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Customer Value Story: Streamlining Audit Management Last Updated: October 16, 2023 A LogicManager customer in the banking industry, despite a small auditing team, faced challenges managing audit tasks efficiently using spreadsheets. Improve the efficiency and effectiveness of your audit management program.
Customer Value Story: Streamlining Audit Management Last Updated: October 16, 2023 A LogicManager customer in the banking industry, despite a small auditing team, faced challenges managing audit tasks efficiently using spreadsheets. Improve the efficiency and effectiveness of your audit management program.
The Impact of Ineffective Resilience Capabilities is Severe Imagine a bank that experiences a catastrophic outage in its IT systems , preventing customers from accessing their accounts for several days. This is exactly what recently happened with TSB Bank and Applied Materials. million customers.
High-profile outages, such as those faced by Bank of America and other global institutions, emphasize the critical importance of operational resilience and compliance. Simplifying changemanagement and automation As companies scale, managing distributed teams and hybrid infrastructures becomes increasingly challenging.
In banking, for example, the FDIC, the Office of the Comptroller of the Currency (OCC), or the Consumer Financial Protection Bureau (CFPB) are stringent regulators that can impose high fines for compliance issues. In June 2020, the OCC warned banks about compliance risks related to the COVID-19 pandemic. FDIC), a primary U.S.
Within the security industry, we as businesses have a responsibility to our internal employees to ensure we are correctly analyzing the risks of situations we are creating within our organizations when it comes to changemanagement and operating processes.
While traditional industries such as banking, insurance, healthcare, and telecoms have borne the brunt of regulation in the past, todays digital age is fueling a risk in regulation that touches all entities, large or small. Drivers for GRC Without a doubt, the biggest driver for GRC is regulation.
With DORA, there is a significant change for the financial sector because organizations are now mandated to ensure the resilience, continuity, and availability of their information and communication technology (ICT) systems while upholding stringent data security standards.
High-profile outages, such as those faced by Bank of America and other global institutions, emphasize the critical importance of operational resilience and compliance. Simplifying changemanagement and automation As companies scale, managing distributed teams and hybrid infrastructures becomes increasingly challenging.
While traditional industries such as banking, insurance, healthcare, and telecoms have borne the brunt of regulation in the past, todays digital age is fueling a risk in regulation that touches all entities, large or small. Drivers for GRC Without a doubt, the biggest driver for GRC is regulation.
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