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Chief among these is the unarguable fact that financial services organizations are consistently a top target for cyber threat actors, a reality that exists in tension with the #1 criterion customers use to evaluate financial institutions: security 1. And when it happens, a ready-to-implement plan will be of the utmost importance.
One of the tools that central banks use to help combat inflation is to raise interest rates. However, there is concern from central banks that doing so can lead to additional market pressures and unintended consequences. Price of Commodities (Raw Materials).
Chief among these is the unarguable fact that financial services organizations are consistently a top target for cyber threat actors, a reality that exists in tension with the #1 criterion customers use to evaluate financial institutions: security 1. And when it happens, a ready-to-implement plan will be of the utmost importance.
According to experts ranging from independent cybersecurity professionals to officials at the Cybersecurity and Infrastructure Security Agency (CISA), organizations at greatest risk right now include critical infrastructure , banks and other financial services firms, and of course key service providers in Ukraine or Russia.
Inflation is on the rise and to combat this, central banks are increasing interest rates. Tips for companies to leverage their North Star to anticipate, prevent, plan and respond to compound crisis . Undertake an initial evaluation of your organization’s potential exposure to the multiple crises we are experiencing today.
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.
For instance, all sales receipts and bank account deposit preparations should be documented. This will allow authorized personnel to perform bank reconciliations and verify that the receipts were deposited into the bank, which reduces asset misappropriation or other types of fraud.
The Bank of England, as part of their operational resilience policy statement , continually outlined the need for institutions to ensure that they can continue to deliver their important business services during severe (or extreme) but plausible scenarios.
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