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. This is exactly what recently happened with TSB Bank and Applied Materials. million customers.
Fusion Risk Management
NOVEMBER 3, 2022
These requirements can apply in third-party risk scenarios but also more broadly across the enterprise where risk for misconduct exists. Want more information on how to keep your organization safe from disruption caused by ineffective risk management ?
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Fusion Risk Management
JANUARY 5, 2023
A key focus has been on technology and data service providers (TSPs) , as cyberattack incidents such as SolarWinds and Log4j have proven that third parties present risks that significantly impact important business services. One legislation addressing these risks is the landmark Digital Operational Resilience Act (DORA).
Fusion Risk Management
JANUARY 24, 2023
and the EU operate with dedicated teams who work with the organization and local regulators to address the requirements that have been established by the Bank of England (BoE), Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA), and other EU-based authorities. appeared first on Fusion Risk Management.
Fusion Risk Management
SEPTEMBER 12, 2022
Even if it is difficult to use that regulatory hammer to secure funding for budget to purchase technology, this should not stop a progressive organization from using effective risk management disciplines to run their programs and serve their customers. Or, as so well articulated by the great British writer C.
Fusion Risk Management
AUGUST 18, 2022
The DORA is an expansion of the groundbreaking operational resilience requirements first set forth by the Bank of England , FCA, and PRA. The key difference between the DORA and other resilience requirements is that its focus is on Information and C ommunication T echnology ( ICT ) risk. Map your dependencies.
Fusion Risk Management
NOVEMBER 27, 2023
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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