Fusion Risk Management

APRIL 5, 2023

In today’s world, organizations face unprecedented challenges that require a new approach to resilience. Organizations that embrace, invest in, and elevate resilience as a strategic priority are able to more proactively sense issues, analyze vulnerabilities, and adapt to the evolving environment. million customers.

Resilience 59

Resilience Banking Strategic Vulnerability 59

Fusion Risk Management

JANUARY 5, 2023

Operational resilience has been top of mind for regulators and financial services firms for the past few years. The old way of managing risk and resilience programs is no longer effective or efficient, and regulators have taken note. The DORA centers around five principles that can lead to operational resilience.

Resilience 52

Resilience Financial Services Outsourcing Audit 52

Fusion Risk Management

AUGUST 27, 2024

While the technological and societal transformations underway are likely positive in the long term, they are also creat ing demand for new resilience measures. But how can you build resilience with in your organization? Operational Risk and Resilience Teams Need to Balance a Complex Agenda Now more than ever, resilience is essential.

Resilience 52

Resilience Mitigation Evaluation Marketing 52

Fusion Risk Management

JANUARY 20, 2022

Over the years, there have been different drivers of organizational change, but now there is a larger sense of urgency around resilience because – if you’ve learned anything over the past two years or so – disruption is business as usual. Resilience is no longer a “nice to have.” From Reactive to Proactive.

Resilience 52

Resilience Pandemic Mitigation Risk Management 52

Fusion Risk Management

NOVEMBER 3, 2022

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

Resilience 96

Resilience Cybersecurity Mitigation Risk Management 96

Fusion Risk Management

JANUARY 24, 2023

I visited many organizations throughout 2022 and observed varying maturity levels in programs on their journey to addressing regulatory and policy requirements related to Operational Resilience. In 2023, we will continue to see more non-financial services companies adopt operational resilience concepts and frameworks.

Resilience 52

Resilience Financial Services All-Hazards Disaster Recovery 52

Fusion Risk Management

AUGUST 18, 2022

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.

Resilience 52

Resilience Authorization Gap Analysis Risk Management 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? Investing in Risk and Resiliency is the Right Thing to Do.

Resilience 52

Resilience Insurance Insurance Outsourcing 52

Plan B Consulting

MAY 17, 2023

We are half way through BCAW and consultant Carly Clements presents her views on operational resilience. In today’s ever-changing and developing world that we are living in, Operational Resilience has never been more important than it is now. Operational Resilience is about how a business can deal with undesired events.

Resilience 52

Resilience Business Services Risk Management Consulting 52

PagerDuty

JUNE 26, 2024

When we talk to our customers about operational resiliency, three common themes come up: Teams don’t spend enough time on preventative design. Robust ICT risk management Under ICT risk management, DORA mandates the establishment of strong incident management processes.

Resilience 52

Resilience Financial Services Alert Response Plan 52

Fusion Risk Management

JUNE 15, 2023

With the twenty-four-month implementation period already underway, entities impacted by the Digital Operational Resilience Act (DORA) are beginning to implement best practices to drive compliance and operational resilience. It is important to recognize, however, that DORA is not simply a “check-the-box” compliance activity.

Resilience 52

Resilience Mitigation Crisis Management Business Services 52

Castellan

OCTOBER 18, 2021

Resilience. And, as a business continuity professional, have they changed in scope and complexity in the past year? Has the coronavirus pandemic altered the way you approach these for business? The Resilience Movement. The resilience movement unfolding now is about more than just planning for disruptions.

Business Continuity 52

Business Continuity Resilience Pandemic Financial Services 52

Fusion Risk Management

SEPTEMBER 27, 2022

Third – party risk management (TPRM) continues to be a focus area for both regulated and non-regulated entities alike in the operational resilience landscape. The reason being that t hird parties often introduce added risk to organizations outside the scope of their direct control. .

Financial Services 52

Financial Services Risk Management Outsourcing Strategic 52

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.

