article thumbnail

TSPs: Making the Case to Invest in Risk and Resiliency

Fusion Risk Management

Closely tied to those values are programs that enhance an organization’s operational risk management, compliance, and governance procedures; ESG (environmental, social, and governance) ; and reputation and perception in the market. Deploy incident management to direct teams’ responses to incidents .

article thumbnail

Preparation Continues for the Digital Operational Resilience Act

Fusion Risk Management

Currently, TSPs are subject to financial service providers’ requirements via contractual obligations (such as the European Banking Authority’s third-party outsourcing requirements). It formalizes existing third-party outsourcing requirements and provides more prescriptive guidance on regulatory expectations. Risk Management.

article thumbnail

3 Ways to Drive Value within Your Third-Party Risk Management Program and Beyond

Fusion Risk Management

It’s common that many businesses outsource aspects of their operations, but in doing so, they are responsible for ensuring the security posture of those external entities – which is operationally complex, to say the least. This type of value is delivered not only to your third-party risk management teams, but to the enterprise as a whole.