LogisManager

FEBRUARY 10, 2022

What Is Reputational Risk For Banks. In the banking industry, managing reputational risk is a complex and ongoing discipline. Just like any business, banks face a myriad of risks. What is Reputational Risk Management in Banks? Risk management is an essential piece of any bank’s operations.

Banking 52

Banking Risk Management Strategic Evaluation 52

FS-ISAC

MARCH 2, 2022

As a financial services cybersecurity professional who has worked on three continents for large multinational institutions, I understand the advantages and challenges for security departments at banks both large and small. Faced with increasingly sophisticated cyber attacks, small banks can use their size to their advantage.

Banking 59

Banking Cybersecurity Risk Reduction Financial Services 59

everbridge

MARCH 7, 2025

Organizations face a growing need to adapt their security strategies, ensuring they can anticipate, mitigate, and respond to threats effectively. Banking sector: Preventing a large-scale ransomware attack A major bank successfully thwarted a ransomware attack that targeted customer transaction data.

Resilience 52

Resilience Security Emergency Response Emergency Response 52

LogisManager

JANUARY 14, 2025

For risk managers, BPA offers a structured approach to identifying , managing, and mitigating risks that is both scalable and efficient. By automating routine processes, organizations can focus more on risk mitigation and decision-making to improve their outcomes. 19 12, 2024 Webinar: The RMM Roadmap to Clarity & Confidence [.]

Risk Management 52

Risk Management Healthcare Mitigation Manufacturing 52

everbridge

MARCH 6, 2025

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.

Resilience 52

Resilience Financial Services Banking Manufacturing 52

PagerDuty

FEBRUARY 13, 2025

Overstaffing to compensate : Many NOCS attempt to mitigate the impact of turnover by overstaffing, which inflates labor costs without addressing the root problem. Example: Financial Services Banks and financial institutions face strict regulatory requirements for uptime.

Outage 71

Outage Manufacturing Disaster Recovery Resilience 71

Zerto

MAY 24, 2023

Using early detection to protect your IT infrastructure against ransomware is much like guarding a bank vault. At a bank, there are security guards who periodically patrol the area as well as security cameras, which are periodically viewed to monitor any suspicious activity.

Banking 101

Banking Alert Cyber Resilience Activation 101

LogisManager

OCTOBER 31, 2023

The proposed standards emphasize a stronger corporate governance and include an over-arching requirement for these banks to adopt the Three Lines Model. They are the ones who “own” the risk and are responsible for taking actions to mitigate it. This includes risk management, compliance, and internal control departments.

Risk Management 105

Risk Management Audit Management Banking 105

LogisManager

JANUARY 14, 2025

Risks Associated With Business Task Automation and How to Mitigate Them Last Updated: January 14, 2025 If your business is investing in task automation, you’ll benefit from increased efficiency and reduced manual tasks. For example, financial institutions like banks must protect their customer data or they face fines.

Mitigation 52

Mitigation Risk Management Audit Backup 52

Reciprocity

SEPTEMBER 5, 2024

The equity risk premium (ERP) is the extra returns you can demand for taking on the risk of investment in the stock market rather than making a risk-free investment (say, in an insured bank savings account). What Are Some Methods for Managing Market Risk?

Marketing 52

Marketing Mitigation Risk Management Banking 52

everbridge

AUGUST 26, 2021

In 2011, when extreme flooding crippled factories in Thailand, the country’s central bank estimated that the supply-chain disruptions lowered Thailand’s GDP growth rate by 76 percent, dropping it from the forecasted 4.1 The post How to Mitigate the Effects of Floods on Your Supply Chain appeared first on Everbridge.

Mitigation 52

Mitigation Logistics Risk Reduction Retail 52

Emergency Planning

OCTOBER 21, 2022

One only hopes that land-use planning will stem the flood of new construction in areas that are prone to inundation by rivers that burst their banks and seas that rise up and surge inland, eating away at properties and coastal defences as they go. To illustrate that, consider just one of the 102 provisions and 29 schedules.

