Erwood Group

JANUARY 28, 2024

In times of crisis, a comprehensive business continuity plan ensures that every facet of the organization is resilient. Myth 2: Business Continuity Plans Are Only for Large Enterprises. Size doesn’t dictate the need for business continuity. Myth 5: Business Continuity is Too Expensive for Small Businesses.

Business Continuity 52

Business Continuity Disaster Recovery Continuity Planning Crisis Management 52

Plan B Consulting

MAY 30, 2022

During my visit, I was really impressed with the level of business continuity and the skills shown in the kingdom. I have only worked for two banks but both had ISO 22301. I am not sure how many banks in the UK have that particular standard. When I did the assessment this morning the score was pretty good.

Business Continuity 40

Business Continuity Banking Tourism Audit 40

Fusion Risk Management

APRIL 5, 2023

The Impact of Ineffective Resilience Capabilities is Severe Imagine a bank that experiences a catastrophic outage in its IT systems , preventing customers from accessing their accounts for several days. This is exactly what recently happened with TSB Bank and Applied Materials. million customers.

Resilience 59

Resilience Strategic Banking Vulnerability 59

MHA Consulting

MARCH 23, 2023

Collectively, these guidelines make up the FFIEC Business Continuity standard, whose purpose is to make sure the banks and other financial institutions that are required to follow it can continue to operate even if they are hit with a disruption. The FFIEC standard can be found here, and it’s completely free. Not even close.

BCM 74

BCM Impact Analysis Business Continuity Banking 74

Fusion Risk Management

MARCH 2, 2022

This list is not exhaustive and continues to evolve, but the core areas where sanctions have been applied include: Financial Institutions. The United States and its allies announced that certain Russian banks would be shut off from the Society for Worldwide Interbank Financial Communications (“SWIFT”).

Banking 52

Banking Telecommunications Government Resilience 52

Plan B Consulting

MARCH 27, 2021

In these two papers, the Bank of England and the FCA lay out how they want financial institutes to carry out a series of operational resilience activities to make the whole of the UK’s financial market more resilient, and that an incident in one organisation could have a major impact on other companies, leading to financial collapse.

Business Continuity 52

Business Continuity Resilience Banking Marketing 52

Plan B Consulting

MARCH 27, 2021

I am going to explore the definition and requirements put forward by the Bank of England’s Discussion Paper of 2018: Two key papers. Therefore, within our business continuity strategies, we can inflict some of the pain associated with the incident on our customers, by them knowing that it is difficult to find another supplier.

Business Continuity 52

Business Continuity Resilience Banking Marketing 52

Pure Storage

FEBRUARY 21, 2024

Concepts like service recovery time objectives (SRTOs) are mandated and regulations recognize that recovery plans must prioritize the order in which functions are restored in the event of a protracted and staged recovery process. Financial firms will be required to demonstrate these capabilities through plans, testing, and reports.

Financial Services 59

Financial Services Resilience Audit Authorization 59

BCP Builder

APRIL 20, 2020

All aspects of Business Continuity, including planning, training, stress testing and exercising of Business Continuity Plans will be seen as a priority. Many professionals in senior roles did not understand, nor even care to understand business continuity and organisational resilience strategies.

BCP 52

BCP Continuity Planning Business Continuity Pandemic 52

BCP Builder

APRIL 20, 2020

All aspects of Business Continuity, including planning, training, stress testing and exercising of Business Continuity Plans will be seen as a priority. Many professionals in senior roles did not understand, nor even care to understand business continuity and organisational resilience strategies. Work From Home.

BCP 52

BCP Continuity Planning Business Continuity Pandemic 52

Plan B Consulting

MAY 23, 2022

Business Continuity Awareness Week (BCAW) has been running this past week to raise awareness about the new hybrid work environment and how organisations need to rethink the way they embed, validate, and raise awareness amongst their staff of Business Continuity Plans. Last week I ran a SIMEX for a bank crisis management team.

Crisis Management 52

Crisis Management Management Banking Emergency Planning 52

Plan B Consulting

MAY 23, 2022

Business Continuity Awareness Week (BCAW) has been running this past week to raise awareness about the new hybrid work environment and how organisations need to rethink the way they embed, validate, and raise awareness amongst their staff of Business Continuity Plans. Last week I ran a SIMEX for a bank crisis management team.

