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Product’s Perspective: True Risk: Why External Vendor Ratings are Only Half the Picture

LogisManager

From the perspective of our Product team, the challenges of risk and compliance professionals are at the forefront. This collaborative group of developers, designers, lawyers and risk managers uses those insights, along with rigorous R&D, to inform the way LogicManager works. Bonus Material: Free Risk Assessment Template.

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Preparation Continues for the Digital Operational Resilience Act

Fusion Risk Management

Increasingly, financial services supervisory authorities are seeking to ensure that the third parties that are supporting a firm’s important business services meet all resilience requirements. Risk Management. To meet the DORA’s standards, firms must update their technology risk management governance.

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The Balancing Act of Efficiency and Resilience: How to Connect with Executives and Key Stakeholders

Castellan

Now is the time to make a formal shift away from looking at terms such as business continuity, risk management, and operational resilience as just catch-phrases shared once a year in board packets or when an audit comes around. See How Boards are Prioritizing Resilience. DOWNLOAD REPORT. The Balancing Act.

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TSPs: Making the Case to Invest in Risk and Resiliency

Fusion Risk Management

Technology and data service providers (TSPs) have become critical contributors in the successful operations of every organization. Think about it: if your technology or data warehouse were to fail, could you continue running your most critical business services? Or, as so well articulated by the great British writer C.

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Operational Resilience for Financial Services: The View from APAC

Pure Storage

A plan to meet the regulatory requirements as well as an audit regime were required by June 2023 and a first audit must be completed by June 2024. Australia The Australian Prudential Regulation Authority (APRA) released CPS 230 – Operational Risk Management for consultation in July 2022.

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How Can the PagerDuty Operations Cloud Play a Part in Your Digital Operational Resilience Act (DORA) Strategy by Lee Fredricks

PagerDuty

Robust ICT risk management Under ICT risk management, DORA mandates the establishment of strong incident management processes. This radically reduces the mean time to restore (MTTR) the service. This documentation will be crucial for demonstrating compliance with these regulations during potential audits.

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The Digital Operational Resilience Act is Finalized – Now is the Time to Act

Fusion Risk Management

The regulation is intended to make compliance obligations less confusing and provide greater security for consumers by creating unified standards for third-party risk monitoring, performance, and auditing. . The DORA is landmark legislation that is the first of its kind that focuses on how regulated entities manage their ICT risk.