MHA Consulting

MARCH 30, 2023

Sometimes questions arise about the relationship between the business continuity management (BCM) team and the enterprise risk management (ERM) department. Theirs is a strategic role that involves the research and study of models, financials, and procedures, and risk managers tend to have a lot of authority in an organization.

BCM 88

BCM Risk Management Business Continuity Strategic 88

MHA Consulting

APRIL 27, 2023

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. Establish and implement policies and procedures to help ensure that risk responses are effectively carried out.

Risk Management 86

Risk Management Mitigation Pandemic Strategic 86

Fusion Risk Management

DECEMBER 7, 2023

Nazir had previously worked in risk management in other industries, including retail, consumer products, and automotive. He worried that that approach wouldn’t work with some customers, vendors, and regulators and could result in potential risks like outages, losing customers for good, and regulatory fines.

Financial Services 52

Financial Services Resilience Disaster Recovery Automotive 52

MHA Consulting

MARCH 2, 2023

In deciding its risk tolerance level, management should analyze the cost to the organization of having its operations offline. An organization that can undergo an outage of five days at no great cost is justified in having a high risk tolerance. Where risk tolerance is high, controls can be relaxed.

Mitigation 75

Mitigation BCM Acceptable Risk Risk Management 75

Fusion Risk Management

NOVEMBER 4, 2021

Whether it’s supplier challenges, extreme weather, an unplanned outage, or an increased threat of cyberattacks, it seems the next disruption is just around the corner. What happens when a hurricane causes damage to an entire region, causing several sites to go down along with unplanned network outages?

Outage 52

Outage Account Manager Activation Response Plan 52

MHA Consulting

JANUARY 25, 2024

It focused on identifying the most critical business processes and developing plans to keep those processes going or quickly restore them in the event of an outage. Other components include risk management, crisis management, operational resilience, supply chain resilience, and financial resilience, among others.

BCM 95

BCM Business Continuity Resilience Outage 95

MHA Consulting

JANUARY 26, 2023

Anything and everything is out there regarding how you can protect your organization and its stakeholders from disruptions and recover quickly when outages occur. A great place to get an overview of the whole BC field, from Program Administration to Exercises to Risk Management and Mitigation. BCM consultancy websites.

BCM 92

BCM All-Hazards Disaster Recovery Hazard 92

MHA Consulting

APRIL 20, 2023

In today’s post, we’ll look at how such a model can help an organization understand its risks, mitigate the risks that threaten its core services, and integrate business continuity with enterprise risk management, thus boosting resilience overall. What Is a Risk Maturity Model?

Resilience 52

Resilience Risk Management Mitigation BCM 52

MHA Consulting

APRIL 20, 2023

In today’s post, we’ll look at how such a model can help an organization understand its risks, mitigate the risks that threaten its core services, and integrate business continuity with enterprise risk management, thus boosting resilience overall. What Is a Risk Maturity Model?

Resilience 52

Resilience Risk Management Mitigation BCM 52

Erwood Group

MAY 30, 2024

Risk Management RTO is an integral part of risk management. This proactive approach helps mitigate risks associated with operational disruptions. Overlooking or misjudging these relationships can lead to incomplete or ineffective recovery plans leading to longer disruptions and outages.

Business Continuity 52

Business Continuity Disaster Recovery Impact Analysis Resilience 52

MHA Consulting

FEBRUARY 23, 2023

Successful risk mitigation requires that a central authority supervise controls following a coherent strategy. Try a Dose of Risk Management As a business continuity professional, I tip my hat to any organization that makes a serious effort to reduce its risks. Try a Dose of Risk Management The post Who’s the Boss?

Mitigation 83

Mitigation Authorization Risk Management Vulnerability 83

LogisManager

JULY 22, 2021

Their process for developing and updating their BCP initially involved holding in-person interviews with department heads to gather information about various impacts to their core processes in case of an outage: Who are their key team members? This lets them easily determine which processes need to be prioritized during an outage.

BCP 94

BCP Outage Continuity Planning Business Continuity 94

Zerto

DECEMBER 5, 2023

The Digital Operational Resilience Act (DORA) is a new regulation that creates a binding, comprehensive information and communication technology (ICT) risk management framework for the European Union (EU) financial sector. What Is DORA?

