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Climate Change is a Big Future Threat – But What Are Risk Managers Doing About It Now?

DRI Drive

A new survey of European risk managers has identified the biggest threats facing their businesses, amplified by both the pandemic and the crisis in Ukraine. But the actions being taken to mitigate some of them vary widely. The post Climate Change is a Big Future Threat – But What Are Risk Managers Doing About It Now?

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Silicon Valley Bank (SVB) Failures in Risk Management: Why ERM vs GRC

LogisManager

Silicon Valley Bank (SVB) Failures in Risk Management: Why ERM vs GRC By Steven Minsky | May 5, 2023 Silicon Valley Bank (SVB) was closed by regulators and reminded us of the recession associated with Lehman Brothers and Washington Mutual Bank in 2008. However, the evidence was inconclusive so their strategy continued unchanged.

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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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The Essentials for Third-Party Risk Management

Castellan

According to Verizon’s 2022 Data Breach Investigation Report , the supply chain was responsible for 62% of system intrusion incidents in 2021. The report points out the growing interconnected risks that now exist between organizations, their vendors, partners, and third parties. That’s up from 21% the previous year. What’s the hang-up?

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Cyber Risk & Your Supply Chain: Managing the Growing Threat

NexusTek

What this means is that your company’s own internal security practices are now only partial protection; a comprehensive security program must now include cyber risk management strategies that cover your supply chain. 2022, April 13). 7 top trends in cybersecurity for 2022. Supply chain risk management.

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The Evolution of Resilience in 2022

Fusion Risk Management

This in turn allows you to leverage real-time data to make informed decisions, engage the right people at the right times, and end up in a place where you’re proactively identifying risks and mitigating those threats. At every stage of response, risk and resiliency are delivering visibility, agility, and engagement.

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5 Key Takeaways from the EU’s Digital Operational Resilience Act (DORA)

Pure Storage

This is particularly true in the EU, with the Digital Operational Resilience Act (DORA) , and in the UK, with the new operational resilience regime that took effect in 2022. The rules went into effect in April 2022 with full and continual compliance required by 2025, a date that is fast approaching.