Fusion Risk Management

AUGUST 7, 2023

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. Can the work be deferred?

All-Hazards 52

All-Hazards Hazard Business Services Disaster Preparedness 52

Castellan

SEPTEMBER 14, 2022

From there, you can use that information to prioritize what’s most important and then focus on mitigation and remediation. We recommend a five-step framework that looks like: Identify important business services. Before we dive into impact tolerance, it’s important to understand how it’s connected with operational resilience.

Resilience 52

Resilience Capacity Business Services Vulnerability 52

Fusion Risk Management

JUNE 15, 2023

Involving every stakeholder from the very beginning is one actionable way to mitigate these issues. Map out their dependencies and make sure to understand what the impact would be for each should that service experience a disruption. Ask yourself: which are the most important in delivering our products/services to our customers?

Resilience 52

Resilience Mitigation Crisis Management Business Services 52

PagerDuty

JULY 12, 2022

When an incident begins, you need to get up to speed as quickly as possible to begin making decisions on how to best mitigate impact. One way to glean this information is by understanding Service Dependencies. Part of working flexibly means having critical incident context at your disposal during the moments that matter most.

Application 97

Application Alert Mitigation Business Services 97

Fusion Risk Management

AUGUST 27, 2024

Fusion Helps Organizations Achieve Operational Resilience with Integrated Solutions Over the span of nearly two decades, Fusion has helped hundreds of global organizations balance a complex agenda, mitigate changing operational risks , and a dapt with agility in the face of continuous change. Ready to Enhance Your Organizational Resilience?

Resilience 52

Resilience Mitigation Evaluation Crisis Management 52

PagerDuty

FEBRUARY 22, 2022

Driving a huge organizational shift in the way financial service companies work requires an alignment across people, tools, and processes. . Financial service organizations found themselves faced with additional challenges as they began their cloud migration journeys.

Financial Services 64

Financial Services Architecture Audit Outage 64

LogisManager

NOVEMBER 9, 2021

Using Contracts to Mitigate Vendor Risk. Every vendor presents some amount of risk to your organization, and what is a contract if not a control to help mitigate that risk? How can your legal team be sure that they’re including the appropriate clauses to mitigate the risk if they don’t understand the risk that is present?

Management 52

Management Risk Management Mitigation Disaster Recovery 52

Fusion Risk Management

DECEMBER 12, 2022

Then, prioritize the services that, if disrupted, would impact that promise. Map important services – Identify the necessary people, processes, technology, and information required to deliver each important business service. Ask yourself: What is the process chain that delivers this overall service?

Resilience 52

Resilience Financial Services Risk Management Business Services 52

Fusion Risk Management

MAY 12, 2022

So, how might the new operational resilience methodologies and requirements help us to mitigate future harm? In mapping all the important business services, many resilience managers reported finding themselves overwhelmed by the amount of data that required capture and analysis. Speed of Response.

Failover 52

Failover Resilience Crisis Management Mitigation 52

Fusion Risk Management

JANUARY 20, 2022

Organizations must understand how their business works, how it breaks, and how to put it back together again. By identifying what application sites, processes, and people are critical in delivering important business services and products, you can really focus on what matters and cut through the chaos.

Resilience 52

Resilience Pandemic Mitigation Risk Management 52

CCEM Strategies

SEPTEMBER 27, 2023

When relying on transportation, here are the key areas to include when conducting your business impact analysis, so you can minimize interruption and maintain continuity of your critical business services. 

Transportation 64

Transportation Pandemic Business Continuity Impact Analysis 64

Fusion Risk Management

JANUARY 5, 2023

While the methodology or framework for resilience may differ, the expectations are clear: businesses must adapt to the changing environment, mitigate potential impact, and continue to deliver important services to customers.

Resilience 52

Resilience Financial Services Outsourcing Audit 52

Fusion Risk Management

APRIL 28, 2022

In addition to traditional business continuity programs , companies must also be monitoring what the disruption means for their IT disaster recovery programs so that critical applications and equipment can be recovered effectively and efficiently to support the most important business services. regardless of disruptions ?

Disaster Recovery 52

Disaster Recovery Communications Logistics Hospitality 52

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?

Resilience 52

Resilience Insurance Insurance Outsourcing 52

Castellan

SEPTEMBER 21, 2022

The reality is that your operational resilience program should be the overarching strategy that incorporates business continuity management, as well as disaster recovery, crisis management, and other programs designed to seek out and mitigate potential business disruptions. Overcoming Challenges.

Resilience 52

Resilience Financial Services Disaster Recovery Crisis Management 52

Fusion Risk Management

NOVEMBER 27, 2023

They also emphasize the need for organizations to strengthen their business continuity (BC) and operational resilience programs as well as prioritize agility to mitigate emerging threats and ensure compliance with global regulatory mandates.

Resilience 52

Resilience Risk Management Financial Services Business Continuity 52

Pure Storage

JULY 5, 2023

Nevertheless, they do happen and usually at the most unexpected of times, so we need to be prepared and have the procedures and processes in place to recover business services quickly. Whatever it may be, we want to mitigate risk by running our business at the DR site while the work takes place at the primary site.

Failover 52

Failover Outage Disaster Recovery BCP 52

Fusion Risk Management

FEBRUARY 7, 2023

Globally speaking, general requirements of all financial services firms include the ability to map their important or critical business services and interrogate all of the processes, assets, and resources that support those services, both in house and in their supply chain.

Financial Services 52

Financial Services Resilience Crisis Management Vulnerability 52

PagerDuty

JULY 18, 2022

Customer Service Agent can check on the health of digital assets via an internal Status Dashboard located directly in the helpdesk ticketing system UI. If the technology issue is unknown to the Technical Teams, Customer Service creates and triages an “Incident” to the team responsible for a specific Business Service.

Communications 52

Communications Technology Financial Services Outage 52

Pure Storage

DECEMBER 15, 2021

Cyber threats, including the current wave of ransomware attacks , have changed the data protection landscape forever—evolving the discussion from “time to back up” (to meet backup windows and retention policies) to “time to recover” (to restore business service and comply with regulatory requirements).

Backup 59

Backup B2B Insurance Insurance 59

Reciprocity

OCTOBER 9, 2024

Its inception aimed at creating a unified set of standards, objectives, and terminologies to enhance information security and mitigate the consequences of cyberattacks. Each function is a high-level goal aimed at managing and mitigating cybersecurity risk. Incidents are mitigated. Incidents are contained.

Cybersecurity 40

Cybersecurity Audit Risk Management Vulnerability 40

Reciprocity

OCTOBER 9, 2024

Its inception aimed at creating a unified set of standards, objectives, and terminologies to enhance information security and mitigate the consequences of cyberattacks. Each function is a high-level goal aimed at managing and mitigating cybersecurity risk. Incidents are mitigated. Incidents are contained.

Cybersecurity 40

Cybersecurity Audit Risk Management Vulnerability 40