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

everbridge

MARCH 7, 2025

Security threats are evolving rapidly, shaped by a combination of cyber vulnerabilities, supply chain risks, geopolitical instability, and natural disasters. Organizations face a growing need to adapt their security strategies, ensuring they can anticipate, mitigate, and respond to threats effectively.

Resilience 52

Resilience Security Emergency Response Emergency Response 52

LogisManager

FEBRUARY 10, 2022

What Is Reputational Risk For Banks. That’s why it’s more important than ever to ensure you’re taking the right steps to use it to your advantage, which all starts with strong risk management. In the banking industry, managing reputational risk is a complex and ongoing discipline.

Banking 52

Banking Risk Management Strategic Evaluation 52

LogisManager

MAY 20, 2021

Colonial Pipeline Hack: Failure in Risk Management. In recent years, these attacks have affected everyone from banks and hospitals to universities and municipalities; almost 2,400 organizations in the United States were victimized last year alone. Colonial Pipeline Hack: Introduction. Colonial Pipeline, a major U.S.

Risk Management 64

Risk Management Management Authentication Hospitality 64

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

LogisManager

OCTOBER 31, 2023

What is the Three Lines of Defense Approach to Risk Management? 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.

Risk Management 52

Risk Management Audit Management Banking 52

Plan B Consulting

MAY 25, 2018

This week, I apply the PESTLE framework to business continuity, in response to finding other risk management frameworks too restricting. Over the last few weeks I have been thinking a lot about risk management frameworks for business continuity. Incident affecting the banking system d. Economic a.

Risk Management 52

Risk Management Management All-Hazards Hazard 52

Plan B Consulting

MAY 25, 2018

This week, I apply the PESTLE framework to business continuity, in response to finding other risk management frameworks too restricting. Over the last few weeks I have been thinking a lot about risk management frameworks for business continuity. Incident affecting the banking system d. Hostile takeover b.

Risk Management 52

Risk Management Management All-Hazards Hazard 52

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. Risk managers need to understand their IT processes so they can find and prevent security threats for everyone.

Mitigation 52

Mitigation Risk Management Audit Backup 52

LogisManager

AUGUST 1, 2023

The National Credit Union Administration (NCUA) has recently released its priorities and areas of focus for the 2023 examinations, which include Interest Rate Risk, Credit Risk, and Information Security Risk. 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

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. Make continuous adaptation a priority, recognizing that risks and operational landscapes constantly evolve.

Resilience 52

Resilience Financial Services Vulnerability Business Continuity 52

Solutions Review

SEPTEMBER 27, 2021

AuditBoard also streamlines audit, risk, and compliance programs with an enterprise workflow engine purpose-built to automate interaction across those three lines. Enablon also allows users to establish, manage, and track Key Risk Indicators (KRIs) and Key Performance Indicators (KPIs) to better meet objectives. Navex Global.

Government 92

Government Audit Risk Management Hospitality 92

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 percent as a result of the floods, according to estimates by the United Nations Office for Disaster Risk Reduction.

Mitigation 52

Mitigation Logistics Risk Reduction Retail 52

Risk Management Monitor

MARCH 4, 2022

Concerns about escalating cyber activity around the crisis are a vivid reminder of the importance of knowing your threat model and adjusting your risk management priorities accordingly. Check it out here: [link].

Management 56

Management Malware Cybersecurity Insurance 56

LogisManager

JANUARY 14, 2025

With increasing regulatory pressures and a need for operational agility, your role as a risk manager becomes more complex and essential. For risk managers, BPA offers a structured approach to identifying , managing, and mitigating risks that is both scalable and efficient.

Risk Management 52

Risk Management Healthcare Manufacturing Mitigation 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

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

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

Fusion Risk Management

MAY 19, 2022

Persons conducting business in the United States to maintain risk-based sanctions compliance policies and procedures. 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.”. Tips for Success.

Banking 52

Banking Evaluation Consulting Publishing 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

FS-ISAC

MAY 25, 2021

Banks around the world are used to quantifying financial risks such as market, credit, and liquidity risks. But in a digital finance world that is quickly advancing into uncharted territory, non-financial risks – operational risk, fraud prevention, IT risk, and cybersecurity – are increasingly critical to the business.

Banking 52

Banking Cybersecurity Mitigation Risk Management 52

LogisManager

AUGUST 1, 2023

The National Credit Union Administration (NCUA) has recently released its priorities and areas of focus for the 2023 examinations, which include Interest Rate Risk, Credit Risk, and Information Security Risk. Easily organize and analyze data to prioritize resource allocation and address OCC and regulatory risk categories.

