Remove 2025 Remove Resilience Remove Risk Management Remove Strategic
article thumbnail

The Importance of Resilience: Navigating the Ever-Evolving Landscape

Fusion Risk Management

The World Economic Forum ’s Global Risks Report 2024 cites that the top risks are cybercrime, the adverse outcomes of artificial intelligence (AI), and extreme weather events. By doing so, organizations will not only respond effectively to immediate challenges but also gain a strategic edge in the long term.

article thumbnail

How Banks Benefit from the New Digital Operational Resilience Act

Pure Storage

How Banks Benefit from the New Digital Operational Resilience Act by Pure Storage Blog We’ve all seen how ransomware can bring businesses, local governments, and other organizations to their knees. DORA closes a critical gap in data management for banks. To be prepared, financial institutions must find a new way to address security.

Banking 97
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Cybercrime is Driving More Executives to Push Resilience Forward

Castellan

The Shift to Organizational Resilience. While in part due to successful data breaches that expose vast numbers of records, the Gartner report indicates some of this has been driven by the pandemic where many organizations realized their traditional business continuity management programs couldn’t support managing a large-scale disruption.

article thumbnail

Managing ICT third-party risk under DORA regulation

Fusion Risk Management

With less than a year to go until the January 2025 deadline to meet the requirements of the Digital Operational Resilience Act (DORA) regulation, entities are digging deeper into understanding the organizational and technical requirements of the regulation. DORA must be a deeply cross-functional collaboration effort.

article thumbnail

Identifying Important Business Functions: Your Building Blocks for DORA Compliance and Incident Management

Fusion Risk Management

The Digital Operational Resilience Act (DORA) aims to ensure financial and operational resilience for individual businesses as well as ensure economic stability for the European Union (EU) as a whole. Respond You will also need to have a strategic incident management process in place.

article thumbnail

33 Data Privacy Week Comments from Industry Experts in 2023

Solutions Review

New systems will be a collection of smaller applications working harmoniously for better risk management and future outlook. In addition to your people, data is without question the most strategic asset of virtually any organization. Gone are the days when we implemented large ERP-like systems.