Pure Storage

FEBRUARY 8, 2022

The emergence of RegTech solutions has been a lifesaver for many financial services firms as the proliferation of data, increasing sophistication of bad actors, and ever-more complex regulatory requirements make compliance more complicated and more costly. Adopting new RegTech solutions isn’t without its challenges, however.

Financial Services 52

Financial Services Architecture Risk Management Technology 52

Pure Storage

MAY 25, 2022

Financial services firms are rapidly adopting public cloud services because they recognize the potential for greater flexibility, scalability, cost management, and security than their existing solutions can offer. One way to address these limitations is through the utilization of Bare Metal as-a-Service, Powered by Pure.

Financial Services 52

Financial Services Marketing Application Pandemic 52

Fusion Risk Management

DECEMBER 15, 2021

Factoring in digital business acceleration, an expanding vendor ecosystem, and emerging risks, building and demonstrating resilience is increasingly complex. In Fusion’s latest roundtable, executives from top financial services firms came together to discuss and share their experiences on their resilience journey.

Financial Services 52

Financial Services Data Recovery Resilience Continual Improvement 52

Solutions Review

SEPTEMBER 9, 2021

Solutions Review’s listing of the best risk management software is an annual mashup of products that best represent current market conditions, according to the crowd. To make your search a little easier, we’ve profiled the best risk management software providers all in one place. The Best Risk Management Software.

Risk Management 98

Risk Management Management Audit Hospitality 98

LogisManager

MAY 9, 2023

Silicon Valley Bank (SVB) Failures in Risk Management: Why ERM vs GRC By Steven Minsky | May 5, 2023 Silicon Valley Bank (SVB) was closed by regulators and reminded us of the recession associated with Lehman Brothers and Washington Mutual Bank in 2008. However, the evidence was inconclusive so their strategy continued unchanged.

Banking 98

Banking Risk Management Management Corporate Governance 98

Pure Storage

JANUARY 11, 2024

5 Key Takeaways from the EU’s Digital Operational Resilience Act (DORA) by Pure Storage Blog In our recent white paper, “ Strengthening Operational Resilience in Financial Services , ” we explore how operational resilience (OR) has emerged as one of the most important issues in the financial industry.

Resilience 117

Resilience Financial Services Banking Cybersecurity 117

Reciprocity

AUGUST 18, 2022

Enterprise risk management (ERM) is critical for success in the modern business landscape. Your ERM program should encompass all aspects of risk management and response in all business processes, including cybersecurity, finance, human resources, risk management audit , privacy, compliance, and natural disasters.

Risk Management 52

Risk Management Management Mitigation Strategic 52

Fusion Risk Management

MARCH 14, 2022

Building on our 2021 roundtables where we examined how firms are revisiting their approaches to operational resilience , this March we gathered a community of executive leaders in financial services to examine how firms are putting that thought into practice and adapting their culture, processes, and systems to build a more resilient tomorrow. .

Financial Services 40

Financial Services Resilience All-Hazards Vulnerability 40

Reciprocity

MARCH 28, 2022

Enterprise risk management is critical for business success. The fundamental components of ERM are evaluating significant risks and applying adequate responses. Factor analysis of information risk (FAIR) provides a common risk mitigation vocabulary to help you to address security practice weaknesses.

Risk Management 52

Risk Management Management Mitigation Strategic 52

Reciprocity

NOVEMBER 5, 2021

The modern corporate organization faces a host of risks that can affect operational efficiency and regulatory compliance. Simple awareness is not enough to stay ahead of these risks. You must find ways to manage, mitigate, accept, or transfer these risks. Here’s where enterprise risk management (ERM) comes in.

Risk Management 52

Risk Management Management Audit Strategic 52

Reciprocity

MARCH 24, 2022

Vendor risk management (VRM), a part of vendor management, is the process of identifying, analyzing, monitoring, and mitigating the risks that third-party vendors might pose to your organization. Third-party risk management begins with due diligence before signing a contract, as with any risk management program.

