliance Leader (Training, Policies and Risk Assessment) at GE Capital in Norwalk. His service at GE also included a more than three year tenure as the Chief Compliance Officer of GE Energy Financial Services, a business unit within GE Capital. You can also connect with us on Social Media: Facebook - https://www.facebook.com/LearnIS/ Linkedin - https://www.linkedin.com/company/interactive-services Twitter - https://twitter.com/learn_IS
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As technology and the information age propels organizations forward at a faster and faster pace, it becomes even more imperative that they protect their confidential information, such as customer and internal confidential data, from the ever-increasing threats of being hacked. TraceCSO was developed to provide organizations the visibility into and accountability for their risk and compliance profile – making it simple to manage a secure environment that protects confidential information and meets regulatory requirements. The cornerstone to manage an organization’s risk is to perform an information security risk assessment. TraceCSO helps you accomplish this through a comprehensive risk assessment that enables your organization to best understand the threats that are specific to your data. Once those threats, and their associated risk, have been identified, your organization can determine how to best mitigate them through the implementation of controls. A control is anything in place to help mitigate risk and can be policy, process, technical or training in nature. Most organizations already have some controls implemented, but many more that are not. TraceCSO completes most of the work for you by pre-mapping common threats to standard controls – providing a baseline to customize to your organization’s environment. Once controls are identified and assessed, a mitigation plan is generated that provides your organization all the data points necessary to determine which remaining controls should be implemented. Typically, decisions to implement controls depend on their effectiveness and cost. TraceCSO helps make decisions easier by identifying ineffective or unnecessary controls and recommending more effective replacements – ultimately leading the organization to make better risk-based decisions and optimize its information security budget. Information gathered during the risk assessment populates all of the functional areas of TraceCSO and provides the infrastructure to manage implementation control through an integrated ticketing system. TraceCSO includes and integrates controls for training, policy, process, vulnerability and vendor management and doesn’t require any additional third-party software to do so. TraceCSO also provides guidance when implementing controls that are specific to your organization’s needs and are not already prebuilt and available within TraceCSO. Leveraging a database of hundreds of authorities and tens of thousands of global citations and regulations, TraceCSO makes your information risk and compliance profile more visible, more accessible, more manageable and more valuable than ever – so you can automate and ensure compliance in a rapidly changing market landscape. As organizations continue to manage their on-going information security program, results are communicated across your organization and throughout the system to allow an automated and seamless audit or compliance review process. Through the application of built-in best practices, TraceCSO places priority on your organization’s information security and leads your organization down a path of compliance by default. With TraceCSO as your Cloud Security Officer and TraceSecurity as your trusted partner, the power over information security and compliance is yours.
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For more information, visit https://intland.com/medical-device-development/ Risk management is of such vital importance in the development of medical devices that a separate standard was devised to ensure the adequacy of hazard reduction processes. ISO 14971, a standard titled Medical devices -- Application of risk management to medical devices aims to ensure that medical end products (devices) are as free of hazards as reasonably possible. It specifies a process for identifying, analyzing, and controlling (reducing or mitigating) all risks, and to monitor the effectiveness of your risk management lifecycle. Watch this webinar recording to learn more about the practicalities of managing risks in complex medical (embedded) software projects. This webinar recording covers the planning and execution of a comprehensive risk management lifecycle, from analysis through reduction to reporting and compliance.
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One cannot really say enough about risk assessments in the context of an anti-corruption programs. Since at least 1999, in the Metcalf & Eddy enforcement action, the DOJ has said that risk assessment which measure the likelihood and severity of possible FCPA violations the manner in which you should direct your resources to manage these risks. The 2012 FCPA Guidance stated it succinctly when it said, “Assessment of risk is fundamental to developing a strong compliance program, and is another factor DOJ and SEC evaluate when assessing a company’s compliance program.”
Просмотров: 6 FCPA Compliance and Ethics Review
The world of the Tax Manager has changed dramatically in the last 20 years yet some habits die hard, and in so doing exposing some organisations to unnecessary risk. Tony Katsigarakis, Commercial Director, Corporate Reporting Solutions - Wolters Kluwer takes us through what are these risks and what should you be looking for. Recorded at the Tax Institute NSW Tax Forum 2015.
