Content Delivery Network (CDN) Security: What are the risks?
GRF Cybersecurity Risk Assessment and Scorecard Blog Series Organizations use their online presence to attract donors, members, and clients from around the globe – often using videos, pictures, and interactive resources to engage these visitors. It is essential for web pages and content to load quickly because delays in load time could mean the…
Patch Management: Eliminating Vulnerabilities
GRF Cybersecurity Risk Assessment and Scorecard Blog Series The threat of cyberattacks is frightening, persistent, and can affect any organization, big or small. One way to mitigate this risk is to be sure your computer software and operating systems are up to date. Software vendors regularly release system updates, or “patches,” which are designed…
Getting Started with Enterprise Risk Management, A Guide for Nonprofits
The events of 2020 and 2021 have heightened awareness of the need for more and better risk management in the nonprofit sector. Enterprise risk management (ERM) is a long-term investment that improves an organization’s financial strength, operational efficiency, program effectiveness, and resilience during uncertain times. Sponsored by GRF CPAs & Advisors, Getting Started with Enterprise…
Internal Audits Reduce the Risk Associated with Global Operations
International organizations tend to have inconsistent policies and procedures across offices in different countries. This is often necessary to operate effectively and maintain local compliance, but it does represent organizational risks. This case study describes how one international nonprofit conducted an internal audit that effectively addressed the risks and processes that were unique and critical…
Part of the “New Normal” is More Fraud
According to “The Next Normal: Preparing for a Post-Pandemic Fraud Landscape,” released by the Association of Certified Fraud Examiners (ACFE) in September 2020, half of U.S. companies uncovered more fraud after the COVID-19 pandemic began than before. So if you’re just now fully reopening your business or welcoming employees back in person, know that you…
Preventing Fraud Must Still Be a Top Priority During Challenging Times
By Lindsay Dean, CPA, Senior Manager, Audit Like their for-profit counterparts, nonprofits were not spared the complex financial and operational challenges presented by the global COVID-19 pandemic. Many have cut back on programming, reduced staff or been forced to rely on reserves to survive. At the same time, a transition to virtual work has resulted…
ERM Case Study: Bridges to Prosperity
The Bridges to Prosperity Board of Directors recognized that the rapid expansion of its operations would expose the organization to previously unconsidered risks. It encouraged the management team to develop a robust plan to ensure that the organization could identify, manage, and respond to the risks associated with its new strategy effectively and promptly.