Business Resilience Decoded

JUNE 22, 2023

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.

Banking 36

Banking Risk Management Disaster Recovery Management 36

Fusion Risk Management

MARCH 8, 2022

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. The post Economic Impact of Russia Sanctions appeared first on Fusion Risk Management.

Automotive 98

Automotive Transportation Banking Logistics 98

Fusion Risk Management

APRIL 5, 2023

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.

Resilience 59

Resilience Banking Strategic Vulnerability 59

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

Fusion Risk Management

APRIL 20, 2022

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.

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Resilience Authorization Banking Account Manager 52

MHA Consulting

MARCH 23, 2023

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.

BCM 95

BCM Impact Analysis Business Continuity Banking 95

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.

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Fusion Risk Management

SEPTEMBER 12, 2022

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.

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Resilience Insurance Insurance Outsourcing 52

Fusion Risk Management

JUNE 27, 2022

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.

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Resilience Airlines Banking Risk Management 52

Fusion Risk Management

MARCH 2, 2022

As risk managers, compliance with these new sanctions tests the bounds of third-party programs – as guardians of companies, risk practitioners can’t do business with sanctioned parties and operate lawfully. One of the core pillars of being a more resilient organization is the ability to adapt and respond in the face of change.

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Banking Telecommunications Government Resilience 52

Fusion Risk Management

MAY 19, 2022

There are some tips that professional services firms can use to help define a risk-based sanctions approach that OFAC expects. These include: Remember to build a resilient culture; it is not enough to just check the box. Leverage technology to help you define your risk assessment and resiliency methodology.

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Banking Evaluation Consulting Publishing 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

Fusion Risk Management

DECEMBER 4, 2023

In an era of constant change, the risks and threats to global organizations never sleep. Today’s practitioners recognize that they need dynamic risk management , operational resilience, and business continuity (BC) programs – and they need to be agile in implementing them.

Business Continuity 52

Business Continuity Resilience Risk Management Financial Services 52

BCP Builder

APRIL 13, 2020

Unfortunately, I googled my bank when I was living in the UK and found myself on a fake login page. The next day, all of my money was transferred out of my bank account! It was a horrible situation and a stressful few days before finding out the bank was going to reimburse the funds.

BCP 52

BCP Banking Continuity Planning Business Continuity 52

BCP Builder

APRIL 13, 2020

In addition to the presentation, I have offered four E-Book’s for free download on the following topics: Business Continuity and Risk Management. Unfortunately, I googled my bank when I was living in the UK and found myself on a fake login page. The next day, all of my money was transferred out of my bank account!

BCP 52

BCP Banking Continuity Planning Business Continuity 52

Fusion Risk Management

MARCH 14, 2022

Industry websites are brimming with dos and don’ts and successes and failures pertaining to building more resilient operations, creating resilient cultures, and architecting the systems that support them. But where are firms in their journey to implementing more resilient operations?

Financial Services 40

Financial Services Resilience All-Hazards Vulnerability 40

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

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

JUNE 13, 2022

Kristalina Georgieva, Managing Director, International Monetary Fund (IMF) said it best in the concluding remarks at Davos — “The overlaying of crisis upon crisis has taught us one thing, think of the unthinkable. How is the concept of compound crisis affecting resilience? . And remember Covid?

Transportation 52

Transportation Pandemic Continuity Planning Resilience 52

Pure Storage

MAY 13, 2024

The last year has seen such attacks hit Bank of America , Home Depot, T-Mobile , Okta , and Citrix. To help, a new class of tools has appeared on the market: Third-party cybersecurity risk management (TPCRM) platforms can help manage both assessment and ongoing monitoring.

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Audit Banking Benchmark Application 52

Fusion Risk Management

FEBRUARY 7, 2023

If you ask most resilience students or apprenticeship trainees what their ultimate career goal position might be, heading up the global resilience team for financial services market leaders would likely be high up there. However, once you have reached those lofty echelons, you have a massive challenge on your hands.

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Financial Services Resilience Crisis Management Vulnerability 52

Business Resilience Decoded

OCTOBER 20, 2022

Episode 127: Strategic Communication Methods for DE & I This episode is brought to you by Fusion Risk Management, Building a More Resilient World Together. Just like our banks, we need to make a deposit before we can make a withdrawal. Just like our banks, we need to make a deposit before we can make a withdrawal.