Просмотров: 476 CCH Integrator
Automated Compliance Assessment and Reporting #Allgress "Compliance Assessment" Module #GRC Donna Johnson sets up an automated assessment project for #CIS controls (consisting of 28 questions). This is an overview of how the #Allgress "Compliance Assessment" operates, covering: 1. Adding a business unit/person's name; 2. Setting up the assessment; 3. How to log into Allgress Online to complete assessment tasks; and 4. Reporting and dashboard usage. NOTE: *Any compliance standard can be used (i.e.: PCI, HIPAA, NIST, CJIS, etc.). **Business unit/person's name can also be populated by importing a list. Allgress is a full featured GRC which reduces the time, cost and complexity to achieve compliance and become audit ready. The "Compliance Assessment" module is one of seven for absolutely everything you'd ever need to manage your risk and compliance. For more information contact: Louis Backover 215-551-1780 email@example.com Allgress, Inc. www.allgress.com
Просмотров: 669 Louis Backover
How do we deal with risk in Agile development? We call it Agile Risk Management. In traditional waterfall projects, we save testing for the very end of our project development plan. That leaves discovering any potential bugs or misalignment to the very end. That means we suddenly have a limited amount of time to get our entire project back on track. Learn more about dealing with the Risk Iceberg Problem--meaning the hidden work--through Agile planning and development practices with this video from David Hawks. You can also read about Agile planning and Agile Risk Management with our article: Don’t Lock in Tough Decisions Early (https://agilevelocity.com/agile/dont-lock-in-tough-decisions-early/) Follow Agile Velocity around the internet: Our Website: http://www.agilevelocity.com/ Our Agile Library: https://agilevelocity.com/library/ Twitter: https://twitter.com/agile_velocity Facebook: https://www.facebook.com/AgileVelocity/ LinkedIn: https://www.linkedin.com/company/agil... Instagram: https://www.instagram.com/agile_veloc…
Просмотров: 1111 Agile Velocity
Buy Revamp - https://sfmguru.in/revamp-ca-final-sfm-revision-book/ Revise the entire SFM in a day Subscribe to Channel for more videos: https://www.youtube.com/channel/UCiPzkqrzDsoq-pLrloT7Fcw/featured Types of Risk Faced by a Business Entity 1. Strategic Risk 2. Compliance Risk 3. Operational Risk 4. Financial Risk Strategic Risk is the exposure to loss resulting from a strategy that turns out to be defective or inappropriate. A possible source of loss that might arise from the pursuit of an unsuccessful business plan. For example, strategic risk might arise from making poor business decisions, from the substandard execution of decisions, from inadequate resource allocation, or from a failure to respond well to changes in the business environment. A successful business always needs a comprehensive and detailed business plan. Everyone knows that a successful business needs a comprehensive, well-thought-out business plan. But it’s also a fact of life that, if things changes, even the best-laid plans can become outdated if it cannot keep pace with the latest trends. This is what is called as strategic risk. So, strategic risk is a risk in which a company’s strategy becomes less effective and it struggles to achieve its goal. It could be due to technological changes, a new competitor entering the market, shifts in customer demand, increase in the costs of raw materials, or any number of other large-scale changes. Compliance Risk Compliance risk is exposure to legal penalties, financial forfeiture and material loss an organization faces when it fails to act in accordance with industry laws and regulations, internal policies or prescribed best practices. Many compliance regulations are enacted to ensure that organizations operate fairly and ethically. For that reason, compliance risk is also known as integrity risk. In many cases, businesses that fully intend to comply with the law still have compliance risks due to the possibility of management failures. The following are a few examples of compliance risks: 1. Environmental Risk 2. Workplace Health & Safety 3. Corrupt Practices 4. Social Responsibility Risk 5. Quality Risk 6. Process Risk Operational risks are the risks, a company undertakes when it attempts to operate within a given field or industry. Operational risk is the risk not inherent in financial, systematic or market-wide risk. It is the risk remaining after determining financing and systematic risk, and includes risks resulting from breakdowns in internal procedures, people and systems. Financial risk is the possibility that shareholders or other financial stakeholders will lose money when they invest in a company that has debt if the company's cash flow proves inadequate to meet its financial obligations. When a company uses debt financing, its creditors are repaid before shareholders if the company becomes insolvent. Financial risk also refers to the possibility of a corporation or government defaulting on its bonds, which would cause those bondholders to lose money. It is referred as the unexpected changes in financial conditions such as prices, exchange rate, Credit rating, and interest rate etc. Though political risk is not a financial risk in direct sense but same can be included as any unexpected political change in any foreign country may lead to country risk which may ultimately may result in financial loss.
