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

DECEMBER 12, 2022

So, here are five trends that consistently came up during the roundtable and our attendee poll: Business Continuity Program Executive Ownership Remains Dispersed. The Relationship with Third-Party Risk Management Needs Some Work. Then, prioritize the services that, if disrupted, would impact that promise.

Resilience 52

Resilience Financial Services Risk Management Business Services 52

Fusion Risk Management

APRIL 20, 2022

By March 31, 2022 firms needed to identify their important business services, map dependencies, and set impact tolerances. Engage your business along your resilience journey. Reach out to your Account Manager to learn more about this new integration! Build a connected view of your organization.

Resilience 52

Resilience Authorization Banking Account Manager 52

Castellan

DECEMBER 21, 2021

How do we shift organizational focus from one-off plans and programs to a holistic approach that encapsulates risk and critical services to ensure survivability when faced with a constantly changing and expanding threat landscape? See How Boards are Prioritizing Resilience. DOWNLOAD REPORT. The Balancing Act.

Resilience 98

Resilience Pandemic Risk Management Business Continuity 98

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. The post Customer Insights 2023: Fusion’s February Community Exchange Round Up appeared first on Fusion Risk Management.

Financial Services 52

Financial Services Risk Management Application Resilience 52

Fusion Risk Management

NOVEMBER 27, 2023

Numerous insights came out of the session that leaders and practitioners should leverage to strengthen their own business continuity and operational resilience programs. As a result, a financial services provider on the panel said that his organization is now focused on integrating TPRM strategies alongside cloud migration projects.

Resilience 52

Resilience Risk Management Financial Services Business Continuity 52

Fusion Risk Management

JANUARY 5, 2023

Increasingly, financial services supervisory authorities are seeking to ensure that the third parties that are supporting a firm’s important business services meet all resilience requirements. Risk Management. To meet the DORA’s standards, firms must update their technology risk management governance.

Resilience 52

Resilience Financial Services Outsourcing Audit 52

Fusion Risk Management

APRIL 5, 2023

But, with the invention of a crystal ball not on the horizon, organizations need an alternate way to gain a complete view of their important business services and be better prepared to prevent a potential disruption before it materializes. Where should I focus my efforts?

Resilience 59

Resilience Banking Strategic Vulnerability 59

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. appeared first on Fusion Risk Management.

All-Hazards 52

All-Hazards Hazard Business Services Disaster Preparedness 52

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

Resilience 52

Resilience Authorization Gap Analysis Risk Management 52

Plan B Consulting

MAY 17, 2023

Operational Resilience is a fundamental part of future-proofing businesses, furthermore, if your business has a robust operational resilience capability it will also bring many strategic benefits, particularly around cost reduction, organisation agility and the overall customer experience.

Resilience 52

Resilience Business Services Risk Management Consulting 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? Or, as so well articulated by the great British writer C.

Resilience 52

Resilience Insurance Insurance Outsourcing 52

PagerDuty

JUNE 26, 2024

Robust ICT risk management Under ICT risk management, DORA mandates the establishment of strong incident management processes. This radically reduces the mean time to restore (MTTR) the service. This is really PagerDuty’s raison d’etre so I’ll try to be succinct.

Resilience 52

Resilience Financial Services Alert Response Plan 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. appeared first on Fusion Risk Management.

Manufacturing 52

Manufacturing Logistics Transportation Vulnerability 52

Fusion Risk Management

JANUARY 24, 2023

After all, Operational Resilience is not limited to the financial services industry. A “Resilience Hub” or platform is a best-practice approach that we see many firms take to develop a common operating language and to centralize all management, protection, and reporting against their important business services.

Resilience 52

Resilience Financial Services All-Hazards Banking 52

Fusion Risk Management

AUGUST 27, 2024

Resource Mapping – Map your resources to your critical or important business services. How can we mitigate these risks and ensure business continuity?

Resilience 52

Resilience Mitigation Evaluation Crisis Management 52

Fusion Risk Management

JUNE 15, 2023

While each business is unique, those who have had a more successful approach to resilience and compliance tend to follow this similar methodology: Identify your critical business functions Begin by identifying what your individual critical business services are.

Resilience 52

Resilience Mitigation Crisis Management Business Services 52

LogisManager

NOVEMBER 9, 2021

From the perspective of our Product team, the challenges of risk and compliance professionals are at the forefront. This collaborative group of developers, designers, lawyers and former risk managers uses those insights, along with rigorous R&D, to inform the way LogicManager works.

Management 97

Management Mitigation Disaster Recovery Publishing 97

Fusion Risk Management

MAY 12, 2022

At Marcus Evans’s Operational Resilience In The Financial Sector conference, a session was held that was led by Vicki Gavin of Kaplan International with panel members Rich Cooper of Fusion Risk Management and Stella Nunn of PwC, taking the discussion forward. Pinpointing the Moment of Impact. 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

LogisManager

NOVEMBER 9, 2021

2021 Gartner® Magic Quadrant for IT Vendor Risk Management Tools. From the perspective of our Product team, the challenges of risk and compliance professionals are at the forefront. While everyone is successfully doing their individual jobs, the overall job of true vendor management is still not being done.

Management 52

Management Risk Management Mitigation Disaster Recovery 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

Pure Storage

FEBRUARY 21, 2024

To comply, a financial institution must adopt a holistic view of critical processes as well as dependencies with third-party vendors and partners for the delivery of critical business services. Financial firms will be required to demonstrate these capabilities through plans, testing, and reports.

Financial Services 59

Financial Services Resilience Audit Authorization 59

PagerDuty

MARCH 4, 2024

.” Of course, FS firms were already on this path–OR helps them deliver their business in a consistent way, gives them competitive advantage and maintains their reputation. The FS firm must reassess these important services regularly and also whenever there is a significant change to their business or the market in which they operate.

Financial Services 52

Financial Services Banking Marketing Resilience 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

Castellan

OCTOBER 18, 2021

Risk analysis and continuous risk management will also play important roles, as well as prioritizing risk management and risk response. Delivering the planning at the business service level requires some degree of mapping of those business services,” Crask explained.

Business Continuity 52

Business Continuity Resilience Pandemic Financial Services 52

Fusion Risk Management

MARCH 14, 2022

While we know that complying with it will take considerable time and investment, you are to an extent future proofing your business. You’re investing to make sure your important business services can withstand the unknown. That future proofing element is vital because you can’t always predict what is going to happen.

Financial Services 40

Financial Services Resilience All-Hazards Vulnerability 40

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. new business services, business processes, business lines, etc.).

Continuity Planning 52

Continuity Planning Business Continuity BCP BCM 52

Pure Storage

JANUARY 18, 2024

Financial firms are constantly on the lookout for data platforms that offer better performance, scalability, and reliability for their quant analysts, data scientists, risk managers, and others supporting their trading teams.

Benchmark 64

Benchmark Architecture Capacity Audit 64

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