Management 231

Management Emergency Planning All-Hazards Transportation 231

Citrix

JANUARY 25, 2023

Related Stories Citrix Session Recording 2212 supports lossy video codec, playback justification logging Mitigating risk from Cambium Networks cnMaestro SQL injection vulnerability How banks can meet expectations for the evolving future of work

Architecture 66

Architecture Banking Vulnerability Mitigation 66

LogisManager

AUGUST 1, 2023

Free Download: Financial Risk Assessment Template Improve risk assessment practices in your financial institution using our comprehensive Excel template designed for banks, credit unions, and other financial entities. Easily organize and analyze data to prioritize resource allocation and address OCC and regulatory risk categories.

Risk Management 96

Risk Management Banking Mitigation Activation 96

Pure Storage

JULY 9, 2024

Among the prime customers to use the Managed Container Services platform was a large German bank with outdated infrastructure, including a legacy Red Hat OpenShift container platform that was nearing the end of its support lifecycle. DXC Technology’s platform provided a much-needed upgrade with optimal performance and security for the bank.

Technology 69

Technology Banking Disaster Recovery Failover 69

everbridge

JANUARY 10, 2025

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.

Resilience 52

Resilience Financial Services Vulnerability Business Continuity 52

PagerDuty

JULY 11, 2024

We launched PagerDuty on Tour in May to showcase our solutions and help attendees expand their skills and hear real-world stories on using incident management, AI and automation to unlock efficiency, accelerate productivity, and mitigate risk. But that’s absolutely necessary, especially in banking.”

Banking 72

Banking Alert Resilience Travel 72

LogisManager

MAY 16, 2023

IMPACT 2023 Supplier Diversity: The Next Level of Third Party Risk Management Duration: 33 Minutes Presenter: Bryan Phillips , Federal Home Loan Bank of Indianapolis In this session, Bryan Phillips from Federal Home Loan Bank of Indianapolis presents on Supplier Diversity: the Next Level of Third Party Risk Management.

Risk Management 52

Risk Management Banking Management Mitigation 52

LogisManager

MAY 16, 2023

IMPACT 2023 Supplier Diversity: The Next Level of Third Party Risk Management Duration: 33 Minutes Presenter: Bryan Phillips , Federal Home Loan Bank of Indianapolis In this session, Bryan Phillips from Federal Home Loan Bank of Indianapolis presents on Supplier Diversity: the Next Level of Third Party Risk Management.

Risk Management 52

Risk Management Banking Management Mitigation 52

Behavior Group

AUGUST 6, 2018

In assessing how the cyber threat and mitigation landscape has evolved over time, I often think of the ways that “cops and robbers” movies have changed: In the old days, a typical scene would feature a bad guy walking into a bank with a note indicating that he had a gun, and that he wanted… Continue reading.

Security 52

Security Banking Mitigation Risk Management 52

Pure Storage

MARCH 18, 2024

Then, there’s the cost to build and train a proprietary LLM. RAG can help to spare enterprises the significant cost and resources required, making GenAI more applicable to businesses, especially from a return on investment standpoint.

Application 122

Application Capacity Financial Services Banking 122

Security Industry Association

JUNE 29, 2023

Similar to the compound interest mechanism in banking, our clients begin with a restricted-scale PIR infrastructure that steadily expands at periodic intervals with the addition of fresh intelligence concerning new risk factors and actors we identify, in addition to the constantly evolving security needs in each organization.

Logistics 98

Logistics Security Mitigation Travel 98

Reciprocity

OCTOBER 7, 2024

For these reasons, it’s critical to develop a strong payroll process, identify any risks, and implement robust control activities to mitigate those risks. Separate Bank Accounts A separate bank account for payroll reduces the number of company assets at risk. A dedicated payroll account also simplifies audits.

Audit 52

Audit Banking Authorization Mitigation 52

PagerDuty

AUGUST 12, 2024

One of the highlights from our main session was the fireside chat featuring Rodrigo Castillo, Chief Technology Officer of Commonwealth Bank, and Jeremy Kmet, Senior Vice President of Global Field Operations at PagerDuty. Engaging masterclass in the morning before the main session, which received excellent feedback from attendees.

Entertainment 59

Entertainment Outage Banking Resilience 59

LogisManager

MAY 22, 2023

In this blog, we will explore three ways to prepare for the future: engaging your Risk Committee and Board of Directors with the Risk Maturity Model, using risk management to anticipate and mitigate potential risks, and optimizing vendor spending while enhancing your security.