Просмотров: 420 Nikhil Jobanputra
Lisette van der Hel from Dutch Tax Administration explains how CRM differs from the traditional approaches to managing tax compliance and how it is applied in the Netherlands.
Просмотров: 579 Center of Excellence in Finance (CEF)
Are you a risk and compliance professional? Get trained on the skills necessary to prepare a Risk and Controls Matrix. Risk and Control Matrices can be very useful in work performed for Compliance, Internal Audit and SOX404 assessment. In this webinar Barbara Gai will discuss the types of risks, types of internal controls, risk analysis methods and management's role in the risk and control process. Buy the complete training program at http://bit.ly/Compliance-SOX404 Looking for more similar training programs? Check out: 1. http://bit.ly/SOX-Anti-Fraud-Programs 2.http://bit.ly/SOX-Accounts-Payable 3. http://bit.ly/SOX-404-COSO-2013 4.http://bit.ly/SOX-COMPLIANCE-PAYABLE
Просмотров: 2357 OnlineCompliancePanel
Assessing compliance to internal and regulatory control requirements is mission critical! Non-compliance can lead to fines, disruption of operation, damage of company reputation, and significant financial liabilities. Although risk assessment methodologies have been around for quite a while, their prominence in the compliance field is a fairly recent phenomenon. The new view is that compliance risk management programs can no longer just be “adequate”. The expectation is that organizations commit the appropriate resources to risk management solutions and to establish and maintain a “strong” culture of compliance, ethics and risk management. Compliance risks come in all shapes and sizes and affect every facet of the business. This means that each department including finance, accounting. IT, legal, operations, business development, and marketing must be involved to properly identify all the potential compliance issues that may impact your company. The instructor will define a roadmap for the implementation of a compliance risk management program which includes the assessment of controls, analysis and reporting, and the management and remediation of identified gaps and issues. This webinar will address how a compliance risk management program can produce the following benefits within your company. Defines the compliance requirements for your company and assigns roles and responsibilities. Enables consistent compliance and control management across the enterprise. Supports the flow of information, ensures consistent assessments and testing process, and ensues that the remediation of issues. Streamlines compliance management, enabling business process owners to take direct responsibility for managing controls. Supports metrics, compliance dashboards, and accountability for ongoing risk assessment. Areas to be Covered: The instructor will provide insight in the following topics by presentation, case studies, and discussion. The Impact of Government Compliance Sanctions and Export Control Industry Specific Compliance Requirements Protecting Your Supply Chain Ensuring Supplier Compliance E-commerce and Payments Controls Ant-Money Laundering (AML) Know Your Customer (KYC) Anti-Corruption Controls Politically Exposed Persons (PEP) and the Foreign Corrupt Practices Act (FPCA) Third Party Transactions Your Compliance Risk Management Program Roadmap Other Risk Management Models Who will Benefit: A must attend webinar for below mentioned professionals in the fields of Manufacturing, Retail, Distribution, Financial Services, and Health Care. CFOs CIOs Controllers Compliance Officers Risk Management Professionals Internal Control Professionals Shared Services Executives
Просмотров: 29 Compliance Trainings
Risk management is an important part of planning for businesses, organizations, and communities. The process of risk management is designed to reduce or eliminate the risk of certain kinds of events happening or having an impact. At Aboriginal Insurance Services, our Risk Management team will work directly with you to help asses, plan, and manage the unique risks facing Indigenous companies, organizations, and communities. For more information, contact us today. Toll Free: 1-855-282-6991 http://www.aboriginalinsurance.com
Просмотров: 7373 ThinkAIS
Risk assessments are the primary component when planning, executing and delivering value in an internal audit. They are the building blocks of your internal audit activities and operational audit program. Sonia Luna CPA, CIA, CEO of Aviva Spectrum and Monica Raffety, CIA Senior Manager, Financial Controls at Kaiser Permanente will help you to: 1. Understand risk assessment tools available 2. Learn how and when to apply risk assessment techniques 3. Leverage different forms of quantitative and qualitative analysis techniques 4. Learn when to deviate from risk assessment templates with a memo or scoring 5. Understand what external auditors, management and the Board need to know when executing a risk assessment. 6. Understand how risk assessment impact the internal audit activities, from walkthroughs to testing To reserve your Control Compliance Analysis with Sonia Luna, please contact Aviva Spectrum at: firstname.lastname@example.org Please join the LinkedIn "COSO Implementation" Group to register for future FREE CPE webinars, templates and promotions: http://www.linkedin.com/groups/COSO-Implementation-4888186/about
