Castellan

APRIL 1, 2022

At a high level, it may seem natural to use the terms business continuity management and enterprise risk management interchangeably. While there are some congruences between them, there are some unique distinctions that separate the two, and in many regards, they’re actually completely different business functions.

BCM 98

BCM Risk Management Business Continuity Resilience 98

Fusion Risk Management

JANUARY 20, 2022

Over the years, there have been different drivers of organizational change, but now there is a larger sense of urgency around resilience because – if you’ve learned anything over the past two years or so – disruption is business as usual. Resilience is no longer a “nice to have.” From Reactive to Proactive.

Resilience 52

Resilience Pandemic Mitigation Risk Management 52

Fusion Risk Management

SEPTEMBER 29, 2021

Resilience dominates the agenda for organisations globally. Continuity and excellence in service of customers has increasingly become the new standard for success. The impending UK regulatory requirements reflect the societal need for better operational resilience. appeared first on Fusion Risk Management.

Financial Services 98

Financial Services Banking Capacity Activation 98

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

Castellan

OCTOBER 18, 2021

Resilience. And, as a business continuity professional, have they changed in scope and complexity in the past year? Has the coronavirus pandemic altered the way you approach these for business? The Resilience Movement. The resilience movement unfolding now is about more than just planning for disruptions.

Business Continuity 52

Business Continuity Resilience Financial Services Pandemic 52

Fusion Risk Management

MARCH 14, 2022

Industry websites are brimming with dos and don’ts and successes and failures pertaining to building more resilient operations, creating resilient cultures, and architecting the systems that support them. But where are firms in their journey to implementing more resilient operations?

Financial Services 40

Financial Services Resilience All-Hazards Vulnerability 40

Fusion Risk Management

NOVEMBER 3, 2022

This concept has cascaded to new regulatory obligations such as operational resilience requirements in the UK which have provisions that require an appointment of a responsible individual in charge of the program who has ultimate accountability. Circling back to third-party risks, fines for violating sanctions can range from $90,000-$1.5

Resilience 96

Resilience Cybersecurity Mitigation Risk Management 96

PagerDuty

MARCH 4, 2024

Alternatively, and particularly in a Financial Services (FS) scenario, you’ll hear about DORA–the Digital Operational Resilience Act –which is a part of the European Union (EU) Digital Finance Package. Resiliency, availability and reputation directly impact the bottom line.

Financial Services 52

Financial Services Banking Marketing Resilience 52

Fusion Risk Management

MAY 12, 2022

Pandemics were on national risk registers and scenario exercised with national agencies in the UK and US just a couple of years prior; Russia annexed Crimea in 2014, setting itself up to be able to effectively target a resource rich Ukraine; and in borrowing so much during lockdown, we couldn’t avoid a state of rising inflation this year.

Failover 52

Failover Resilience Crisis Management Mitigation 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

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 Backup 52

Fusion Risk Management

DECEMBER 12, 2022

Whether you are on the journey towards operational resilience, organizational resilience, or business resilience, we can all agree that the goal is the same: to continue to deliver on our customer promise, no matter what happens. The Relationship with Third-Party Risk Management Needs Some Work.

Resilience 52

Resilience Financial Services Risk Management Business Services 52

Fusion Risk Management

NOVEMBER 27, 2023

They also emphasize the need for organizations to strengthen their business continuity (BC) and operational resilience programs as well as prioritize agility to mitigate emerging threats and ensure compliance with global regulatory mandates. The EU followed with the Digital Operational Resilience Act (DORA). Another U.S.

Resilience 52

Resilience Risk Management Financial Services Business Continuity 52

Castellan

DECEMBER 21, 2021

This is part 1 of a two-part series exploring the resilience movement, how it can positively impact modern business, and the roles executives and key stakeholders play in ensuring business resilience while managing efficiencies, and adapting to changing environments with an expanding threat landscape.

Resilience 98

Resilience Pandemic Risk Management Business Continuity 98

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

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. A data backup alone is not enough to ensure resiliency for the entire organization.

Continuity Planning 52

Continuity Planning Business Continuity BCP BCM 52

Plan B Consulting

MAY 17, 2023

We are half way through BCAW and consultant Carly Clements presents her views on operational resilience. In today’s ever-changing and developing world that we are living in, Operational Resilience has never been more important than it is now. Operational Resilience is about how a business can deal with undesired events.

Resilience 52

Resilience Business Services Risk Management Consulting 52

Fusion Risk Management

APRIL 20, 2022

It’s Time for a New Model of Compliance Because a Resilient Organization is a Compliant One. And just like that, the first milestone on the Bank of England, Prudential Regulation Authority (PRA), and Financial Conduct Authority (FCA) operational resilience regulatory timeline came and went. The Old Model of Compliance.

Resilience 52

Resilience Authorization Banking Account Manager 52

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.

Financial Services 52

Financial Services Risk Management Application Resilience 52

Fusion Risk Management

AUGUST 7, 2023

With this in mind, it’s becoming increasingly important that organizations look at climate change and natural disaster preparedness not just from an ESG (environmental, social, and governance) perspective but also from an operational resiliency one. Should you train an additional office on the payroll processes in case of an incident ?

All-Hazards 52

All-Hazards Hazard Business Services Disaster Preparedness 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. So, what is the current reality related to the conflict in Ukraine?

Manufacturing 52

Manufacturing Logistics Vulnerability Transportation 52