Financial Services 52

Financial Services Risk Management Application Resilience 52

Fusion Risk Management

MARCH 14, 2022

Industry websites are brimming with dos and don’ts and successes and failures pertaining to building more resilient operations, creating resilient cultures, and architecting the systems that support them. But where are firms in their journey to implementing more resilient operations?

Financial Services 40

Financial Services Resilience All-Hazards Vulnerability 40

Fusion Risk Management

AUGUST 7, 2023

With this in mind, it’s becoming increasingly important that organizations look at climate change and natural disaster preparedness not just from an ESG (environmental, social, and governance) perspective but also from an operational resiliency one. Should you train an additional office on the payroll processes in case of an incident ?

All-Hazards 52

All-Hazards Hazard Business Services Disaster Preparedness 52

Fusion Risk Management

MAY 12, 2022

Pandemics were on national risk registers and scenario exercised with national agencies in the UK and US just a couple of years prior; Russia annexed Crimea in 2014, setting itself up to be able to effectively target a resource rich Ukraine; and in borrowing so much during lockdown, we couldn’t avoid a state of rising inflation this year.

Failover 52

Failover Resilience Crisis Management Mitigation 52

Fusion Risk Management

MARCH 1, 2022

The Bank of England, as part of their operational resilience policy statement , continually outlined the need for institutions to ensure that they can continue to deliver their important business services during severe (or extreme) but plausible scenarios. So, what is the current reality related to the conflict in Ukraine?

Manufacturing 52

Manufacturing Logistics Transportation Vulnerability 52

PagerDuty

MARCH 4, 2024

Alternatively, and particularly in a Financial Services (FS) scenario, you’ll hear about DORA–the Digital Operational Resilience Act –which is a part of the European Union (EU) Digital Finance Package. Resiliency, availability and reputation directly impact the bottom line.

Financial Services 52

Financial Services Banking Marketing Resilience 52

Fusion Risk Management

FEBRUARY 7, 2023

If you ask most resilience students or apprenticeship trainees what their ultimate career goal position might be, heading up the global resilience team for financial services market leaders would likely be high up there. However, once you have reached those lofty echelons, you have a massive challenge on your hands.

Financial Services 52

Financial Services Resilience Crisis Management Vulnerability 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

Stratogrid Advisory

MAY 11, 2020

Proper business interruption coverage is a significant part of your risk management strategy and the vital part of the overall organization’s resiliency plan, but your organization should not solely rely on it. A data backup alone is not enough to ensure resiliency for the entire organization.

Continuity Planning 52

Continuity Planning Business Continuity BCP BCM 52

MHA Consulting

DECEMBER 15, 2022

The year 2022 saw the tapering off of the pandemic, the invasion of Ukraine by Russia, an ongoing wave of cyberattacks, continuing supply chain woes, and a renewed focus by organizations on identifying and protecting their most essential business processes. Not every business service is equally important.

BCM 52

BCM Business Continuity Disaster Recovery Outage 52

Reciprocity

OCTOBER 9, 2024

For almost ten years, NIST has been at the forefront of developing comprehensive cybersecurity risk management frameworks. SA – System and Services Acquisition: Acquiring systems and services that meet security requirements. Your enterprise manages its assets according to their priority. government contractors.

Cybersecurity 40

Cybersecurity Audit Risk Management Vulnerability 40

Reciprocity

OCTOBER 9, 2024

For almost ten years, NIST has been at the forefront of developing comprehensive cybersecurity risk management frameworks. SA – System and Services Acquisition: Acquiring systems and services that meet security requirements. Your enterprise manages its assets according to their priority. government contractors.

Cybersecurity 40

Cybersecurity Audit Risk Management Vulnerability 40

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. The EU followed with the Digital Operational Resilience Act (DORA). Another U.S.

Resilience 52

Resilience Risk Management Financial Services Business Continuity 52