Просмотров: 9684 Sonia Luna
Join Richard Steinberg and IBM's John Kelly for a Webcast focusing on the critical need for aligning culture and infrastructure for effective risk-management and compliance processes. The session will outline what drives positive or negative corporate culture and the associated impact on risk and compliance. Steinberg will review best practices and developmental pitfalls and discuss practical examples of why some major companies stumbled badly with painful results, while others have excelled with superior outcomes. John Kelly will discuss how IBM OpenPages GRC Platform helps organizations meet these requirements and promote a holistic approach to managing enterprise-wide governance, risk and compliance. For CPE credit opportunities, subscribe to Compliance Week for access to the On-Demand CPE Library: email email@example.com
Просмотров: 3525 Compliance Week
Mike Midgley of Swiss Re discusses how Enterprise Risk Management (ERM) is an essential strategic business discipline providing healthcare organizations with a approach to maximize value protection and creation by managing risk and uncertainty. In order to succeed in today's challenging environment, healthcare organizations need to be looking into the windshield instead of the rear view mirror. Join us to learn more about the fundamentals of ERM in healthcare, analyze a risk decision based on ERM principles and evaluate the benefits of operating under an ERM model. First Healthcare Compliance, LLC offers the most comprehensive cloud-based software solution to address the compliance program management needs of private practices, hospital networks, healthcare billing companies, and long-term care facilities. Our flexible, and scalable solutions allow organizations to share, track, and manage their compliance processes with ease, view compliance in real time across all locations, and have peace of mind that they are current in all federal healthcare regulatory areas. Administrators using the First Healthcare Compliance platform are able to share, track, and manage their compliance processes with ease, view compliance in real time across all locations, and have peace of mind that they are current in all areas. Visit our website to learn more: http://1sthcc.com SUBSCRIBE to our YouTube Channel: http://www.youtube.com/1stHCC Follow us on TWITTER: http://twitter.com/1sthcc Follow us on LINKEDIN: http://www.linkedin.com/company/2592500 Like us on FACEBOOK: https://www.facebook.com/firsthealthcarecompliance/ Follow us on GOOGLE+: https://plus.google.com/111167136096637747605
Просмотров: 1716 First Healthcare Compliance
As Covered Entities (CEs) ramp up their Vendor Risk Assessment programs the audit/security/ compliance requirements continue to grow. The panel discussion will focus on the key audit requirements that Covered Entities are asking for from their Business Associates; HIPAA Audit Reports, SOC 2 Audits, DR/BCP plan and testing validation, Incident Response Plan documentation, and Penetration testing reports. If you haven’t already been asked for these you soon will! Or if you are a CE and haven’t developed your Vendor Risk Assessment process find out what you need to be asking for. Please join us for a robust discussion on Vendor risk topics that affect everyone in the healthcare space. Michael Kanarellis, IT Assurance Senior Manager, Wolf & Company, PC Secure Data Sharing, Device Management & Secure Remote Access Paul Dzierwinski, Sales Engineer, Citrix
Просмотров: 274 NE HIMSS
http://www.gocanvas.com/mobile-forms-apps/5155-Quarries-and-Mines-Compliance-Risk-Management-Planning-Australia- The Quarries and Mines Compliance: Risk Management Planning (Australia) mobile app is designed to assist mines and quarries in meeting occupational health and safety requirements. It is ideal to use prior to formal inspections and audits. The checklist includes area specific audit criteria as well as a place to record notes and actions taken. It covers the following areas: Risk management arrangements, Hazard identification procedures, Risk assessment methods, Selection of risk control measures, Review of risk assessments and control measures, Change management and Documentation of risk assessments and controls. It is essential to refer to current legislation, rather than exclusively relying on information acquired from this compliance app. Read each question carefully and decide if it applies to your mine or quarry. Items that do not apply can easily be deleted from this mobile app. You can also add items that you feel need special consideration.
