Fusion Risk Management

JANUARY 5, 2023

Operational resilience has been top of mind for regulators and financial services firms for the past few years. Financial services firms are always the first to get the attention of regulators, but the push towards operational resilience extends far beyond FinServ. Audit Access. Oversight Framework.

Resilience 52

Resilience Financial Services Outsourcing Audit 52

PagerDuty

JANUARY 16, 2025

It gives you an auditable trail that is ready for regulator or internal reviews. To learn more, check out the PagerDuty Financial Services web page. During major incidents, manual data collection often leads to inconsistencies. Strong incident management is just as important.

Resilience 52

Resilience Gap Analysis Financial Services Audit 52

FS-ISAC

NOVEMBER 8, 2021

The rapid digitization in financial services as well as the new ways of working spawned by the pandemic have created new risks that either did not exist or were not material before. Regulators are placing more scrutiny on CISOs in financial services; in many cases, holding them personally accountable.

Cybersecurity 75

Cybersecurity Financial Services Risk Management Benchmark 75

Reciprocity

JANUARY 12, 2023

Reciprocity’s ROAR Platform compliance and audit management solution leaves compliance-by-spreadsheet behind. Guides and checklists can only go so far if you’re still using old-fashioned spreadsheets to track your compliance efforts. Ask yourself: Do you want to work that hard?

Audit 98

Audit Fashion Publishing Financial Services 98

Solutions Review

JUNE 16, 2023

Storage & Backup Compliance is Time Consuming Some organizations spend countless hours manually preparing for compliance-related activities such as a PCI audit. Audit Logging Misconfigurations Many backup systems are not configured sufficiently for audit logging. The big problem is time.

Backup 52

Backup Audit Retail Vulnerability 52

Pure Storage

MAY 13, 2024

Cybercriminals know that big attractive targets like major financial services and healthcare organizations will have robust defenses around their own assets. In-depth questionnaires and even independent audits might be appropriate, but the process should be thorough.

Audit 52

Audit Banking Benchmark Application 52

Reciprocity

APRIL 4, 2022

Here are some others: Financial risk. Audit risk. Instead of using spreadsheets for your risk management strategies, adopt Reciprocity ZenRisk to streamline evidence and audit management for all of your compliance frameworks. Workflow management features offer easy tracking, automated reminders, and audit trails.

All-Hazards 95

All-Hazards Mitigation Risk Management Hazard 95

PagerDuty

JUNE 26, 2024

a number of people have asked if I could give more practical advice on how the PagerDuty Operations Cloud can play a part in helping firms in the Financial Services Industry (FSI) to meet their obligations under DORA. This documentation will be crucial for demonstrating compliance with these regulations during potential audits.

Resilience 52

Resilience Financial Services Alert Response Plan 52

LogisManager

MAY 9, 2023

For example, SVB had a Moody’s A1 issuer rating and KPMG signed off on SVB’s bank’s audit just 14 days before it declared bankruptcy. External auditors, rating agencies, and investment banker analyst firms are protected by free speech and have a financial stake in the companies they report on. This is GRC at its finest.

Banking 98

Banking Risk Management Management Corporate Governance 98

Reciprocity

OCTOBER 8, 2024

In addition, the effectiveness of the VaR application also depends on liquidity in financial services. Workflow features enable easy tracking, automated reminders, and audit trails. It is a single source of truth that assures your organization is always audit-ready. Worry-free risk management is the Zen way!

Risk Management 52

Risk Management Management Corporate Governance Audit 52

Reciprocity

OCTOBER 8, 2024

In addition, the effectiveness of the VaR application also depends on liquidity in financial services. Workflow features enable easy tracking, automated reminders, and audit trails. It is a single source of truth that assures your organization is always audit-ready. Worry-free risk management is the Zen way!

Risk Management 52

Risk Management Management Corporate Governance Audit 52

Reciprocity

DECEMBER 27, 2022

It also helps align internal audit, external audit, and compliance functions. In the modern business landscape, organizations in every industry must manage auditing, risk assessments, compliance, vendor assessments, cybersecurity threats, and disaster recovery. Audit management. What Are the Benefits of Using a GRC Tool?

Government 52

Government Audit Risk Management Disaster Recovery 52

Reciprocity

NOVEMBER 5, 2021

ERM also has financial benefits. Not only can an integrated risk management program save you money by avoiding business disruptions; it can also help your accounting team come audit time. It also streamlines the audit process, so you can save time and money and improve audit outcomes. Monitoring.

