LogisManager

OCTOBER 31, 2023

The proposed standards emphasize a stronger corporate governance and include an over-arching requirement for these banks to adopt the Three Lines Model. They are the ones who “own” the risk and are responsible for taking actions to mitigate it. This includes risk management, compliance, and internal control departments.

Risk Management 105

Risk Management Audit Management Banking 105

Pure Storage

JANUARY 11, 2024

The UK Takes the Lead in Enforcement While the first OR directives were issued by the EU several months ahead of the UK, the latter has taken the lead when it comes to enforcement, issuing a nearly $60 million fine related to a resiliency incident at a UK bank in late 2022.

Resilience 117

Resilience Financial Services Banking Cybersecurity 117

LogisManager

AUGUST 1, 2023

Free Download: Financial Risk Assessment Template Improve risk assessment practices in your financial institution using our comprehensive Excel template designed for banks, credit unions, and other financial entities. Easily organize and analyze data to prioritize resource allocation and address OCC and regulatory risk categories.

Risk Management 96

Risk Management Mitigation Banking Activation 96

Security Industry Association

MAY 16, 2024

Just as online banking was once met with skepticism but is now an integral part of everyday life, we believe smart locks will revolutionize the way people secure their homes. AI and ML will play a significant role in enhancing security systems, enabling predictive analytics, anomaly detection and proactive threat mitigation.

Manufacturing 59

Manufacturing Marketing Banking Advertising 59

LogisManager

OCTOBER 31, 2023

The proposed standards emphasize a stronger corporate governance and include an over-arching requirement for these banks to adopt the Three Lines Model. They are the ones who “own” the risk and are responsible for taking actions to mitigate it. This includes risk management, compliance, and internal control departments.

Risk Management 52

Risk Management Audit Management Banking 52

Plan B Consulting

APRIL 2, 2024

Traditional risk management focuses on identifying and mitigating risks that can be predicted based on historical data and past experiences. The only mitigation was that the incident occurred in the middle of the night rather than at peak rush hour, so the casualty count was much less than it could have been.

Banking 52

Banking Insurance Insurance Mitigation 52

LogisManager

AUGUST 1, 2023

Free Download: Financial Risk Assessment Template Improve risk assessment practices in your financial institution using our comprehensive Excel template designed for banks, credit unions, and other financial entities. Easily organize and analyze data to prioritize resource allocation and address OCC and regulatory risk categories.

Risk Management 52

Risk Management Mitigation Banking Activation 52

everbridge

MAY 3, 2024

Aligned with existing regulations like NIS2 in the EU and the Bank of England Operational Resilience Regulation in the United Kingdom, DORA offers organizations the chance to leverage existing capabilities to meet the new requirements effectively.

Resilience 52

Resilience Risk Management Change Management Communications 52

Online Computers

DECEMBER 21, 2023

How to mitigate the risks of shadow IT It's important to understand that the use of shadow IT often arises from genuine and legitimate employee needs not met by the official IT solutions. Addressing these needs and finding safe alternatives can help mitigate the risks. Here’s how: Engage employees. Interested? Contact us today.

Healthcare 52

Healthcare Malware Hazard Mitigation 52

Behavior Group

AUGUST 6, 2018

In assessing how the cyber threat and mitigation landscape has evolved over time, I often think of the ways that “cops and robbers” movies have changed: In the old days, a typical scene would feature a bad guy walking into a bank with a note indicating that he had a gun, and that he wanted… Continue reading.

Security 52

Security Banking Mitigation Risk Management 52

Fusion Risk Management

MAY 19, 2022

Thus, internal sanctions-related policies and procedures should be updated to account for new risks related to such services and mitigating actions should be taken as appropriate.”. Persons conducting business in the United States to maintain risk-based sanctions compliance policies and procedures. Tips for Success.

Banking 52

Banking Evaluation Consulting Publishing 52

FS-ISAC

NOVEMBER 8, 2021

BBVA was the first bank in Europe to launch a crypto custody service. How can a bank decide whether to build crypto custody services or partner with third-party providers? Google is a strategic partner in our journey towards becoming a data-driven bank, with the cloud at the core of this strategy.

Security 52

Security Banking Cybersecurity Marketing 52

Pure Storage

MARCH 18, 2024

Then, there’s the cost to build and train a proprietary LLM. RAG can help to spare enterprises the significant cost and resources required, making GenAI more applicable to businesses, especially from a return on investment standpoint.

Application 122

Application Capacity Financial Services Banking 122

Fusion Risk Management

NOVEMBER 3, 2022

In tightly regulated industries like banking, Compliance Alert notes: “Chief Compliance Officers (CCOs) increasingly face personal liability for corporate wrongdoing and regulatory violations as a change of guidelines and a string of federal enforcement actions have transformed the environment in which CCOs operate.

Resilience 96

Resilience Cybersecurity Mitigation Risk Management 96

FS-ISAC

MAY 25, 2021

Banks around the world are used to quantifying financial risks such as market, credit, and liquidity risks. At Banco de Credito de Peru, the largest bank in the country, we consider all non-financial risks together, as they are interrelated and require the same governance processes. We have known how to measure them for centuries.

Banking 52

Banking Cybersecurity Mitigation Risk Management 52

Advancing Analytics

NOVEMBER 8, 2023

The RAG's retrieval component helps mitigate this problem by grounding generated content, ensuring the responses it generates are well-grounded and therefore minimising the chances of hallucination. Example: Banks often need to assess the creditworthiness of potential borrowers.

Banking 59

Banking Marketing Architecture Retail 59

MHA Consulting

APRIL 27, 2024

Our commitment also explains why I find the tendency I want to discuss today so unfortunate, and why I’d like to make a suggestion aimed at mitigating it. We want to help the organization get more competent at business continuity and become more resilient. Those are the basics.