Просмотров: 42 GoCanvas Videos
Compliance with Ontario LTC Homes Act - a risk-based approach Proposed strategy is the well-known PDSA, Plan, Do, Study, Act, sometimes called Plan, Do, Check, Act. The underlying principles and assumptions for this proposed action plan are to take a risk-based approach in dealing with potential findings of non-compliance: 1st, non-compliance that could result in harm to residents; 2nd, non-compliance that would likely result in high dissatisfaction on the part of residents; 3rd, non-compliance that could result in orders from the inspector due to repeated infractions. Plan: Formulate for approval 1. Compose compliance task team 2. Identify any potential, avoidable critical incidents 3. Identify potential, likely complaints 4. Retrospective review: repeat findings 5. Identify gaps with QIP 6. Cost-Benefit Analysis: action vs. no-action Do: Pilot Preventive Actions 7. Prospective Root Cause Analysis (Critical Incidents - Step 2) 8. Perform FMEA 9. Review existing mitigations 10. Prospective Root Cause Analysis (Complaints - Step 3) 11. Prospective Root Cause Analysis (Findings - Step 4) 12. Look for ‘Quick Wins’ Study: Measure and Monitor · Overlaps with Do phase · Begins with first implementation · How measure for effectiveness and impact? · Report results Act: Refine and Implement · Minimize negative impact · Improve effectiveness and efficiency · Cycle back; Incorporate into QIP
Просмотров: 190 tcmc Quality Management Services
This Risk Management Concepts, Risk Analysis and Assessment training video is part of the CISSP FREE training course from Skillset.com (https://www.skillset.com/certifications/cissp). Skillset helps you pass your certification exam. Faster. Guaranteed. https://www.skillset.com Topic: Authentication & Identity Skill: Risk Management Concepts Skillset: Security and Risk Management Certification: CISSP Join the 40,000+ candidates in over 58 countries that have found a faster, better way to pass their certification exam. + Unlimited access to thousands of practice questions + Exam readiness score + Smart reinforcement + Focused training ensures 100% exam readiness + Personalized learning plan + Align exam engine to your current baseline knowledge + Eliminate wasted study time + Exam pass guarantee And much more - https://www.skillset.com
Просмотров: 8498 Skillset
This is a presentation of the Compliance Risk Analyzer product, including the why and how behind its development. CRA is the only expert system risk-based audit application that uses true predictive analytics to create a customized audit action plan
Просмотров: 168 Frank Cohen
Industry Experience Session (Case Study) Integrating and Standardising Internal Audit and Risk Assessment - Aurore MARIE, Head of Internal Audit Tools, Société Générale - Cedric Merahi, Risk Management Specialist, MetricStream The challenges of silos in Governance, Risk and Compliance functions, processes and systems are familiar to most major companies: duplication of efforts, inefficient use of resources and loss of valuable information to name just a few. The ideal world for Governance, Risk and Compliance is similarly familiar: a strong foundation based on common definitions and methods, shared services and technology, with integrated risk and control activities and clearly assigned roles and responsibilities. GRC Journey is MetricStream's vision for the future, representing our desire to help organizations build compliant, well-governed, risk-aware cultures, and to ultimately enable individuals, businesses, societies, and governments to thrive on risk. The MetricStream GRC Summit 2014 brought together thought leaders, analysts, partners, and customers who are leading the way in GRC.
Просмотров: 2606 MetricStream
Learn more about SolarWinds Federal Program here: http://bit.ly/FedRMFWebcast . Learn how to use SolarWinds products to improve your agency’s Risk Management Framework (RMF), NIST 800-53 controls, FISMA, and DISA STIGS compliance. SolarWinds can help you implement, assess, and monitor your security controls. SolarWinds Federal Sales Engineers review security controls where SolarWinds tools provide support, and demonstrate how to utilize product features to meet your compliance needs. The video also covers Access Controls, Audit and Accountability, and Configuration Management controls, as well as Incident Response, System Maintenance, Media Protection, and other controls. Learn how SolarWinds tools can help you: Satisfy controls or help implement and manage controls using Network Configuration Manager (NCM), and Patch Manager Make sure controls have been implemented correctly using NCM, and Log & Event Manager (LEM), our powerful SIEM Monitor that controls are working as expected using LEM, Network Performance Monitor, and NCM Quickly and easily produce out-of-the-box compliance reports for DISA STIGS, FISMA, and more Connect with SolarWinds: thwack Community: http://thwack.solarwinds.com/ Facebook: https://www.facebook.com/SolarWinds Twitter: https://twitter.com/solarwinds LinkedIn: http://www.linkedin.com/company/solarwinds Instagram: http://instagram.com/solarwindsinc/ Flickr: http://www.flickr.com/photos/solarwinds_inc/
Просмотров: 3571 solarwindsinc