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Strategic Communications Disaster Recovery Sports 36

Business Resilience Decoded

OCTOBER 20, 2022

Episode 127: Strategic Communication Methods for DE & I This episode is brought to you by Fusion Risk Management, Building a More Resilient World Together. Just like our banks, we need to make a deposit before we can make a withdrawal. Just like our banks, we need to make a deposit before we can make a withdrawal.

Strategic 36

Strategic Communications Disaster Recovery Sports 36

BCP Builder

APRIL 20, 2020

This means that management will need to address what their new business model will be. Business Continuity and Risk Management will hopefully be given the respect it deserves. Many professionals in senior roles did not understand, nor even care to understand business continuity and organisational resilience strategies.

BCP 52

BCP Continuity Planning Business Continuity Pandemic 52

BCP Builder

APRIL 20, 2020

This means that management will need to address what their new business model will be. Business Continuity and Risk Management will hopefully be given the respect it deserves. Many professionals in senior roles did not understand, nor even care to understand business continuity and organisational resilience strategies.

BCP 52

BCP Continuity Planning Business Continuity Pandemic 52

Business Resilience Decoded

OCTOBER 20, 2022

Episode 127: Strategic Communication Methods for DE & I This episode is brought to you by Fusion Risk Management, Building a More Resilient World Together. Just like our banks, we need to make a deposit before we can make a withdrawal. Just like our banks, we need to make a deposit before we can make a withdrawal.

Strategic 28

Strategic Communications Disaster Recovery Sports 28

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

FS-ISAC

MAY 25, 2021

As part of our Latin America focus for this edition of FS-ISAC Insights, we spoke with Homero Valiatti, Superintendent of Information Security at Itaú, Brazil's largest bank and the largest financial institution in the southern hemisphere. How are you managing the uptick in attacks on the supply chain?

Cybersecurity 52

Cybersecurity Malware Risk Management Banking 52

Pure Storage

JUNE 6, 2023

How Banks Benefit from the New Digital Operational Resilience Act by Pure Storage Blog We’ve all seen how ransomware can bring businesses, local governments, and other organizations to their knees. DORA closes a critical gap in data management for banks. The key metric of success was a low cost of ownership.

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Banking Resilience Financial Services Architecture 97

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. The Digital Operational Resilience Act (DORA) in the EU takes it a step further and opens the door for provisions for criminal prosecution.

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Resilience Mitigation Cybersecurity Risk Management 96

Fusion Risk Management

JANUARY 5, 2023

Operational resilience has been top of mind for regulators and financial services firms for the past few years. The old way of managing risk and resilience programs is no longer effective or efficient, and regulators have taken note. The DORA centers around five principles that can lead to operational resilience.

Resilience 52

Resilience Financial Services Outsourcing Audit 52

Pure Storage

MARCH 25, 2024

Operational Resilience for Financial Services: A Perspective from the U.S. We took a global look at the subject of OR in our white paper, “ Strengthening Operational Resilience in Financial Services ,” and two blogs that focused on requirements in Europe and APAC. FFIEC has a much broader and even less specific mandate than CISA.

Financial Services 59

Financial Services Resilience Banking Risk Management 59

Fusion Risk Management

MARCH 1, 2022

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. So, what is the current reality related to the conflict in Ukraine?

Manufacturing 52

Manufacturing Logistics Transportation Vulnerability 52

Pure Storage

JANUARY 11, 2024

5 Key Takeaways from the EU’s Digital Operational Resilience Act (DORA) by Pure Storage Blog In our recent white paper, “ Strengthening Operational Resilience in Financial Services , ” we explore how operational resilience (OR) has emerged as one of the most important issues in the financial industry.

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Resilience Financial Services Banking Cybersecurity 117

Fusion Risk Management

JANUARY 24, 2023

I visited many organizations throughout 2022 and observed varying maturity levels in programs on their journey to addressing regulatory and policy requirements related to Operational Resilience. In 2023, we will continue to see more non-financial services companies adopt operational resilience concepts and frameworks.

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Resilience Financial Services All-Hazards Banking 52

Pure Storage

FEBRUARY 21, 2024

Operational Resilience for Financial Services: The View from APAC by Pure Storage Blog Across the globe, regulators and business leaders in financial services are increasingly paying attention to the area of operational resilience (OR).

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Financial Services Resilience Audit Authorization 59