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When You Can’t Rely on a Crystal Ball, Elevate and Invest in Resilience

Fusion Risk Management

But, with the invention of a crystal ball not on the horizon, organizations need an alternate way to gain a complete view of their important business services and be better prepared to prevent a potential disruption before it materializes. In today’s fast-paced world, resilience must be a strategic priority for businesses.

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Geopolitics, regulations, and resilience

Fusion Risk Management

They also emphasize the need for organizations to strengthen their business continuity (BC) and operational resilience programs as well as prioritize agility to mitigate emerging threats and ensure compliance with global regulatory mandates.

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Operational Resilience in 2023: What Can We Expect?

Fusion Risk Management

After all, Operational Resilience is not limited to the financial services industry. have dedicated teams that own the operational resilience initiatives in response to the local regulators but need more collaboration with other disciplines like Business Continuity which may operate from different geographies.

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DORA: Moving Beyond the Basics of Compliance and Implementing a Cross-Functional Approach to Resilience

Fusion Risk Management

But don’t fret – this does not mean that your business continuity (BC) team must suddenly become IT experts! They simply must understand, as BC practitioners, that IT could be a source of disruption and, therefore, work to embrace their portion of the business as it contributes to operational resilience.