LogisManager

FEBRUARY 10, 2022

What Is Reputational Risk For Banks. In the banking industry, managing reputational risk is a complex and ongoing discipline. Just like any business, banks face a myriad of risks. What is Reputational Risk Management in Banks? Risk management is an essential piece of any bank’s operations.

Banking 52

Banking Risk Management Strategic Evaluation 52

Zerto

MAY 24, 2023

Using early detection to protect your IT infrastructure against ransomware is much like guarding a bank vault. At a bank, there are security guards who periodically patrol the area as well as security cameras, which are periodically viewed to monitor any suspicious activity.

Banking 108

Banking Alert Cyber Resilience Activation 108

LogisManager

OCTOBER 31, 2023

The proposed standards emphasize a stronger corporate governance and include an over-arching requirement for these banks to adopt the Three Lines Model. This includes business units, departments, and individuals directly responsible for managing and executing processes and activities that generate risk.

Risk Management 105

Risk Management Audit Management Banking 105

PagerDuty

FEBRUARY 13, 2025

Overstaffing to compensate : Many NOCS attempt to mitigate the impact of turnover by overstaffing, which inflates labor costs without addressing the root problem. Example: Financial Services Banks and financial institutions face strict regulatory requirements for uptime.

Outage 71

Outage Manufacturing Disaster Recovery Resilience 71

Pure Storage

JANUARY 11, 2024

Industry regulators have taken notice and are making resilience a centerpiece of their activities. The action came after the Financial Conduct Authority (FCA) along with the Bank of England (BoE) and the Prudential Regulation Authority (PRA) issued their operational resilience policy in March 2021.

Resilience 117

Resilience Financial Services Banking Cybersecurity 117

LogisManager

AUGUST 1, 2023

Protection of Member Data Align with industry standards and best practices Proactive Risk Management Maintain Strong Reputation and Trust Continuous Improvement We highly encourage your credit union's active participation in the ISE 2023, as it can bolster your security defense and enhance overall resilience against cyber threats.

Risk Management 96

Risk Management Banking Mitigation Activation 96

LogisManager

JANUARY 14, 2025

Risks Associated With Business Task Automation and How to Mitigate Them Last Updated: January 14, 2025 If your business is investing in task automation, you’ll benefit from increased efficiency and reduced manual tasks. For example, financial institutions like banks must protect their customer data or they face fines.

Mitigation 52

Mitigation Risk Management Audit Backup 52

Pure Storage

JULY 9, 2024

Among the prime customers to use the Managed Container Services platform was a large German bank with outdated infrastructure, including a legacy Red Hat OpenShift container platform that was nearing the end of its support lifecycle. DXC Technology’s platform provided a much-needed upgrade with optimal performance and security for the bank.

Technology 69

Technology Banking Disaster Recovery Failover 69

Security Industry Association

JUNE 29, 2023

Nonetheless, our preeminent distinguishing factor is the active priority of intelligence requirements (PIR) methodology that sets us apart from our competitors. Our active PIR approach governs that every newly acquired intelligence for a project or a client must contribute to the primary intelligence collection plan.

Logistics 98

Logistics Security Mitigation Travel 98

Solutions Review

AUGUST 17, 2023

Email Security Requirements Email is a leading cause of data breaches, but it is also a necessary tool for businesses to function and for people to access banking, public services, and healthcare. As cyber threats and resulting data breach risks evolve, organizations must prove how they are mitigating these.

Disaster Recovery 98

Disaster Recovery Banking Technology Healthcare 98

LogisManager

OCTOBER 31, 2023

The proposed standards emphasize a stronger corporate governance and include an over-arching requirement for these banks to adopt the Three Lines Model. This includes business units, departments, and individuals directly responsible for managing and executing processes and activities that generate risk.

Risk Management 52

Risk Management Management Audit Banking 52

Reciprocity

OCTOBER 8, 2024

Multiple checks and balances deter employees from fudging financial information and indulging in fraudulent activities and accounting behaviors. Control activities to address the risks that have been identified. For example, record-keeping, authorization, and review activities should be divided among different employees.

Audit 52

Audit Banking Authorization Activation 52

Reciprocity

OCTOBER 8, 2024

Multiple checks and balances deter employees from fudging financial information and indulging in fraudulent activities and accounting behaviors. Control activities to address the risks that have been identified. For example, record-keeping, authorization, and review activities should be divided among different employees.