Risk Management 52

Risk Management Banking Evaluation Benchmark 52

LogisManager

MAY 22, 2023

In this blog, we will explore three ways to prepare for the future: engaging your Risk Committee and Board of Directors with the Risk Maturity Model, using risk management to anticipate and mitigate potential risks, and optimizing vendor spending while enhancing your security.

Risk Management 52

Risk Management Banking Evaluation Benchmark 52

Solutions Review

SEPTEMBER 27, 2021

Additionally, users can integrate their risk management programs, including the identification, assessment, response, mitigation, and monitoring in a highly visual and intuitive way. Users can also connect their risks to mitigating controls to show how their organization treats its threats. Platform: Enablon. Platform: Enablon.

Government 92

Government Audit Risk Management Hospitality 92

Fusion Risk Management

MAY 19, 2022

Thus, internal sanctions-related policies and procedures should be updated to account for new risks related to such services and mitigating actions should be taken as appropriate.”. Persons conducting business in the United States to maintain risk-based sanctions compliance policies and procedures. Tips for Success.

Banking 52

Banking Evaluation Consulting Publishing 52

Reciprocity

OCTOBER 8, 2024

In addition, regularly examine bank statements and canceled checks to assure that bills are not issued out of sequence (which can indicate the presence of missing reviews and fraudulent activities). Examining canceled checks (processed and cleared by the bank) is vital to assure that only authorized personnel sign checks.

Audit 52

Audit Banking Authorization Activation 52

Reciprocity

OCTOBER 8, 2024

In addition, regularly examine bank statements and canceled checks to assure that bills are not issued out of sequence (which can indicate the presence of missing reviews and fraudulent activities). Examining canceled checks (processed and cleared by the bank) is vital to assure that only authorized personnel sign checks.

Audit 52

Audit Banking Authorization Activation 52

FS-ISAC

MAY 25, 2021

Banks around the world are used to quantifying financial risks such as market, credit, and liquidity risks. At Banco de Credito de Peru, the largest bank in the country, we consider all non-financial risks together, as they are interrelated and require the same governance processes. We have known how to measure them for centuries.

Banking 52

Banking Cybersecurity Mitigation Risk Management 52

LogisManager

OCTOBER 31, 2023

The proposed standards emphasize a stronger corporate governance and include an over-arching requirement for these banks to adopt the Three Lines Model. They are the ones who “own” the risk and are responsible for taking actions to mitigate it. This includes risk management, compliance, and internal control departments.

Risk Management 52

Risk Management Audit Management Banking 52

PagerDuty

AUGUST 12, 2024

One of the highlights from our main session was the fireside chat featuring Rodrigo Castillo, Chief Technology Officer of Commonwealth Bank, and Jeremy Kmet, Senior Vice President of Global Field Operations at PagerDuty. Engaging masterclass in the morning before the main session, which received excellent feedback from attendees.

Entertainment 52

Entertainment Outage Banking Resilience 52

Pure Storage

AUGUST 3, 2023

Threat modeling is an essential tool for developers and security professionals to identify and mitigate potential security risks in software systems proactively. Attack Method STRIDE Category Design Hardening Steps Mitigating Controls Credential Stuffing Spoofing Implement multi-factor authentication.

Authentication 87

Authentication Vulnerability Authorization Audit 87

Solutions Review

SEPTEMBER 9, 2021

The industries Resolver serves include banking and financial services, healthcare and hospitals, insurance, academic institutions, critical infrastructure organizations, airports, utilities, hospitality, government, and more. Users can also connect their risks to mitigating controls to show how their organization treats its threats.

Risk Management 98

Risk Management Management Audit Hospitality 98

Risk Management Monitor

MARCH 4, 2022

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.

Management 56

Management Malware Cybersecurity Insurance 56

Plan B Consulting

APRIL 2, 2024

Traditional risk management focuses on identifying and mitigating risks that can be predicted based on historical data and past experiences. The only mitigation was that the incident occurred in the middle of the night rather than at peak rush hour, so the casualty count was much less than it could have been.

Banking 52

Banking Insurance Insurance Mitigation 52