Risk Management 52

Risk Management Banking Mitigation Activation 52

MHA Consulting

FEBRUARY 22, 2024

Related on MHA Consulting: The ABCs of ERM: The Rise of Enterprise Risk Management An Exciting New Partnership A couple of weeks ago, MHA Consulting issued the announcement of its new partnership with Kroll, the global leader in enterprise risk management, executive security, and cybersecurity services.

BCM 52

BCM Risk Management Business Continuity Consulting 52

Reciprocity

OCTOBER 8, 2024

Control activities to address the risks that have been identified. Information and communication to gather and disseminate information about risks to those responsible for financial reporting or risk management. Wire transfers, particularly to offshore bank accounts, are a favored method of fraud.

Audit 52

Audit Banking Authorization Activation 52

Reciprocity

OCTOBER 8, 2024

Control activities to address the risks that have been identified. Information and communication to gather and disseminate information about risks to those responsible for financial reporting or risk management. Wire transfers, particularly to offshore bank accounts, are a favored method of fraud.

Audit 52

Audit Banking Authorization Activation 52

Risk Management Monitor

DECEMBER 3, 2021

An increasingly key theme year over year, resilience is at the root of the latest Excellence in Risk Management India report from Marsh and RIMS—and the RIMS Risk Forum India 2021 virtual event , where the report was officially released today. Doing so increases the ability to develop effective responses.

Resilience 45

Resilience Pandemic Risk Management Crisis Management 45

Fusion Risk Management

SEPTEMBER 12, 2022

Even if it is difficult to use that regulatory hammer to secure funding for budget to purchase technology, this should not stop a progressive organization from using effective risk management disciplines to run their programs and serve their customers. Or, as so well articulated by the great British writer C.

Resilience 52

Resilience Insurance Insurance Outsourcing 52

MHA Consulting

MAY 25, 2023

In today’s blog, we’ll look at those risks from the point of view of a business consultant who specializes in technology and IT disaster recovery. A parallel potential exists in other activities that rely on AI, whether it’s analyzing x-rays, performing air traffic control, or scanning for bank fraud.

Risk Management 52

Risk Management Disaster Recovery Mitigation Consulting 52

Plan B Consulting

APRIL 2, 2024

This is a classic business continuity and emergency response incident, and I thought I would examine it through the lens of a couple of risk management concepts: black swan events and Reason’s Swiss cheese theory. The bank was the only short stretch of motorway without a barrier which would have kept the car on the motorway.

Banking 52

Banking Insurance Insurance Mitigation 52

Reciprocity

AUGUST 15, 2022

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. Senior Management.

Management 52

Management Audit Banking Media 52

Fusion Risk Management

MAY 12, 2022

Pandemics were on national risk registers and scenario exercised with national agencies in the UK and US just a couple of years prior; Russia annexed Crimea in 2014, setting itself up to be able to effectively target a resource rich Ukraine; and in borrowing so much during lockdown, we couldn’t avoid a state of rising inflation this year.

Failover 52

Failover Resilience Crisis Management Mitigation 52

Fusion Risk Management

FEBRUARY 7, 2023

Once you’ve done that, it’s becoming increasingly important to train all of your teams, not just the crisis management team, on how to respond to disruptions.

Financial Services 52

Financial Services Resilience Crisis Management Vulnerability 52

Fusion Risk Management

NOVEMBER 3, 2022

These requirements can apply in third-party risk scenarios but also more broadly across the enterprise where risk for misconduct exists. Circling back to third-party risks, fines for violating sanctions can range from $90,000-$1.5 million per violation, depending on the specific provision violated.

Resilience 96

Resilience Mitigation Cybersecurity Risk Management 96

Reciprocity

MARCH 24, 2022

These findings (and many more) show that fraud is a widespread risk that can affect any organization, its business continuity, and its reputation. So what can your organization do to minimize the possibility of fraud and mitigate its potential harm? Internal auditors can also search for fraud and mitigate potential damages.

Audit 52

Audit Banking Activation Authorization 52

Fusion Risk Management

JANUARY 5, 2023

While the methodology or framework for resilience may differ, the expectations are clear: businesses must adapt to the changing environment, mitigate potential impact, and continue to deliver important services to customers. One legislation addressing these risks is the landmark Digital Operational Resilience Act (DORA).

Resilience 52

Resilience Financial Services Outsourcing Audit 52