Fusion Risk Management

NOVEMBER 19, 2024

A notable incident in 2018 involved a significant IT failure at UK bank TSB, prompting detailed reviews by UK regulators. The Prudential Regulation Authority (PRA), Bank of England (BoE), and Financial Conduct Authority (FCA) jointly issued stringent regulations to mitigate systemic risks and contain potential crises.

Resilience 59

Resilience Banking Vulnerability Crisis Management 59

Erwood Group

MARCH 30, 2023

While the Bank itself bears the bulk of the responsibility for its own demise, in this article we are going to look at the multiple factors leading to the collapse of Silicon Valley Bank. Formed in 1983, Silicon Valley Bank (SVB) was founded to provide financial services to startups, venture capitalists, and technology companies.

Banking 59

Banking Impact Analysis Risk Management Marketing 59

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

MHA Consulting

AUGUST 6, 2024

What is Operational Risk Management (ORM)? Operational risk is a component of every organization that reflects the unavoidable fact that assets, processes and people can fail. Examples of these risks are more common than you may believe. What is the Scope of Operational Risk Management?

Risk Management 52

Risk Management Management Telecommunications Outsourcing 52

The Failover Plan Podcast

AUGUST 24, 2020

Jose has been leading BC programs at Peruvian companies within the pension funds, insurance and banking industries. . Garay has a solid understanding of business continuity, disaster recovery and risk management. Garay, a Business Continuity professional with more than 20 years of experience in the financial sector in Peru.

Business Continuity 130

Business Continuity Banking Insurance Insurance 130

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

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 Mitigation Manufacturing 52

MHA Consulting

AUGUST 6, 2024

The Client : The client is a leading financial risk management organization to the major banking and financial institutions across the United States. The organization is highly regulated and must meet stringent Business Continuity Planning (BCP) guidelines for financial institutions as well as those of its customers.

Crisis Management 52

Crisis Management Risk Management BCP Management 52

LogisManager

MAY 16, 2023

In this panel discussion, Mitch Wilson, Manager of Customer Advocacy at LogicManager, Echo Payton-Brown, SVP of Enterprise Risk Management at WaFd Bank, and Steven Minksy, CEO of LogicManager, discuss the emerging trends in risk management and the impact of recent news headlines. Watch On-Demand Here:

Risk Management 52

Risk Management Banking Management Marketing 52

LogisManager

MAY 16, 2023

In this panel discussion, Mitch Wilson, Manager of Customer Advocacy at LogicManager, Echo Payton-Brown, SVP of Enterprise Risk Management at WaFd Bank, and Steven Minksy, CEO of LogicManager, discuss the emerging trends in risk management and the impact of recent news headlines.

Risk Management 52

Risk Management Management Banking Marketing 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

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. While business task automation (BTA) offers companies a new way to manage workflows, it also comes with new risks.

Mitigation 52

Mitigation Risk Management Audit Backup 52

Behavior Group

FEBRUARY 18, 2019

ransomware, banking trojans, malicious t’s Q4 threat report found that banking trojans accounted for 56% of all malicious payloads in email in Q4, while remote access trojans (RATs) accounted for 8.4%. The post Ransomware Sees Further Decline, Banking Trojan Use Steps Up appeared first on Behaviour Portugal.

Banking 52

Banking Risk Management Security Management 52

LogisManager

MAY 11, 2023

IMPACT 2023 Conducting Enterprise Risk Management with the Three Lines of Defense Duration: 38 Minutes Presenter: Patrick Edwards, Enterprise Risk Officer, Centennial Bank In this session, Patrick Edwards from Centennial Bank shares his experience in conducting enterprise risk management with the Three Lines of Defense.

Risk Management 52

Risk Management Banking Management 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. This includes risk management, compliance, and internal control departments.

Risk Management 52

Risk Management Audit Management Banking 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

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 11, 2023

Echo covers her story of starting out as a one-person risk management department to building out the robust department she oversees today, and speaks to how she leveraged LogicManager to demonstrate the importance of supporting risk management resources to her board of directors.

