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Impact tolerance in operational resilience: A guide for businesses  

everbridge

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?

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TSPs: Making the Case to Invest in Risk and Resiliency

Fusion Risk Management

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? Investing in Risk and Resiliency is the Right Thing to Do.

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

Castellan

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.

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The Digital Operational Resilience Act is Finalized – Now is the Time to Act

Fusion Risk Management

Operational resilience is not just another buzzword. It i s top of mind for business leaders and regulators around the world. Resilience enables agility when confronted by the chaos of our present world , and it protects against the disruption of critical customer – facing operations. Defining a Critical ICT.

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The Importance of Building a Culture of Trust and Compliance

Fusion Risk Management

This concept has cascaded to new regulatory obligations such as operational resilience requirements in the UK which have provisions that require an appointment of a responsible individual in charge of the program who has ultimate accountability. In the United States, that cost spikes to $9.4

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Top reasons why Business Continuity Planning is ignored!

Stratogrid Advisory

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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Customer Insights 2023: Fusion’s February Community Exchange Round Up

Fusion Risk Management

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.