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3 Ways to Drive Value within Your Third-Party Risk Management Program and Beyond

Fusion Risk Management

A ccording to Deloitte’s global third party risk management survey 2022 , 73% of respondents reported having a high level of dependency on third parties – a nd that reliance is predicted to continuously increase which , in turn, means ongoing related challenges.

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Geopolitics, regulations, and resilience

Fusion Risk Management

The latest crisis in the Middle East, the ongoing war in Ukraine, tensions over trade and technology – these are only some of the most acute geopolitical events to arise in recent times. The foundation of risk management Truly resilient programs are built on the foundations of your risk management and business continuity strategies.

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Reviewing the Five Types of Risk 

MHA Consulting

During COVID, business tended to focus on only two of the five risk types; however, organizations that want to prosper over the long term need to be cognizant of and plan for all five kinds of risk. The wise organization develops strategies and plans to mitigate and prepare for all five types of risk.

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Introducing Fusion’s AlertMedia Connector

Fusion Risk Management

You need to be able to quickly identify key risks and disruption and highlight when and where to activate response strategies immediately. Leverage real-time, two-way messaging capabilities to connect with key personnel, third parties , and customers in seconds – keeping them safe and informed during crisis events.

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Introducing Fusion’s Dynamic Response Console

Fusion Risk Management

How many different plans need to be activated, and in what order? Activate the right response when it matters most with Dynamic Response Console. Clearly identify applications, departments, and more that need to be recovered in a disruptive event and generate responses based on foundational data in Fusion. Activate Response.

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Managing Cyberthreats to Combat Ransomware Part 3: Cybersecurity Frameworks

Zerto

When an organization understands the business context, resources that support critical functions, and related cybersecurity risks, it can focus and prioritize its risk management strategy and business needs. Protect —Safeguards delivery of critical services, limiting or containing the impact of a potential cybersecurity event.

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When You Can’t Rely on a Crystal Ball, Elevate and Invest in Resilience

Fusion Risk Management

Organizations are facing the layering of complex events, making it nearly impossible to predict what’s coming next. Your business continuity plans are long and specific to an event – but not this event. Fully understanding the situation, gathering everything you need, and activating your response can take too long.