Crisis Management 52

Crisis Management Management Banking Business Continuity 52

Managecast

MARCH 24, 2021

If you had to choose between all of the money in the bank or all of the data that your organization has, what would you choose? Now more than ever, we have seen why a good disaster recovery and business continuity plan is imperative. Why Should You Backup Your Data? Contact us here to get set up.

Backup 40

Backup Disaster Recovery Banking Pandemic 40

Fusion Risk Management

JUNE 13, 2022

Inflation is on the rise and to combat this, central banks are increasing interest rates. These professionals are adjusting their plans to account for these compound crises and are working to understand how their existing continuity plans can be impacted when faced with addressing multiple crises. And remember Covid?

Transportation 52

Transportation Pandemic Resilience Continuity Planning 52

Risk Management Monitor

MARCH 4, 2022

According to experts ranging from independent cybersecurity professionals to officials at the Cybersecurity and Infrastructure Security Agency (CISA), organizations at greatest risk right now include critical infrastructure , banks and other financial services firms, and of course key service providers in Ukraine or Russia.

Management 56

Management Malware Cybersecurity Insurance 56

Plan B Consulting

MAY 23, 2022

Business Continuity Awareness Week (BCAW) has been running this past week to raise awareness about the new hybrid work environment and how organisations need to rethink the way they embed, validate, and raise awareness amongst their staff of Business Continuity Plans. Last week I ran a SIMEX for a bank crisis management team.

Crisis Management 40

Crisis Management Management Banking Business Continuity 40

Plan B Consulting

SEPTEMBER 24, 2012

In the same way I didn’t imagine that as a result of the Ulster Bank / RBS/ Nat West incident, companies could have their bank accounts ‘locked’ for several weeks leaving them unable to receive money and pay suppliers and staff.

Banking 52

Banking Outage Internet Communications 52

Plan B Consulting

SEPTEMBER 24, 2012

In the same way I didn’t imagine that as a result of the Ulster Bank / RBS/ Nat West incident, companies could have their bank accounts ‘locked’ for several weeks leaving them unable to receive money and pay suppliers and staff.

Banking 52

Banking Outage Internet Communications 52

Solutions Review

SEPTEMBER 9, 2021

The platform also offers continuity planning capabilities, allowing users to sequence their actions based on dependency and what-if analysis, rather than static plans.

Risk Management 98

Risk Management Management Audit Hospitality 98

LogisManager

MAY 20, 2021

In recent years, these attacks have affected everyone from banks and hospitals to universities and municipalities; almost 2,400 organizations in the United States were victimized last year alone.

Risk Management 64

Risk Management Management Authentication Hospitality 64

Plan B Consulting

APRIL 19, 2016

As a number of banks have had huge fines for facilitating money laundering, many others are scrambling around looking to see their exposure to this scandal. I suspect those who had money offshore and many banks thought this information would never be revealed. The post Blue Swans… appeared first on PlanB Consulting.

Banking 52

Banking Authorization Business Continuity Education 52

Plan B Consulting

APRIL 19, 2016

As a number of banks have had huge fines for facilitating money laundering, many others are scrambling around looking to see their exposure to this scandal. I suspect those who had money offshore and many banks thought this information would never be revealed. The post Blue Swans… appeared first on PlanB Consulting.

Banking 52

Banking Authorization Business Continuity Education 52

MHA Consulting

JULY 27, 2023

In our recent ebook, The Shape of Things to Come: 50 Predictions on the Future of Business Continuity (free download with registration), we observe that, “The operational resilience standard that originated in the banking industry in the U.K. This is likely to make our job somewhat easier by limiting what we are required to protect.

BCM 92

BCM Business Continuity Outage Internet 92

Pure Storage

JULY 8, 2022

This pushed clients’ business continuity plans—and its own storage solutions—front and center. In order to provide the best possible service to its clients, which include some of the largest banks in the world, the provider needed to bolster its storage, fast.

Banking 52

Banking Publishing Capacity Architecture 52

Plan B Consulting

MAY 25, 2018

We were scheduled to conduct some incident management training as part of a business continuity roll-out at a plant, but when we turned up we found them in the middle of a major environmental incident. Incident affecting the banking system d. This was brought home to me a few years ago when I was doing some work in the Philippines.

