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Risk Assessment: From Burden to Benefit
Risk assessments. Tedious, compulsory, and painful. Just some of the words used to describe a process that is critical to your institution’s cybersecurity and compliance efforts. Yes, the risk assessment process can be daunting, but mostly because of an outdated perspective that disconnects it from the ever-evolving changes in risk and compliance. Some credit unions look at risk assessment as a 'check the box' task instead of a valuable exercise that significantly enhances the completeness of their security program and ability to satisfy regulatory requirements.