Risk Management 52

Risk Management Management Audit Strategic 52

Reciprocity

MARCH 24, 2022

Evidence may include compliance certifications, penetration test reports, financial information, and on-site audits. Conduct vendor audits. Perform Internal Audits. Internal audits are crucial for assuring that you manage vendor relationships adequately and consistently. Here are some types of risks to look for.

Risk Management 52

Risk Management Management Audit Cybersecurity 52

Advancing Analytics

JULY 27, 2022

We recently completed a project with a leading financial services provider in the UK, offering financial solutions to clients, brokers, and businesses of all sizes and specialisations.

Travel 52

Travel Financial Services Activation Strategic 52

Reciprocity

DECEMBER 19, 2022

Monitoring often incorporates audit requirements (either external or internal) as part of the regulatory or industry standard. Set up a mechanism for monitoring and auditing. To accomplish this, create a system of internal and external monitoring, including formal audits. Elements of a Strong Compliance Program.

Audit 52

Audit All-Hazards Gap Analysis Healthcare 52

Fusion Risk Management

SEPTEMBER 12, 2022

A bottom-up approach occurs when teams are issue spotting via speaking up about issues that they are encountering, control testing, or remediating audit findings. Contractual Obligations. Closely related to being viewed as a better partner are the many contractual obligations that can be imposed upon your organization.

Resilience 52

Resilience Insurance Insurance Outsourcing 52

LogisManager

MAY 20, 2021

This is especially important when considering the additional scrutiny and cost of SOC II and regulatory audits that are based largely on the strength of an organization’s ERM program. Steven is a frequent speaker in the Energy , Financial Services and Cyber industries. Risk Assessments & User Access Reviews.

Risk Management 64

Risk Management Management Authentication Hospitality 64

Pure Storage

JANUARY 18, 2024

This is the first solution Pure Storage has submitted for a STAC-M3 audit. STAC-M3 and Pure Storage Audit Results Faster Performance Pure Storage’s solution involving kdb+ 4.0, The results from both the baseline (Antuco) and scaling (Kanaga) suites demonstrate Pure Storage’s commitment to delivering exceptional performance.

Benchmark 64

Benchmark Architecture Capacity Audit 64

Reciprocity

AUGUST 15, 2022

Regular audits of the compliance program. Compliance Audit. Regarding IT infrastructure, the Consumer Financial Protection Bureau Supervision and Examination Manual expressly incorporates security requirements of the Gramm-Leach-Bliley Act (GLBA) and the Electronic Funds Transfer Act. Surveillance and Audits.

Management 52

Management Audit Banking Risk Management 52

Reciprocity

OCTOBER 9, 2024

How to prepare for a NIST Audit: Checklist What is a security impact analysis? Additionally, we’ve included links for deeper exploration and a practical guide to preparing for a NIST compliance audit. AU – Audit and Accountability: Keeping detailed logs to monitor and analyze actions that could affect security.

Cybersecurity 40

Cybersecurity Audit Risk Management Vulnerability 40

Reciprocity

OCTOBER 9, 2024

How to prepare for a NIST Audit: Checklist What is a security impact analysis? Additionally, we’ve included links for deeper exploration and a practical guide to preparing for a NIST compliance audit. AU – Audit and Accountability: Keeping detailed logs to monitor and analyze actions that could affect security.

Cybersecurity 40

Cybersecurity Audit Risk Management Vulnerability 40

Pure Storage

OCTOBER 4, 2022

In previous posts, we looked at some of the hottest areas for AI in financial services and the top challenges to be addressed when implementing an AI or machine learning program. . With their enormous data sets and extensive experience with analytics tools, financial firms have an advantage when it comes to AI and ML.

Banking 59

Banking Financial Services Strategic Application 59

Reciprocity

OCTOBER 1, 2022

Managing risk, compliance, and audit processes is complex and resource intensive. Without a centralized platform, audit cycles are longer, visibility into overall risk posture is lacking, and reporting is inefficient.

Government 52

Government Internet Risk Management Audit 52

Reciprocity

AUGUST 24, 2022

2002-2007): Financial reporting, Sarbanes-Oxley Act (SOX) compliance, and their related IT controls. 2007-2012): Audit management, enterprise, and operational risk management, compliance beyond financial controls, and more. Rasmussen sees the GRC development timeline as follows: GRC 1.0 GRC 4.0: (2018-present): Automated GRC.