Disaster Recovery 52

Disaster Recovery Outage Banking Application 52

Alternative Resiliency Services Corp

DECEMBER 10, 2019

​Your Business Continuity, Risk Management and related programs can get side-tracked during the holiday rush. Exercises Winter presents significant potential for business interruptions and outages. People are “too busy” to participate.

Audit 130

Audit Outage Evaluation Business Continuity 130

Fusion Risk Management

DECEMBER 1, 2021

Taking the following steps helps appropriately manage and mitigate risks throughout the vendor lifecycle: Dive deeper during due diligence. The post Determining a Critical Vendor appeared first on Fusion Risk Management. Establish guidelines and alerts for continuous monitoring.

Outsourcing 52

Outsourcing Alert Financial Services Outage 52

Fusion Risk Management

SEPTEMBER 7, 2022

In fact, according to Gartner’s Top Security and Risk Management Trends survey , 48 % of executives believe that cybersecurity is the top source of risk to their organizations. . Businesses must have a third-party risk management system that helps them to identify and reduce risks caused by third-party service providers.

Technology 59

Technology Cyber Resilience Resilience Cybersecurity 59

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

Risk Management Monitor

DECEMBER 17, 2021

Additionally, 10,000 Kentucky homes and businesses reported being without water, and another 17,000 were under boil-water advisories, according to the Kentucky Division of Emergency Management. These outages have complicated search and rescue efforts, as rescue workers excavated destroyed buildings, searching for people who are still missing.

Insurance 79

Insurance Insurance Outage Pandemic 79

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. That’s why Fusion Risk Management is here: to transform how organizations approach resilience.

Resilience 59

Resilience Strategic Banking Vulnerability 59

On Solve

JANUARY 14, 2022

Only 30 percent of organizations are very confident they can handle the increasing complexity of risk management in the future. The average cost of an unplanned data center outage is $9,000 per minute, according to a Ponemon Study. Failing To Plan Is Planning To Fail, Forrester Consulting, October 2021 4.

Business Continuity 98

Business Continuity Benchmark Consulting Outage 98

Fusion Risk Management

AUGUST 26, 2021

Users can now embed Relationship Map inside a flow to view relationships and dependencies beyond the current plan to see how sites, processes, systems, and people are affected by an outage. Please contact your account manager to learn more. Simply click a node to view additional data pertaining to each record and edit specific fields.

Disaster Recovery 52

Disaster Recovery Outage Account Manager Resilience 52

Fusion Risk Management

SEPTEMBER 14, 2023

The Importance of Incident Management within DORA Incident management should encompass everything from the moment that an outage is detected all the way through to recovery: a complete end-to-end strategy. Economic impact – What are the direct and indirect costs associated with the outage?

Management 59

Management Authorization Resilience Outage 59

MHA Consulting

JUNE 22, 2023

Sorting out such problems can take hours if not days, an expensive proposition if the issue is prolonging an outage. This can be crippling during an outage. We frequently see organizations suffer unneeded impact from outages because their staff have not been trained and prepared to implement the designated response procedures.

Vulnerability 85

Vulnerability Outage Capacity BCM 85

MHA Consulting

MARCH 23, 2023

By adhering to the council’s guidelines, companies can implement best practices for risk management, cybersecurity, data protection, and business continuity planning. The FFIEC standard can be found here, and it’s completely free. Does trying to meet the rigorous FFIEC standard make sense for every organization?

BCM 74

BCM Impact Analysis Business Continuity Banking 74

MHA Consulting

DECEMBER 8, 2022

Some organizations we work with utilize their incident management team whenever there is a potential issue or non-DR outage. They often tell us something like, “By the way, we activated our incident management team due to X outage.” However, BC planning can also benefit day-to-day operations and non-BCP projects.

BCM 52

BCM Outage Impact Analysis Disaster Recovery 52

Reciprocity

SEPTEMBER 30, 2022

Third parties generate, manage, or hold this data, resulting in even more severe threats to healthcare organizations and their information security. This is why third-party risk management and healthcare data security are critical. What is Healthcare Vendor Risk Management? Notes on Vendor Access et. Access to PII.

