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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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What is operational resilience?

everbridge

This concept, as defined by the European Banking Authority, emphasizes ensuring that essential services continue to function amid challenges such as cyber-attacks, natural disasters, regulatory changes, or supply chain disruptions. Map out dependencies across operations , including third-party vendors and supply chains.

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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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Make Rapid-Fire Reporting Standards Work for You

FS-ISAC

Several trade associations – including Bank Policy Institute, U.S. Singapore: Monetary Authority of Singapore (MAS) has implemented incident reporting requirements of 14 days. There are several steps financial institutions can take to improve response time and ensure readiness when a crisis strikes. Fix them and exercise again.

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The Best Risk Management Courses on Udemy to Consider for 2021

Solutions Review

This is what I call risk management 1 – risk management for external stakeholders (Board, auditors, regulators, government, credit rating agencies, insurance companies and banks). None of these things have anything to do with proper risk management. GO TO TRAINING.

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What The Pipeline Oil Ransomware Attack TAUGHT Us

Assurance IT

The company called in third-party cybersecurity authorities. Reports are claiming that the DarkSide ransomware group is responsible for the attack. There was a point in time when you had to hold up a bank to steal money. Each and every enterprise needs to take control and get authorities involved.

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45 World Backup Day Quotes from 32 Experts for 2023

Solutions Review

That is why it is so important to test your plans and recovery and make the business a large part of that effort to ensure something small doesn’t become an issue.“ Companies need to adhere to the law, govern data accordingly and have a recovery plan in place.

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