This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
As federal regulators take over Silicon Valley Bank in the wake of its collapse, many finance sector resilience professionals are looking at its risk management strategies to figure out what went wrong. When the SVB collapse was announced on Mar.
By Diego Robledo, CGA Graduate Vice President of ESG, Santander Corporate and Investment Banking The swift advancement of emerging technologies is paralleled by a proportional rise in their vulnerabilities.
Operational resilience has become a defining priority for organizations in sectors like finance and insurance, especially in the UK and Europe. The concepts within operational resilience have merit even in pharmaceutical, healthcare, and manufacturing. What are impact tolerances in operational resilience?
Understanding Operational Resilience In an era marked by escalating threats such as natural disasters , geopolitical tensions , cyberattacks, and social unrest, an organization’s ability to adapt, react, and maintain operations is crucial.
TSB bank in the UK has been experiencing severe computer issues, with customers unable to log into their online accounts or use the bank’s app and struggling to log in or make online payments. David Rubens looks at the issue from an organisational resilie By David Rubens
Unlike one-size-fits-all security strategies, resilience requires an approach that accounts for regulatory complexities, interdependent infrastructure, and a highly digitalized economy. This blog explores key security challenges and provides actionable strategies for organizations looking to build true resilience.
Operational resilience is the ability of an organization to deliver critical business operations, even during disruptions. Unlike organizational resilience, which focuses on the broader capacity of an organization to adapt and survive, operational resilience focuses on maintaining critical operations.
Architecting workloads to achieve your resiliency targets can be a balancing act. Firms designing for resilience on cloud often need to evaluate multiple factors before they can decide the most optimal architecture for their workloads. Resilience patterns and trade-offs. What is resiliency? Why does it matter?
He's an experienced business continuity executive with proven success in managing global resiliency programs. He is certified with DRII as a CBCP and with BCI as an MBCI.
Now we have days or hours to patch the vulnerability, says Carsten Fischer, Deputy Chief Security Officer at Deutsche Bank. Resilience is a necessary part of threat models – you have to continue operating – but the ideal outcome is reacting so quickly that you're not really impacted.
The post The CISOs Guide to Storage & Backup Cyber Resiliency appeared first on Best Backup and Disaster Recovery Tools, Software, Solutions & Vendors. Using the Wrong Tools There are scores of vulnerability scanners, patch management, and configuration management systems in existence.
A radical shift toward lean and modern Network Operations Centers (NOCs), digital resilience, and a relentless pursuit of inefficiencies. Modernizing NOC operations by adopting a lean approach will streamline operations, reduce costs, and ensure IT systems are optimized for performance and resilience. The solution?
The Bank of England is testing the UK’s ability to withstand a major cyber-attack on financial institutions. Cyber-attack Some 40 firms, including leading banks, are taking part in a one-day “war-gaming” exercise designed to assess their resilience. It wants to… Continue reading.
While ransomware resilience efforts focus mostly on prevention and response, the ability to detect ransomware early is just as crucial. Using early detection to protect your IT infrastructure against ransomware is much like guarding a bank vault. Ransomware has become an increasingly prevalent threat for today’s businesses.
Are you ready for the new Bank of England, PRA, and FCA regulatory requirements? Resilience dominates the agenda for organisations globally. The impending UK regulatory requirements reflect the societal need for better operational resilience.
In today’s world, organizations face unprecedented challenges that require a new approach to resilience. Organizations that embrace, invest in, and elevate resilience as a strategic priority are able to more proactively sense issues, analyze vulnerabilities, and adapt to the evolving environment.
What Operational Resilience really means, and how it compares with business continuity. I have been working on an operational resilience exercise for a client, which is based around taking a ‘severe but plausible scenario’ and then checking whether the scenario breaches the organisation’s impact tolerances.
Incident Response Plan Speed is the name of the game when it comes to cyber resilience. Monitoring and Intrusion Detection Securing your digital assets is like safeguarding a bank vault, where monitoring external threats alone is insufficient. Employing security tools before and after an incident is key to resilience.
Episode 154: What We Can Learn from the Silicon Valley Bank Failure and Leadership in Risk Management The Silicon Valley Bank failure sent a strong ripple effect through the financials of several prominent companies, and instilled some fear that other banks might fail as well.
What Operational Resilience really means, and how it compares with business continuity. I have been working on an operational resilience exercise for a client, which is based around taking a ‘severe but plausible scenario’ and then checking whether the scenario breaches the organisation’s impact tolerances.
We’ve traveled from New York to San Francisco to London, bringing together hundreds of visionaries and leaders from modern digital enterprises like Snowflake, Zendesk, TD Bank, Pinterest, Wayfair, Spotify, AWS and Slack. But that’s absolutely necessary, especially in banking.”
Recently, David Bailey – who is the Executive Director, UK Deposit Takers Supervision, and responsible for PRA’s supervision of the UK’s banks, building societies, and credit unions – made a speech surrounding his initial observations and a few challenges organizations are facing. Get The Getting Started with Operational Resilience Guide.
