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Impact tolerance in operational resilience: A guide for businesses  

everbridge

With increasing disruptions caused by cyberattacks, supply chain issues, and evolving regulations, businesses need robust frameworks to protect critical services and maintain customer trust. The cost of disruptions Operational disruptions have direct consequences for businesses, with financial and reputational costs rising every year.

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Understand resiliency patterns and trade-offs to architect efficiently in the cloud

AWS Disaster Recovery

Firms designing for resilience on cloud often need to evaluate multiple factors before they can decide the most optimal architecture for their workloads. Before you decide to implement higher resilience, evaluate your operational competency to confirm you have the required level of process maturity and skillsets. Trade-offs.

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Product’s Perspective: True Risk: Why External Vendor Ratings are Only Half the Picture

LogisManager

Services are available to collect and review key vendor documents like contracts and SOC 2s, and they can even evaluate a vendor’s financial statements against its industry peers. Companies have continued to fall victim to risk management failures stemming from third-party vulnerabilities.

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Hurricane Season is in Full Effect ? Are You Prepared?

Fusion Risk Management

To help with this, it is crucial that organizations invest in operational resilience and business continuity programs so that risk practitioners can more easily identify their business processes, important business services, and the key personnel responsible for those.

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How to Build a More Resilient Organization: A Comprehensive Guide

Fusion Risk Management

Comprehensive Service Mapping: Gain a clear understanding of how your critical services are delivered and where potential failures may occur. Impact Assessment s : Evaluate the potential impact of disruptions and develop strategies to mitigate risks. The key is to be prepared for them.

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What’s Next After Completing Your Operational Resilience Self-Assessment?

Castellan

The Financial Conduct Authority (FCA) , the Bank of England (BoE) , and the Prudential Regulation Authority (PRA) announced these new requirements a year ago to improve the operational resilience of financial services in the UK. Going forward, organisations are expected to operate within those impact tolerances.

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PRA’s Operational Resilience Roadmap: Looking Ahead to the March 2025 Compliance Deadline

Castellan

Defining Important Business Services (IBS) and Impact Tolerances were the first major milestones with initial compliance dates of March 31, 2022. The PRA uses an example from payment services and highlights the different ways organizations have defined a business service.