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Silicon Valley Bank (SVB) Failures in Risk Management: Why ERM vs GRC

LogisManager

Silicon Valley Bank (SVB) Failures in Risk Management: Why ERM vs GRC By Steven Minsky | May 5, 2023 Silicon Valley Bank (SVB) was closed by regulators and reminded us of the recession associated with Lehman Brothers and Washington Mutual Bank in 2008. ” You can outsource the activity to the vendor but not the risk.

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Artificial [Un]intelligence and Disaster Management

Emergency Planning

At the present time, perhaps the greatest potential of AI in disaster management is in its presumed ability to use its algorithms and data banks to provide synthesised information quicker than traditional methods can do so. One of the keys to this is the issue of trust in authority--or its absence.

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What Does Good Look Like in the Era of Operational Resilience?

Fusion Risk Management

A notable incident in 2018 involved a significant IT failure at UK bank TSB, prompting detailed reviews by UK regulators. The Prudential Regulation Authority (PRA), Bank of England (BoE), and Financial Conduct Authority (FCA) jointly issued stringent regulations to mitigate systemic risks and contain potential crises.

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Impact tolerance in operational resilience: A guide for businesses  

everbridge

From the framework defined by the Bank of England a key component of defining metrics around important business services is impact tolerance an essential concept that offers some tangible goals to determine how much disruption a business can tolerate before its operations, the consumers, the company or even the market are jeopardized.

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Money at Risk: Finance & Data Security in the Digital Age

NexusTek

Getting a sense that their bank, lender, or investment firm has weak security can drive customers to close their accounts and switch to a competitor. Customers increasingly demand access to their financial information through online and mobile platforms, with 61% of customers currently using some form of online banking each week 7.

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SIA Member Profile: American Alarm and Communications

Security Industry Association

At our 24-hour Security Command Center, American Alarm keeps watch over all types of property from single-family homes to multisite banks and retail operations to major public and historic venues. We have a fleet of over 100 vans staffed by properly licensed technicians available for routine service calls or emergency repairs.

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The Long Tail of Cyber Incidents – A Comhairle nan Eilean Siar (Western Isles Council) Case Study

Plan B Consulting

This experience is similar to that of SEPA (Scottish Environmental Protection Agency), whose accounting records had to be recreated from bank statements and HMRC records, leaving auditors unable to fully examine SEPAs finances, including 42 million of contract income. In local authorities, transparency is extremely important.

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