This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Operational resilience has been top of mind for regulators and financialservices firms for the past few years. The old way of managing risk and resilience programs is no longer effective or efficient, and regulators have taken note. The DORA centers around five principles that can lead to operational resilience.
They also emphasize the need for organizations to strengthen their business continuity (BC) and operational resilience programs as well as prioritize agility to mitigate emerging threats and ensure compliance with global regulatory mandates. The EU followed with the Digital Operational Resilience Act (DORA).
I visited many organizations throughout 2022 and observed varying maturity levels in programs on their journey to addressing regulatory and policy requirements related to Operational Resilience. In 2023, we will continue to see more non-financialservices companies adopt operational resilience concepts and frameworks.
For those of us in the resilience field, it was a common goal after disruption not to return to normal, but rather to a ‘new normal’: one where we had learnt from our mistakes and built a more robust operating model, possibly in a new direction of business. . The Return of the Resilience Industry.
There are even emerging regulatory requirements on the horizon such as the Digital Operational Resilience Act (DORA) that will extend regulatory reach to some technology and data service providers. Investing in Risk and Resiliency is the Right Thing to Do. Or, as so well articulated by the great British writer C.
Third – party risk management (TPRM) continues to be a focus area for both regulated and non-regulated entities alike in the operational resilience landscape. The Old Model of Third-party Risk Management. Are you leading your firm’s resilience and operational risk (including vendor risk management) initiative s? .
Operational resilience is not just another buzzword. Resilience enables agility when confronted by the chaos of our present world , and it protects against the disruption of critical customer – facing operations. An Emerging Operational Resilience Standard for Data and Technology. Defining a Critical ICT.
Building resilience means looking to your North Star to anticipate, prevent, plan for, respond to, and learn from such unprecedented disruptions. As technology evolves, manufacturers need to ensure that their cyber resilience programs are adapting, evolving, and maturing while their investment in cyber resilience follows suit.
We organize all of the trending information in your field so you don't have to. Join 25,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content