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

Fusion Risk Management

The ability to be compliant and mitigate the impact of disruption through a robust incident management strategy begins with understanding the most critical business functions that comprise your organization. Respond You will also need to have a strategic incident management process in place.

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Geopolitics, regulations, and resilience

Fusion Risk Management

Keeping third-party risk management top of mind, building a stronger foundation of risk management, and working with and learning from industry peers were the top three agreed takeaways. Another U.S. The panel agreed that regulators are taking a more prescriptive approach to TPRM across the globe.

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Empowering Customers on Their Resilience Journey with a New Model of Compliance

Fusion Risk Management

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. Reach out to your Account Manager to learn more about this new integration! The Old Model of Compliance.

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Introducing Fusion’s New Argos Risk Integration

Fusion Risk Management

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. .

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The Digital Operational Resilience Act is Finalized – Now is the Time to Act

Fusion Risk Management

The regulation is intended to make compliance obligations less confusing and provide greater security for consumers by creating unified standards for third-party risk monitoring, performance, and auditing. . The DORA is landmark legislation that is the first of its kind that focuses on how regulated entities manage their ICT risk.

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Preparation Continues for the Digital Operational Resilience Act

Fusion Risk Management

The old way of managing risk and resilience programs is no longer effective or efficient, and regulators have taken note. Increasingly, financial services supervisory authorities are seeking to ensure that the third parties that are supporting a firm’s important business services meet all resilience requirements.

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SIA New Member Profile: Credo Cyber Consulting LLC

Security Industry Association

AK : Managed services will become the new face of the security industry as we know it. This push for managed services will increase the desire for more cloud-based security solutions. What are your short- and long-term predictions for the security industry? I believe this to be the biggest disruptor of the industry.