RIA Archives - MODEVITY

Company Board Members’ Struggle to Grasp Cybersecurity Risks: A Risky Proposition for Businesses

September 18, 2023 by Thomas Canova

In today’s interconnected and technology-driven business ecosystem, cybersecurity is a paramount concern. As organizations continue to digitize their operations and data, the risk of cyberattacks looms large. While many businesses invest heavily in cybersecurity measures, a significant challenge persists—board members frequently struggle to understand cybersecurity risks. This knowledge gap poses a serious threat to businesses, … Read more

The Crucial Role of Continuous and Comprehensive Monitoring in Mitigating Risks from Third-Party Vendors

June 28, 2023June 26, 2023 by Thomas Canova

Vendor Risk Management has wide-ranging implications throughout an organization. The failure of a vendor to meet their obligations can have detrimental effects on a firm’s security, compliance, manufacturing processes, and customer support. While establishing a vendor’s baseline ‘risk’ profile is a fundamental step, continuous vendor monitoring for any changes becomes crucial for security, risk managers, … Read more

Organizations Need To Recognize Potential Risks with AI and Develop Strategy with Effective Plans

July 28, 2023June 14, 2023 by Thomas Canova

These risks associated with implementing AI systems must be acknowledged by organizations that want to use the technology ethically and with minimal risk as possible. Organizations in varied market segments have always had to manage risks associated with new technologies and solutions to support and expand their businesses. Certainly, they must do the same when … Read more

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