Risk Management 52

Risk Management Banking Management 52

MHA Consulting

AUGUST 6, 2024

What is Operational Risk Management (ORM)? Operational risk is a component of every organization that reflects the unavoidable fact that assets, processes and people can fail. Examples of these risks are more common than you may believe. What is the Scope of Operational Risk Management?

Risk Management 40

Risk Management Management Telecommunications Outsourcing 40

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

everbridge

MARCH 7, 2025

Organizations must take a proactive approach to supply chain risk management, ensuring they have redundancy plans in place. Civil unrest and public safety risks Social and political movements have increasingly led to disruptions, affecting businesses, city infrastructure, and workforce mobility.

Resilience 52

Resilience Security Emergency Response Emergency Response 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

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

MHA Consulting

AUGUST 6, 2024

The Client : The client is a leading financial risk management organization to the major banking and financial institutions across the United States. The organization is highly regulated and must meet stringent Business Continuity Planning (BCP) guidelines for financial institutions as well as those of its customers.

Crisis Management 40

Crisis Management Risk Management BCP Management 40

Fusion Risk Management

SEPTEMBER 29, 2021

Are you ready for the new Bank of England, PRA, and FCA regulatory requirements? Resilience-based approaches allow you to expand your focus on detecting patterns that may predict risk events or mature your capacity to contain them when they arise. appeared first on Fusion Risk Management. Take the assessment now!

Financial Services 98

Financial Services Banking Capacity Activation 98

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

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.

BCM 95

BCM Impact Analysis Business Continuity Banking 95

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

LogisManager

JULY 22, 2021

In 2020, we wrote about helping this bank channel chaos into creativity during the early days of the pandemic when there was an influx of PPP loan requests (check out the full story here ). It’s important for all organizations to have a Business Continuity Plan (BCP) in place, but in the banking industry, it’s critical. Introduction.

BCP 94

BCP Outage Continuity Planning Pandemic 94

LogisManager

OCTOBER 16, 2023

Customer Value Story: Streamlining Audit Management Last Updated: October 16, 2023 A LogicManager customer in the banking industry, despite a small auditing team, faced challenges managing audit tasks efficiently using spreadsheets. Improve the efficiency and effectiveness of your audit management program.

Audit 52

Audit Banking Management Strategic 52

LogisManager

OCTOBER 16, 2023

Customer Value Story: Streamlining Audit Management Last Updated: October 16, 2023 A LogicManager customer in the banking industry, despite a small auditing team, faced challenges managing audit tasks efficiently using spreadsheets. Improve the efficiency and effectiveness of your audit management program.

Audit 52

Audit Banking Management Strategic 52

Security Industry Association

AUGUST 1, 2022

When people hear the term “people analytics,” there can be some confusion, especially in the security industry, since the systems revolve around risk management and people. Risk management can help with assessing the threats and opportunities for the business. It is no longer good enough to assume people are doing okay.

Risk Management 98

Risk Management Strategic Pandemic Security 98

Fusion Risk Management

APRIL 5, 2023

The Impact of Ineffective Resilience Capabilities is Severe Imagine a bank that experiences a catastrophic outage in its IT systems , preventing customers from accessing their accounts for several days. This is exactly what recently happened with TSB Bank and Applied Materials. million customers.

Resilience 59

Resilience Banking Strategic Vulnerability 59

FS-ISAC

JULY 1, 2021

This radical and rapid expansion of the financial sector’s attack surface has meant that cybersecurity is increasingly front and center, not only of risk management but also of competitive considerations. CISO Seng Wei Keng says his firm thinks of itself as more of a tech company than a bank.

Banking 52

Banking Financial Services Cybersecurity Risk Management 52

LogisManager

MAY 16, 2023

LogicManager founder and CEO Steven Minsky covers the topics above in his keynote address and highlights three ways to prepare for 2024 and beyond: Engage your Risk Committee and Board of Directors with the RMM Use Risk Management to prepare for what’s ahead Cut your vendor spend while increasing your security Watch On-Demand Here: Related Content (..)

Banking 52

Banking Risk Management Management Security 52