Healthcare 52

Healthcare Management Risk Management Vulnerability 52

Fusion Risk Management

MARCH 1, 2022

Risk leaders should be prepared to experience a spike in the number of attempted cyberattacks as unavoidable data security breaches spill over globally and impact your third parties directly. appeared first on Fusion Risk Management. So, what is the current reality related to the conflict in Ukraine?

Manufacturing 52

Manufacturing Logistics Vulnerability Transportation 52

everbridge

JUNE 12, 2023

Complex IT systems have several failure points, and it only takes one system change to cause a domino effect of failures and outages. Those outages could lead to websites and applications going offline, ecommerce sites no longer taking orders, or end-users being without a crucial service.

Resilience 52

Resilience eCommerce Outage Mitigation 52

Swan Island Network

NOVEMBER 8, 2017

You’ve undoubtedly read about or experienced the Delta outage this week; you might be sitting in an airport reading this right now! Enterprise Risk Management. Enterprise Risk Management: 3 Keys to Success. When the Ship Goes Down, You Need a Lifeboat. Pete O'Dell. November 8, 2017. Share on facebook. FREE DEMO.

Outage 52

Outage Insurance Insurance Risk Management 52

MHA Consulting

DECEMBER 15, 2022

Try a Dose of Risk Management Getting Back in the Air This year, I’m glad to say, I returned to my prepandemic level of business travel. Managers often told us that since their employees were now working remotely, they didn’t have to do BC anymore. Read on to learn about the BCM year in review. as well as throughout the U.S.

BCM 52

BCM Business Continuity Disaster Recovery Outage 52

everbridge

OCTOBER 20, 2022

Takeda’s assessment revealed significant strengths in how quickly and effectively they can identify risks to employees, which was made possible by integrating their CEM platform with their badging and travel risk management systems.

Resilience 64

Resilience Crisis Management Travel Account Manager 64

FS-ISAC

JUNE 30, 2022

With SolarWinds, Accellion, Kaseya, and Log4j, the world realized that third-party suppliers are a key vector of cyber risk. We spoke with MassMutual CISO Ariel Weintraub about how firms need to go beyond third-party risk management to focus on supply chain resiliency, and the different thinking required to effectively build it.

Resilience 52

Resilience Failover Financial Services Cyber Resilience 52

Solutions Review

MARCH 16, 2022

PMI Risk Management Professional (PMI-RMP). Description: This course allows you to validate your knowledge of identification and assessment of the project risks, mitigation of the threats, and opportunities enhancement with PMI Risk Management Professional (PMI-RMP) certification. Go to training. Go to training.

Backup 52

Backup Disaster Recovery Risk Management Cybersecurity 52

PagerDuty

MARCH 4, 2024

Finally, FS firms must show they have an Incident Management process capable of restoring service as quickly as possible, and able to report the nature, extent, duration and criticality of the issue.

Financial Services 52

Financial Services Banking Marketing Resilience 52

Reciprocity

APRIL 4, 2022

On the contrary, they have several critical differences that security professionals should understand, if you want to deliver the best protection and risk management possible to your organization. Protect information during non-cyber events, such as natural disasters, power outages, or fire. They’re not.

Cybersecurity 52

Cybersecurity Security Internet Malware 52

IT Governance BC

FEBRUARY 12, 2019

Business continuity management. BCM (business continuity management) is a form of risk management that deals with the threat of business activities or processes being interrupted. Any downtime can be unacceptable given the pace of modern life, so it is essential for organisations to plan for disaster.

Disaster Recovery 78

Disaster Recovery BCM Business Continuity Retail 78

FS-ISAC

OCTOBER 13, 2023

This may not become “the” framework, as there are others like the NIST AI Risk Management Framework. Earlier in the year, the US FAA (Federal Aviation Administration) system had an outage. Expectations from the Framework Google Cloud is looking to partner with organizations to develop the framework.

Cybersecurity 69

Cybersecurity Financial Services Authentication Resilience 69