Audit 52

Audit Banking Authorization Activation 52

Pure Storage

AUGUST 3, 2023

Threat modeling is an essential tool for developers and security professionals to identify and mitigate potential security risks in software systems proactively. Attack Method STRIDE Category Design Hardening Steps Mitigating Controls Credential Stuffing Spoofing Implement multi-factor authentication.

Authentication 87

Authentication Vulnerability Authorization Audit 87

LogisManager

AUGUST 1, 2023

Protection of Member Data Align with industry standards and best practices Proactive Risk Management Maintain Strong Reputation and Trust Continuous Improvement We highly encourage your credit union's active participation in the ISE 2023, as it can bolster your security defense and enhance overall resilience against cyber threats.

Risk Management 52

Risk Management Banking Mitigation Activation 52

MHA Consulting

JULY 27, 2023

Organizations now have to contend with a heightened risk of drought, flooding, heat waves, wildfires, hurricanes, political unrest, global conflict, cyberattack, power outages, active shooters, supply chain disruptions, pandemic, social-media impacts, and all the rest.

BCM 98

BCM Business Continuity Outage Internet 98

Risk Management Monitor

MARCH 4, 2022

Cyberrisk has also drawn considerable concern and the threat landscape continues to evolve rapidly, though the details of increased cyberattack activity are not yet fully known and may be largely unfolding below the surface right now. Check it out here: [link].

Management 56

Management Malware Cybersecurity Insurance 56

Solutions Review

SEPTEMBER 9, 2021

Additionally, users can utilize continuous control monitoring and self-assessments to report on their risk posture and activity in near real-time. Users can also connect their risks to mitigating controls to show how their organization treats its threats. Platform: Onspring Enterprise Risk Management.

Risk Management 98

Risk Management Management Audit Hospitality 98

Reciprocity

MARCH 24, 2022

So what can your organization do to minimize the possibility of fraud and mitigate its potential harm? Internal fraudsters might engage in fraudulent activity for years by taking advantage of their “trusted insider” status. Internal auditors can also search for fraud and mitigate potential damages.

Audit 52

Audit Banking Activation Authorization 52

LogisManager

MAY 22, 2023

In this blog, we will explore three ways to prepare for the future: engaging your Risk Committee and Board of Directors with the Risk Maturity Model, using risk management to anticipate and mitigate potential risks, and optimizing vendor spending while enhancing your security.

Risk Management 52

Risk Management Banking Evaluation Benchmark 52

LogisManager

MAY 22, 2023

In this blog, we will explore three ways to prepare for the future: engaging your Risk Committee and Board of Directors with the Risk Maturity Model, using risk management to anticipate and mitigate potential risks, and optimizing vendor spending while enhancing your security.

Risk Management 52

Risk Management Banking Evaluation Benchmark 52

Plan B Consulting

MAY 8, 2015

A similar thought struck me when dealing with datacentre clients: how would I do a threat analysis on a massive data centre over 3-4 hours when the banks will employ specialist electrical and chillier engineers to carry out an in-depth risk assessment taking several weeks? Here are a few ways I believe we can provide benefit and add value: 1.

Manufacturing 52

Manufacturing Business Continuity Outsourcing Consulting 52

Plan B Consulting

MAY 8, 2015

A similar thought struck me when dealing with datacentre clients: how would I do a threat analysis on a massive data centre over 3-4 hours when the banks will employ specialist electrical and chillier engineers to carry out an in-depth risk assessment taking several weeks? Here are a few ways I believe we can provide benefit and add value: 1.

Manufacturing 52

Manufacturing Business Continuity Outsourcing Consulting 52

FS-ISAC

JUNE 30, 2022

Specified goals vary by jurisdiction, but the main aims are to be able to leverage public sector resources in mitigation and attribution, as well as to encourage more robust operational resiliency. Several trade associations – including Bank Policy Institute, U.S. The directive has resulted in some pushback.

