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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. With increasing disruptions caused by cyberattacks, supply chain issues, and evolving regulations, businesses need robust frameworks to protect critical services and maintain customer trust.

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The Importance of Building a Culture of Trust and Compliance

Fusion Risk Management

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. Circling back to third-party risks, fines for violating sanctions can range from $90,000-$1.5

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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? Ability to Procure Cyber Insurance.

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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. Not to the surprise of many, the financial services industry is further along in their journey due to evolving regulations.

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

Fusion Risk Management

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. Start with a risk assessment to determine how or if the DORA will affect your business as a covered financial entity or TSP .