Risk Management 52

Risk Management Audit Insurance Insurance 52

Fusion Risk Management

NOVEMBER 30, 2022

Given that many in the resilience field won’t be working for regulated financial services firms , the ‘stick’ of compliance isn’t there for them; instead, they have this opportunity to ride the wave of interest and engagement from stakeholders that the new regulations have brought with them. .

Resilience 52

Resilience Financial Services Audit Account Manager 52

Reciprocity

AUGUST 18, 2022

Your ERM program should encompass all aspects of risk management and response in all business processes, including cybersecurity, finance, human resources, risk management audit , privacy, compliance, and natural disasters. Workflow management features offer easy tracking, automated reminders, and audit trails.

Risk Management 52

Risk Management Management Mitigation Strategic 52

Reciprocity

MARCH 28, 2022

Your enterprise risk management (ERM) program – one that encompasses all aspects of risk management and risk response in all business processes, including cybersecurity, finance, human resources, risk management audit , privacy, compliance, and natural disasters – should involve strategic, high-level risk management decision-making.

Risk Management 52

Risk Management Management Mitigation Strategic 52

Fusion Risk Management

AUGUST 18, 2022

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 will apply to 20 distinct types of existing regulated financial entities. Enforcement of the DORA.

Resilience 52

Resilience Authorization Gap Analysis Risk Management 52

Reciprocity

SEPTEMBER 23, 2022

GDPR and CCPA compliance require internal controls, technology safeguards, comprehensive audits, and documentation. ZenComply acts as a single source of truth so that all employees involved in GDPR and CCPA compliance can access the same documentation and reporting to support audits. ZenComply goes beyond checking the box.

Government 52

Government Activation Audit Application 52

Erwood Group

MARCH 30, 2023

Formed in 1983, Silicon Valley Bank (SVB) was founded to provide financial services to startups, venture capitalists, and technology companies. Additionally, the head of financial risk management for the UK branch of SVB, Jay Eraspah focused on multiple “woke” LGBTQ+ agendas even as the bank faced collapse.

Banking 59

Banking Impact Analysis Risk Management Marketing 59

Reciprocity

APRIL 4, 2022

Workflow management features offer easy tracking, automated reminders, and audit trails. Templates guide you through the risk assessment process to help you understand your risk landscape and prioritize mitigation activities. Insightful reporting and dashboards provide visibility to gaps and high-risk areas.

Mitigation 52

Mitigation Malware Cybersecurity Media 52

Reciprocity

AUGUST 24, 2022

If your vendor needs to meet a compliance standard or regulation, check recent security audits to review how well it manages compliance with that standard. Criteria for Setting KPIs Include: Compliance requirements. Staff training.

Management 52

Management Risk Management Cybersecurity Strategic 52

Reciprocity

SEPTEMBER 30, 2022

Site content audits and script monitoring also help manage and minimize the risks of third-party scripts and plugins. In addition, monitor the Hypertext Transfer Protocol (HTTP) requests made by the company website to ensure that it doesn’t connect with malicious domains. Access to Personally Identifiable Information.

Healthcare 52

Healthcare Management Vulnerability Risk Management 52

Reciprocity

AUGUST 17, 2022

This comprehensive platform includes risk management, compliance, audit, and policy management capabilities to manage these critical tasks easily. Manage Strategic and Operational Risk Seamlessly with Reciprocity ZenRisk. To better manage your strategic and operational risk, rely on technology such as Reciprocity ZenRisk.

Strategic 52

Strategic Risk Management Mitigation Cybersecurity 52

Reciprocity

MARCH 24, 2022

Internal Audits. Solid internal audit procedures limit the risk of fraud. Along with management reviews, internal audits are critical to assess existing anti-fraud controls and assure they remain effective and up-to-date. External Audits. It is a single source of truth that ensures your organization is always audit-ready.

Audit 52

Audit Banking Activation Authorization 52

Pure Storage

OCTOBER 17, 2024

If we have to do something, let’s make it useful,” said Rob Glanzman, Global Strategic Alliances Principal Architect, Financial Services, Pure Storage, in a recent webinar: “ Compliance as a Catalyst: Transforming Regulatory Challenges into Opportunities.” There’s a lot to be said about turning compliance into a competitive advantage.

Cyber Resilience 124

Cyber Resilience Resilience Financial Services Audit 124