Risk Management 52

Risk Management Management All-Hazards Hazard 52

Plan B Consulting

MAY 25, 2018

We were scheduled to conduct some incident management training as part of a business continuity roll-out at a plant, but when we turned up we found them in the middle of a major environmental incident. Incident affecting the banking system d. This was brought home to me a few years ago when I was doing some work in the Philippines.

Risk Management 52

Risk Management Management All-Hazards Hazard 52

Fusion Risk Management

SEPTEMBER 12, 2022

Many of our own customers have said that having a “tone at the top” from leadership is critical to get their business team’s buy-in, as no one really wants to take a time out to work on their continuity plans or risk mitigation strategy.

Resilience 52

Resilience Insurance Insurance Audit 52

Risk Management Monitor

DECEMBER 3, 2021

They have crisis management plans in place, but they also dig deeper, look farther ahead. Consider that during the pandemic even organizations with thorough business continuity plans struggled. Many of them didn’t fully anticipate the widespread, long-lasting damage a pandemic could create.

Resilience 45

Resilience Pandemic Risk Management Scenario Planning 45

Solutions Review

SEPTEMBER 27, 2021

The platform also offers continuity planning capabilities, allowing users to sequence their actions based on dependency and what-if analysis, rather than static plans.

Government 92

Government Audit Risk Management Hospitality 92

Plan B Consulting

OCTOBER 18, 2019

This could be done during a weekend or bank holiday, or if the technical solution allows it, all staff working for a day at the recovery centre taking live calls. If 50 staff are going to work from the recovery centre, all 50 are taken to the recovery centre and the full deployment of staff is practised.

Business Continuity 52

Business Continuity Banking Application Continuity Planning 52

Plan B Consulting

OCTOBER 18, 2019

This could be done during a weekend or bank holiday, or if the technical solution allows it, all staff working for a day at the recovery centre taking live calls. If 50 staff are going to work from the recovery centre, all 50 are taken to the recovery centre and the full deployment of staff is practised.

Business Continuity 52

Business Continuity Banking Application Continuity Planning 52

Fusion Risk Management

MAY 12, 2022

Over the past year and more, we saw financial firms implementing operational resilience programs to comply with the Bank of England, PRA, and FCA regulations. Pinpointing the Moment of Impact. Finding Our Voice. In prior discussion, none of us could remember the last time we faced a disruptive event occurring in isolation.

Failover 52

Failover Resilience Crisis Management Mitigation 52

Fusion Risk Management

FEBRUARY 7, 2023

Also at the GFMI event, the panel (including representatives from Goldman Sachs, Silicon Valley Bank, and Global Atlantic Financial) speaking on geopolitical risks noted a vital consideration in preparing for these crises which is rarely taken into consideration: the concentration risks around response firms.

Financial Services 52

Financial Services Resilience Crisis Management Vulnerability 52

Plan B Consulting

SEPTEMBER 23, 2011

History will show whether many of the businesses affect will recover or whether the owners decided it is not worth starting again just take the insurance money and stick it in the bank. In this present economic climate how many of them will not recover and go out of business. I suspect quite a lot of them, if they have been severely damaged.

Continuity Planning 52

Continuity Planning Business Continuity Banking Insurance 52

Plan B Consulting

SEPTEMBER 23, 2011

History will show whether many of the businesses affect will recover or whether the owners decided it is not worth starting again just take the insurance money and stick it in the bank. In this present economic climate how many of them will not recover and go out of business. I suspect quite a lot of them, if they have been severely damaged.

Continuity Planning 52

Continuity Planning Business Continuity Banking Insurance 52

Plan B Consulting

APRIL 13, 2021

I worked for a German data centre provider and wrote a business continuity plan for them. The fire took six hours to put out which shows how substantial it was! According to Netcraft, the fire took “3.6 million websites across 464,000 distinct domains” offline. Check the infrastructure of your data centre.

Backup 52

Backup Outsourcing Business Continuity Resilience 52

Plan B Consulting

APRIL 13, 2021

I worked for a German data centre provider and wrote a business continuity plan for them. The fire took six hours to put out which shows how substantial it was! According to Netcraft, the fire took “3.6 million websites across 464,000 distinct domains” offline. Check the infrastructure of your data centre.

Backup 52

Backup Outsourcing Business Continuity Resilience 52