Fusion Risk Management
SEPTEMBER 27, 2022
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. .
Fusion Risk Management
JANUARY 5, 2023
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. Risk Management. To meet the DORA’s standards, firms must update their technology risk management governance.
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Fusion Risk Management
NOVEMBER 3, 2022
It is now common knowledge that your organization must invest in technology in order to build a defensible program that can demonstrate that you have appropriate oversight into your important business services. Want more information on how to keep your organization safe from disruption caused by ineffective risk management ?
Fusion Risk Management
APRIL 5, 2023
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. Where should I focus my efforts?
Fusion Risk Management
AUGUST 18, 2022
It also expands the scope of a regulator’s reach to those critical technology and data service providers that compose the digital footprint by which the important business services stand. Start with a risk assessment to determine how or if the DORA will affect your business as a covered financial entity or TSP .
Fusion Risk Management
JUNE 15, 2023
While each business is unique, those who have had a more successful approach to resilience and compliance tend to follow this similar methodology: Identify your critical business functions Begin by identifying what your individual critical business services are.
Fusion Risk Management
SEPTEMBER 12, 2022
Technology and data service providers (TSPs) have become critical contributors in the successful operations of every organization. Think about it: if your technology or data warehouse were to fail, could you continue running your most critical business services? Or, as so well articulated by the great British writer C.
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