By now, if you’re a financial institution in the UK, you should be well aware of the new requirements for operational resilience that went into effect earlier this year. The requirements include reviewing operational resilience capabilities, including mapping and testing for impact tolerances for important business services.
Enhance the resilience and sustainability of healthcare systems by supporting the development of renewable energy and reducing the environmental impact of healthcare. The organization works with food banks, pantries, and other organizations to optimize food access and reduce hunger in communities, serving over 10,000 households daily.
It would be nice to have a clear answer for senior management and regulators about threat resiliency. While we’re at it, a single quantitative score to describe threat resilience would be fantastic. These organizations have developed dashboards comparing their business units or geographies’ threat resilience metrics.
It would be nice to have a clear answer for senior management and regulators about threat resiliency. While we’re at it, a single quantitative score to describe threat resilience would be fantastic. These organizations have developed dashboards comparing their business units or geographies’ threat resilience metrics.
Planes were grounded, banks were frozen, and hospitals were in chaos. One company’s screw-up spiraled into a global disaster, hitting everyone from airlines to banks. ERM is your secret weapon against chaos, helping you stay resilient, stable, and ready for whatever the world throws at you. Yep, you read that right—8.5
It’s Time for a New Model of Compliance Because a Resilient Organization is a Compliant One. And just like that, the first milestone on the Bank of England, Prudential Regulation Authority (PRA), and Financial Conduct Authority (FCA) operational resilience regulatory timeline came and went. The Old Model of Compliance.
A good example of 2FA is accessing your bank account. Often, the bank asks for your password, but then you must enter a code from a text message sent to your phone number. The phone number is the number you entered when you opened the bank account. Without it, a password is not sufficient to access an account.
Billions will have to be spent on making the country's infrastructure more resilient against this sort of event. They are managed by the country's local resilience forums. It must be demilitarised so that civilian authorities take full responsibility for creating resilience and response capability.
Following his recent bulletin on why he thinks the business continuity profession is in decline, Charlie looks at why he does not think resilience is the solution. This week I will discuss why I don’t think resilience is the saviour the business continuity world is looking for.
Following his recent bulletin on why he thinks the business continuity profession is in decline, Charlie looks at why he does not think resilience is the solution. This week I will discuss why I don’t think resilience is the saviour the business continuity world is looking for.
In March 2021, The Bank of England, the Prudential Regulation Authority (PRA), and the Financial Conduct Authority (FCA) published policy documents about operational resilience. This needs to be followed as soon as possible after 31st March 2022, and no later than 31st March 2025, by a roll-out of operational resilience capabilities.
Collectively, these guidelines make up the FFIEC Business Continuity standard, whose purpose is to make sure the banks and other financial institutions that are required to follow it can continue to operate even if they are hit with a disruption. This is true even if they are unable to reach full alignment with the standard.
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).
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.
Just like a compass helps chart a course, create a roadmap, and deliver you to your destination, Fusion assists our customers on the path to a robust, connected resilience capability. The need for an operational resilience sherpa was front and center at Fusion’s recent annual customer summit, Compass 2022.
Protection of Member Data Align with industry standards and best practices Proactive Risk Management Maintain Strong Reputation and Trust Continuous Improvement We highly encourage your credit union's active participation in the ISE 2023, as it can bolster your security defense and enhance overall resilience against cyber threats.
Episode 130: Building Financial Resilience to Secure Your Family’s Future As BCP professionals, we spend a lot of time discussing financial resilience from a corporate or business perspective, but we don’t have conversations about personal finance nearly enough.
Episode 130: Building Financial Resilience to Secure Your Family’s Future As BCP professionals, we spend a lot of time discussing financial resilience from a corporate or business perspective, but we don’t have conversations about personal finance nearly enough. Connect with Melanie Boykin LinkedIn - [link].
Episode 130: Building Financial Resilience to Secure Your Family’s Future As BCP professionals, we spend a lot of time discussing financial resilience from a corporate or business perspective, but we don’t have conversations about personal finance nearly enough. Connect with Melanie Boykin LinkedIn - [link].
There are even emerging regulatory requirements on the horizon such as the Digital Operational Resilience Act (DORA) that will extend regulatory reach to some technology and data service providers. Investing in Risk and Resiliency is the Right Thing to Do. Or, as so well articulated by the great British writer C.
As we know, when it comes to mainstream success, resilient, reputable, and reliable get the first chance at big opportunities. Erik Bernstein. erik@bernsteincrisismanagement.com .
Databases and enterprise applications require top performance and fail-proof resiliency. One customer, PNC Bank , reduced its data center footprint by 86% with FlashStack and saved over $1M as a result! . FlashStack takes those burdensome challenges of running hybrid cloud environments and makes them simple. Here’s how.
We organize all of the trending information in your field so you don't have to. Join 25,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content