Response Plan 52

Response Plan All-Hazards Hazard Mitigation 52

Reciprocity

AUGUST 15, 2022

In banking, for example, the FDIC, the Office of the Comptroller of the Currency (OCC), or the Consumer Financial Protection Bureau (CFPB) are stringent regulators that can impose high fines for compliance issues. In June 2020, the OCC warned banks about compliance risks related to the COVID-19 pandemic. FDIC), a primary U.S.

Management 52

Management Audit Banking Media 52

Plan B Consulting

MARCH 15, 2019

One of the delegates worked for a bank, and her company was strongly embracing resilience by having multiple disciplines coming together, working under the same manager, a Head of Resilience. Often where the banks go, others follow, especially when it comes to business continuity. Loss of IT has gone full circle.

Banking 40

Banking Business Continuity Activation Resilience 40

Plan B Consulting

MARCH 15, 2019

One of the delegates worked for a bank, and her company was strongly embracing resilience by having multiple disciplines coming together, working under the same manager, a Head of Resilience. Often where the banks go, others follow, especially when it comes to business continuity. Loss of IT has gone full circle.

Banking 40

Banking Business Continuity Activation Resilience 40

FS-ISAC

JUNE 30, 2022

Smaller banks and credit unions often face the same threats as larger financial institutions with much larger security teams, but may only have teams of one or two people on their security teams. It’s not the flashiest or most exciting activity, but it can be one of the most important.

Vulnerability 52

Vulnerability Cybersecurity Malware Financial Services 52

MHA Consulting

MAY 25, 2023

A parallel potential exists in other activities that rely on AI, whether it’s analyzing x-rays, performing air traffic control, or scanning for bank fraud. As the AI landscape evolves, continued awareness and adaptation will be essential to mitigate its risks.

Risk Management 52

Risk Management Disaster Recovery Mitigation Consulting 52

Online Computers

AUGUST 7, 2023

Before banking on a digital transformation journey with AI, ask yourself these questions: What are the pain points of the business? It's therefore essential that you can actively address and mitigate such biases to ensure fairness and inclusivity in AI-driven processes, especially when making decisions that impact individuals or communities.

eCommerce 52

eCommerce Cybersecurity Banking Capacity 52

Fusion Risk Management

NOVEMBER 27, 2023

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 panel agreed that regulators are taking a more prescriptive approach to TPRM across the globe.

Resilience 52

Resilience Risk Management Financial Services Business Continuity 52

everbridge

AUGUST 29, 2023

With a mass notification system in place, organizations can have multiple emergency action plans ready for review and activation should a critical event occur. Take Santander as an example, the 16 th largest banking institution in the world, which has over 400 branches across the Eastern U.S.

Management 52

Management Alert Communications Activation 52

Pure Storage

JUNE 16, 2022

They took a strategic approach to the migration, starting with arrays that took up the most space and caused the most maintenance issues to help the bank achieve immediate benefits and successfully complete the project. Individual project goals are stated in narrow technical terms and are achieved based on completion of a specified activity.

Management 52

Management Architecture Banking Strategic 52

Fusion Risk Management

MAY 12, 2022

So, how might the new operational resilience methodologies and requirements help us to mitigate future harm? Over the past year and more, we saw financial firms implementing operational resilience programs to comply with the Bank of England, PRA, and FCA regulations. Pinpointing the Moment of Impact.

Failover 52

Failover Resilience Crisis Management Mitigation 52

Fusion Risk Management

SEPTEMBER 12, 2022

Many of our own customers have said that having a “tone at the top” from leadership is critical to get their business team’s buy-in, as no one really wants to take a time out to work on their continuity plans or risk mitigation strategy.

Resilience 52

Resilience Insurance Insurance Outsourcing 52

Erwood Group

JANUARY 28, 2024

Tailoring business continuity plans to the scale and needs of small businesses ensures effective preparedness without breaking the bank. These programs include regular reviews, updates, and exercises which are critical for improvement and performance when plans are activated.

Business Continuity 52

Business Continuity Disaster Recovery Continuity Planning Crisis Management 52

Security Industry Association

APRIL 7, 2022

Various systems and solutions can be implemented to mitigate risk and manage some of the challenges that health care facilities face. Susceptible areas such as blood banks and pharmaceutical storage also require controlled access. Otherwise, the health care facility might open itself up to liability. 7 Health Care Security Essentials.

Hospitality 52

Hospitality Security Technology Alert 52