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

Fusion Risk Management

A ccording to Deloitte’s global third party risk management survey 2022 , 73% of respondents reported having a high level of dependency on third parties – a nd that reliance is predicted to continuously increase which , in turn, means ongoing related challenges.

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Mitigating the Impact of Severe Weather

everbridge

billion people across the globe, putting communities and the businesses they support at risk. As severe weather continues to threaten more people and cause greater harm, building resilience against natural hazards and climate threats is paramount: the time for governments and enterprises to act is now. Severe Weather Trends.

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Preparation Continues for the Digital Operational Resilience Act

Fusion Risk Management

Operational resilience has been top of mind for regulators and financial services firms for the past few years. The old way of managing risk and resilience programs is no longer effective or efficient, and regulators have taken note. The DORA centers around five principles that can lead to operational resilience.

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

Fusion Risk Management

With the twenty-four-month implementation period already underway, entities impacted by the Digital Operational Resilience Act (DORA) are beginning to implement best practices to drive compliance and operational resilience. Involving every stakeholder from the very beginning is one actionable way to mitigate these issues.

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TSPs: Making the Case to Invest in Risk and Resiliency

Fusion Risk Management

There are even emerging regulatory requirements on the horizon such as the Digital Operational Resilience Act (DORA) that will extend regulatory reach to some technology and data service providers. Investing in Risk and Resiliency is the Right Thing to Do. Or, as so well articulated by the great British writer C.

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The Importance of Building a Culture of Trust and Compliance

Fusion Risk Management

This concept has cascaded to new regulatory obligations such as operational resilience requirements in the UK which have provisions that require an appointment of a responsible individual in charge of the program who has ultimate accountability.

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The Benefits that Actionable Risk Intelligence Provides to Your Extended Enterprise

Fusion Risk Management

Is Risk Intelligence Necessary? Following the compounding crises that have taken place over the last few years, I think we can all agree that a strong third-party risk management (TPRM) program foundation is critical for effective identification of inherent and imposed risks. How is Risk Intelligence Beneficial to TPRM?