Risk Management 52

Risk Management Management Audit Cybersecurity 52

LogisManager

MAY 20, 2021

Colonial Pipeline Hack: Failure in Risk Management. With strong Enterprise Risk Management (ERM), nearly 100% of all liabilities can be avoided. ERM fosters effective governance programs that identify and prevent system misconfigurations, poor patch management practices and weak password management.

Risk Management 64

Risk Management Management Authentication Hospitality 64

CIO Governance

NOVEMBER 23, 2021

Compliance is a fact of life for just about every company — especially in highly regulated industries such as healthcare, financial services, and government. And while compliance is often under the mantel of legal, compliance, risk management, or other departments, IT is certain to be involved in any organization’s compliance efforts.

Financial Services 134

Financial Services Healthcare Risk Management Government 134

FS-ISAC

MARCH 5, 2024

Notes from our Discussion with Beate Quantifying Risk The possibility of accurately and precisely quantifying risk is a matter of some debate among CISOs. In one sense, such metrics are available, insofar as they apply to the link between cyber risks and financial services organizations’ capital reserves.

Financial Services 72

Financial Services Risk Management Cybersecurity Strategic 72

The Failover Plan Podcast

DECEMBER 14, 2020

Today on the podcast, we’re talking with James MacDonnell - Director, Crisis Management and Business Continuity at BDO USA. He has designed enterprise risk management, business continuity and crisis management programs involving diverse stakeholders in support of commercial, national security and military clients.

Business Continuity 130

Business Continuity Crisis Management Hospitality Sports 130

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

The Failover Plan Podcast

SEPTEMBER 7, 2020

James has spent the majority of his career in the financial services industry and has worked on risk events that have occurred all over the globe, whether it was civil unrest in Egypt during the Arab Spring or typhoons in the Pacific Rim.

Business Continuity 130

Business Continuity Disaster Recovery Outsourcing Financial Services 130

Pure Storage

JANUARY 26, 2022

When it comes to regulation, the financial services industry has faced an unrelenting increase in the number of rules and obligations over the past several years, including Know Your Customer (KYC) / Anti-Money Laundering (AML), fraud protection, trade monitoring, privacy, and more. This is the first blog post in a series on RegTech.

Financial Services 59

Financial Services Fashion Technology Risk Management 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. Risk Management. Supply Chain Management and Third-Party Risk.

Resilience 52

Resilience Financial Services Outsourcing Audit 52

Fusion Risk Management

MARCH 8, 2023

There was plenty of engagement from financial services organizations, technology and data service providers , and health insurance organizations. Not to the surprise of many, the financial services industry is further along in their journey due to evolving regulations.

Financial Services 52

Financial Services Risk Management Application Resilience 52

The Failover Plan Podcast

NOVEMBER 16, 2020

James has spent the majority of his career in the financial services industry and has worked on risk events that have occurred all over the globe, whether it was civil unrest in Egypt during the Arab Spring or typhoons in the Pacific Rim.

Logistics 130

Logistics Outsourcing Authorization Business Continuity 130

Pure Storage

OCTOBER 17, 2024

If we have to do something, let’s make it useful,” said Rob Glanzman, Global Strategic Alliances Principal Architect, Financial Services, Pure Storage, in a recent webinar: “ Compliance as a Catalyst: Transforming Regulatory Challenges into Opportunities.” There’s a lot to be said about turning compliance into a competitive advantage.

Cyber Resilience 124

Cyber Resilience Resilience Financial Services Audit 124

PagerDuty

JUNE 26, 2024

a number of people have asked if I could give more practical advice on how the PagerDuty Operations Cloud can play a part in helping firms in the Financial Services Industry (FSI) to meet their obligations under DORA. Since I wrote DORA vs DORA! , Let me try to do that now. Finally, there’s one overarching point worth making.

Resilience 52

Resilience Financial Services Alert Response Plan 52

Fusion Risk Management

DECEMBER 12, 2022

While financial services firms as well as technology and data service providers are accelerating their journey due to new and evolving regulations, it does not change the fact that resilience is everyone’s job – no matter what industry you’re in. The Relationship with Third-Party Risk Management Needs Some Work.

