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How Banks Benefit from the New Digital Operational Resilience Act

Pure Storage

How Banks Benefit from the New Digital Operational Resilience Act by Pure Storage Blog We’ve all seen how ransomware can bring businesses, local governments, and other organizations to their knees. DORA closes a critical gap in data management for banks. They must have a plan, ready for execution, in a “day after attack” situation.

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Top 5 Tips for Cybersecurity Month

Zerto

With the holiday season approaching, business and consumer activity is expected to surge—and so are cyberthreats. Incident Response Plan Speed is the name of the game when it comes to cyber resilience. You also need to observe internal activities. Employing security tools before and after an incident is key to resilience.

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Money at Risk: Finance & Data Security in the Digital Age

NexusTek

Recent research focusing on threat activity in 2022 revealed that distributed-denial-of-service (DDoS) attacks have become the biggest threat to financial services businesses. Getting a sense that their bank, lender, or investment firm has weak security can drive customers to close their accounts and switch to a competitor.

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Make Rapid-Fire Reporting Standards Work for You

FS-ISAC

Several trade associations – including Bank Policy Institute, U.S. There are several steps financial institutions can take to improve response time and ensure readiness when a crisis strikes. Develop an effective incident response plan and handling strategies. The directive has resulted in some pushback.

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Cyberrisk Management Tips for Businesses Amid the Russia-Ukraine War

Risk Management Monitor

Cyberrisk has also drawn considerable concern and the threat landscape continues to evolve rapidly, though the details of increased cyberattack activity are not yet fully known and may be largely unfolding below the surface right now.

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Internal Controls & Fraud Prevention

Reciprocity

Internal fraudsters might engage in fraudulent activity for years by taking advantage of their “trusted insider” status. Without a robust control environment, fraudsters can exploit a weakness or take advantage of their position or influence to commit a fraudulent activity. Fraud is often difficult to detect.

Audit 52
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Your North Star in a Compound Crisis

Fusion Risk Management

Inflation is on the rise and to combat this, central banks are increasing interest rates. Identify potential disasters and activate contingency plans sooner. ?Unfortunately, While this can’t help you predict when something happens it will enable you to activate your plans as soon as an issue arises. .