Consulting 52

Consulting BCM Business Continuity All-Hazards 52

MHA Consulting

FEBRUARY 22, 2024

Moving forward, the corporations, agencies, and institutions that turn to either of us for help will have access to an unparalleled breadth of expertise capable of providing seamless enterprise risk management and risk mitigation services. Call it one-stop shopping for everything risk.

BCM 52

BCM Risk Management Business Continuity Consulting 52

Solutions Review

AUGUST 17, 2023

Email Security Requirements Email is a leading cause of data breaches, but it is also a necessary tool for businesses to function and for people to access banking, public services, and healthcare. As cyber threats and resulting data breach risks evolve, organizations must prove how they are mitigating these.

Technology 98

Technology Disaster Recovery Healthcare Banking 98

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

PagerDuty

JUNE 13, 2023

Additionally, it can positively impact the process evolution of a business’ inner workings as the world becomes increasingly more complex—and prone to bank-breaking threats. Mitigating Insider Threats: Zero trust security addresses the risk of insider threats by assuming that no user or device should be implicitly trusted.

Security 52

Security Authentication Architecture Mitigation 52

Online Computers

AUGUST 7, 2023

Before banking on a digital transformation journey with AI, ask yourself these questions: What are the pain points of the business? It's therefore essential that you can actively address and mitigate such biases to ensure fairness and inclusivity in AI-driven processes, especially when making decisions that impact individuals or communities.

eCommerce 52

eCommerce Cybersecurity Banking Capacity 52

FS-ISAC

JUNE 30, 2022

Specified goals vary by jurisdiction, but the main aims are to be able to leverage public sector resources in mitigation and attribution, as well as to encourage more robust operational resiliency. Several trade associations – including Bank Policy Institute, U.S. The directive has resulted in some pushback.

Response Plan 52

Response Plan All-Hazards Cybersecurity Mitigation 52

Pure Storage

AUGUST 3, 2023

Threat modeling is an essential tool for developers and security professionals to identify and mitigate potential security risks in software systems proactively. Attack Method STRIDE Category Design Hardening Steps Mitigating Controls Credential Stuffing Spoofing Implement multi-factor authentication.

Authentication 87

Authentication Vulnerability Authorization Audit 87

CCEM Strategies

MAY 11, 2023

The risk of flooding tends to change based on the season as it can be caused by snow melt, sudden and aggressive rain storms, rain on snow events, or debris in waterways causing overtopping of banks or sudden redirection of the waterway. sewer backup versus overland flooding).

All-Hazards 52

All-Hazards Hazard Natural Hazard Transportation 52

Emergency Planning

OCTOBER 21, 2022

One only hopes that land-use planning will stem the flood of new construction in areas that are prone to inundation by rivers that burst their banks and seas that rise up and surge inland, eating away at properties and coastal defences as they go. To illustrate that, consider just one of the 102 provisions and 29 schedules.

Management 231

Management Emergency Planning All-Hazards Transportation 231

FS-ISAC

MARCH 2, 2022

As a financial services cybersecurity professional who has worked on three continents for large multinational institutions, I understand the advantages and challenges for security departments at banks both large and small. Faced with increasingly sophisticated cyber attacks, small banks can use their size to their advantage.

Banking 59

Banking Cybersecurity Risk Reduction Financial Services 59

Pure Storage

FEBRUARY 7, 2022

Legend has it that when Willie Sutton, a notorious bank robber from the last century, was asked why he robbed banks, he responded, “That’s where the money is.” Willie Sutton didn’t rob banks at random. Willie Sutton was remarkably successful because he always zeroed in on banks with the most readily available cash and valuables.

Banking 105

Banking Financial Services Backup Internet 105

Solutions Review

SEPTEMBER 27, 2021

Additionally, users can integrate their risk management programs, including the identification, assessment, response, mitigation, and monitoring in a highly visual and intuitive way. Users can also connect their risks to mitigating controls to show how their organization treats its threats. Platform: Enablon. Platform: Enablon.

Government 92

Government Audit Risk Management Hospitality 92

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. Unauthorized users having access to corporate devices is an extremely common and preventable cause of negligence. Data Governance.

Risk Management 64

Risk Management Management Authentication Hospitality 64

Fusion Risk Management

MAY 12, 2022

So, how might the new operational resilience methodologies and requirements help us to mitigate future harm? 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.

Failover 52

Failover Resilience Crisis Management Mitigation 52

FS-ISAC

JUNE 30, 2022

Smaller banks and credit unions often face the same threats as larger financial institutions with much larger security teams, but may only have teams of one or two people on their security teams. While necessary, this all-hands on deck response is not sustainable or scalable for several reasons.

Vulnerability 52

Vulnerability Cybersecurity Malware Financial Services 52

Erwood Group

JANUARY 28, 2024

Tailoring business continuity plans to the scale and needs of small businesses ensures effective preparedness without breaking the bank. Businesses can embrace business continuity without breaking the bank. Whether a small startup or a multinational corporation, the risks of disruptions are universal.

Business Continuity 52

Business Continuity Disaster Recovery Continuity Planning Crisis Management 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

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

JUNE 16, 2022

They took a strategic approach to the migration, starting with arrays that took up the most space and caused the most maintenance issues to help the bank achieve immediate benefits and successfully complete the project. Let’s go a little deeper.

Management 52

Management Architecture Banking Strategic 52

Fusion Risk Management

JANUARY 5, 2023

While the methodology or framework for resilience may differ, the expectations are clear: businesses must adapt to the changing environment, mitigate potential impact, and continue to deliver important services to customers. One legislation addressing these risks is the landmark Digital Operational Resilience Act (DORA).

Resilience 52

Resilience Financial Services Audit Outsourcing 52