Resilience 52

Resilience Financial Services Risk Management Business Services 52

Fusion Risk Management

NOVEMBER 14, 2023

Compass 2023 provided an open forum for our customers to discuss their evolving business continuity and risk management programs as well as share their challenges, successes, and unique approaches to building robust resilience practices. Three key themes in this vein dominated the Compass conversation this year: 1.

Business Continuity 59

Business Continuity Risk Management Resilience Financial Services 59

Pure Storage

JUNE 6, 2023

Once companies are required to be in compliance with DORA in early 2025, banks’ responsibilities for operational risks will expand to include protection, detection, containment, recovery, and repair capabilities against information and communication technologies (ICT) incidents. The key metric of success was a low cost of ownership.

Banking 97

Banking Resilience Financial Services Architecture 97

Advancing Analytics

AUGUST 26, 2021

A report by Citigroup , showed that after the technology sector, the financial services industry is the biggest spender on AI services and is experiencing exponential growth. Therefore, keeping on top of fraud is critical to a financial institution's existence. Risk Management. Hyper-personalisation.

Financial Services 52

Financial Services Banking Insurance Insurance 52

Fusion Risk Management

JANUARY 24, 2023

This past year, we also saw increased interest from organizations outside of banking and financial services in learning how to apply operational resilience concepts within their programs. 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

FS-ISAC

JULY 1, 2021

In 2021, the digitization of financial services that was hastened by the pandemic is past the point of no return. This radical and rapid expansion of the financial sector’s attack surface has meant that cybersecurity is increasingly front and center, not only of risk management but also of competitive considerations.

Banking 52

Banking Financial Services Cybersecurity Risk Management 52

Fusion Risk Management

DECEMBER 4, 2023

In an era of constant change, the risks and threats to global organizations never sleep. Today’s practitioners recognize that they need dynamic risk management , operational resilience, and business continuity (BC) programs – and they need to be agile in implementing them.

Business Continuity 52

Business Continuity Resilience Risk Management Financial Services 52

Risk Management Monitor

MARCH 4, 2022

Concerns about escalating cyber activity around the crisis are a vivid reminder of the importance of knowing your threat model and adjusting your risk management priorities accordingly. Check it out here: [link].

Management 56

Management Malware Cybersecurity Insurance 56

FS-ISAC

NOVEMBER 8, 2021

The rapid digitization in financial services as well as the new ways of working spawned by the pandemic have created new risks that either did not exist or were not material before. Second, regulators are increasingly indicating that ultimate accountability for cyber risk management rests with the board.

Cybersecurity 75

Cybersecurity Financial Services Risk Management Benchmark 75

Fusion Risk Management

DECEMBER 1, 2021

In the case of a financial services company, their critical vendor might be the core processor; for a manufacturing company, it might be their top supplier. During vendor risk assessments, there are numerous different types of rating scales that companies use on third parties.

Outsourcing 52

Outsourcing Alert Financial Services Mitigation 52

Solutions Review

SEPTEMBER 27, 2021

AuditBoard also streamlines audit, risk, and compliance programs with an enterprise workflow engine purpose-built to automate interaction across those three lines. Enablon also allows users to establish, manage, and track Key Risk Indicators (KRIs) and Key Performance Indicators (KPIs) to better meet objectives. Navex Global.

Government 92

Government Audit Risk Management Hospitality 92

LogisManager

FEBRUARY 10, 2022

That’s why it’s more important than ever to ensure you’re taking the right steps to use it to your advantage, which all starts with strong risk management. In the banking industry, managing reputational risk is a complex and ongoing discipline. Just like any business, banks face a myriad of risks.

Banking 52

Banking Risk Management Strategic Evaluation 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

SEPTEMBER 12, 2022

Even if it is difficult to use that regulatory hammer to secure funding for budget to purchase technology, this should not stop a progressive organization from using effective risk management disciplines to run their programs and serve their customers. Or, as so well articulated by the great British writer C. How Can Fusion Help? .

Resilience 52

Resilience Insurance Insurance Outsourcing 52