everbridge
MARCH 6, 2025
Operational resilience has become a defining priority for organizations in sectors like finance and insurance, especially in the UK and Europe. With increasing disruptions caused by cyberattacks, supply chain issues, and evolving regulations, businesses need robust frameworks to protect critical services and maintain customer trust.
Stratogrid Advisory
MAY 11, 2020
Listed below are some of the most common justifications for not implementing a robust Business Continuity Management (BCM) Program : 1. We have business interruption insurance. The business interruption insurance will cover actual business loses and expenses associated with the restoration of business services.
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Fusion Risk Management
NOVEMBER 3, 2022
It is now common knowledge that your organization must invest in technology in order to build a defensible program that can demonstrate that you have appropriate oversight into your important business services. In the United States, that cost spikes to $9.4 million per violation, depending on the specific provision violated.
Fusion Risk Management
SEPTEMBER 12, 2022
Technology and data service providers (TSPs) have become critical contributors in the successful operations of every organization. Think about it: if your technology or data warehouse were to fail, could you continue running your most critical business services? Ability to Procure Cyber Insurance.
Castellan
MAY 26, 2022
The requirements include reviewing operational resilience capabilities, including mapping and testing for impact tolerances for important business services. While this is still within a relative stage of infancy, he noted generally positive movement for organisations effectively identifying their important business services.
Fusion Risk Management
MARCH 8, 2023
Processes, Dependencies, and Important Business Services This Community Exchange conversation brought some interesting insights to the forefront regarding the ways in which our customers structure their programs. Not to the surprise of many, the financial services industry is further along in their journey due to evolving regulations.
Fusion Risk Management
AUGUST 18, 2022
It also expands the scope of a regulator’s reach to those critical technology and data service providers that compose the digital footprint by which the important business services stand. The DORA will apply to 20 distinct types of existing regulated financial entities. Use technology to manage your ICT risk.
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