Remove Authorization Remove Consulting Remove Insurance
article thumbnail

Impact tolerance in operational resilience: A guide for businesses  

everbridge

Operational resilience has become a defining priority for organizations in sectors like finance and insurance, especially in the UK and Europe. Aligning with regulatory expectations Global regulatory frameworks increasingly demand that organizations define and maintain impact tolerances to demonstrate operational resilience.

article thumbnail

5 Key Takeaways from the EU’s Digital Operational Resilience Act (DORA)

Pure Storage

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. The act applies to banks, insurance companies, investment firms, and the like, but it also includes critical third parties.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Do Cyber Risks Lurk in Your Business Ecosystem?

NexusTek

Penetration testing: This is an authorized, simulated attack on a company’s IT systems, which helps it to identify existing vulnerabilities. Cyber insurance: Such policies help to cover costs related to cyber incidents and indicate that a third party is paying attention to cyber risk management.

article thumbnail

Can a Shredding Company Recover Lost Profit After a Truck Accident?

Prism International

A shredding company may have the right to pursue lost income from an at-fault driver and the at-fault driver’s insurance company after an accident. Insurance claims: The shredding company should consider filing a claim with the at-fault driver’s insurance company right away.

article thumbnail

Managing Sanctions Risk from Russia’s War on Ukraine

Risk Management Monitor

In a briefing yesterday, global risk consultancy Control Risks discussed some of the risk management considerations and steps companies need to take as the sanctions landscape continues to evolve. Be sure to engage with regulators, enforcement agencies, banks and insurers for guidance. What do you do as sanctions regimes evolve?

Banking 58
article thumbnail

5 Questions to Ask Your CISO

Pure Storage

It’s important to create and update lists of cell phone numbers and alternate email addresses for contacts within IT and security teams, senior leaders, and outside security consultants such as the retained forensics team. . Also, include cyber insurance providers that can explain coverages and limitations.

article thumbnail

Getting Started with Enterprise Risk Management

MHA Consulting

Related on MHA Consulting: The ABCs of ERM: The Rise of Enterprise Risk Management Introducing Enterprise Risk Management In addition to being a business continuity consultant, I’m a business owner. It helps organizations reduce risk, outages, impacts, and costs, such as insurance costs. ERM is all about reducing.