Risk Management Monitor

MARCH 3, 2022

These sanctions have targeted Russia’s financial system and its international financial connections by restricting transactions between Russian banks and those in other countries, most notably through the SWIFT global financial network. Consider any impact winding down activities in one area may have on other business areas.

Banking 58

Banking Management Insurance Insurance 58

Advancing Analytics

AUGUST 26, 2021

Besides that, the financial industry is a vast sector that includes banks, building societies, e-money institutions, mortgage companies, investment banking, credit unions, insurance and pension companies. Interestingly, the insurance sector has 100% live machine learning applications in use. Fraud Detection.

Financial Services 52

Financial Services Banking Insurance Insurance 52

Erwood Group

JANUARY 28, 2024

Tailoring business continuity plans to the scale and needs of small businesses ensures effective preparedness without breaking the bank. These programs include regular reviews, updates, and exercises which are critical for improvement and performance when plans are activated. Myth 11: Business Continuity is a Non-Essential Cost Center.

Business Continuity 52

Business Continuity Disaster Recovery Continuity Planning Crisis Management 52

Solutions Review

SEPTEMBER 14, 2021

This is what I call risk management 1 – risk management for external stakeholders (Board, auditors, regulators, government, credit rating agencies, insurance companies and banks). Description: Risk—and risk management—is an inescapable part of economic activity.

Risk Management 98

Risk Management Management Government Vulnerability 98

Solutions Review

JANUARY 25, 2024

This is likely to impact industries where transparency matters, such as healthcare, financial services, and insurance. These activities must happen in 2024, because threat actors are in fact already targeting encrypted data, by taking a “steal and store now to decrypt later” approach. Upholding good cyber hygiene.

Authentication 142

Authentication Cybersecurity Security Government 142

Solutions Review

MARCH 31, 2023

Any data that has been identified as valuable and essential to the organization should also be protected with proactive security measures such as Cyberstorage that can actively defend both primary and backup copies from theft.” However, backups fail to provide protection from data theft with no chance of recovery.

Backup 119

Backup Disaster Recovery Application Security 119

Erwood Group

JULY 12, 2022

While business continuity has been in practice since the 1970s and could be argued that it has been around since the 1950s through strategic planning it is something that is not common knowledge. Plan Activation. Insurance Contact Information. Recovery Team Activation. Plan Activation. Assumptions. Notification.

Continuity Planning 114

Continuity Planning Business Continuity BCP Disaster Recovery 114