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Your customer may ask you to meet a specific SLA in the event of a data breach so that they can activate their incident management processes . Your customer may be subject to third-party outsourcing requirements by their own regulators , like the European Banking Authority’s Outsourcing Requirements , and they may ask to sign an addendum
Insurance Contact Information. Crisis Management Levels. You’ll certainly want to include contact information for the following: Facility Management Provider/Building Owner. Local Emergency Management Office Numbers – EOC. If you have a key contact or accountmanager there, you can even include, ask for Betty or Steve.
In tightly regulated industries like banking, Compliance Alert notes: “Chief Compliance Officers (CCOs) increasingly face personal liability for corporate wrongdoing and regulatory violations as a change of guidelines and a string of federal enforcement actions have transformed the environment in which CCOs operate.
The DORA is an expansion of the groundbreaking operational resilience requirements first set forth by the Bank of England , FCA, and PRA. For more information, contact your AccountManager or check out Fusion’s recent webinar on technology and data resiliency.
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