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

FS-ISAC

SEPTEMBER 8, 2021

Cyber threat activity is at an all-time high. One way we are helping to solve this problem at Bank of America is to focus a piece of our recruitment and retention efforts on neurodiversity. You are effectively giving a strategic advantage to your adversary. Seeing Different Signals in the Noise.

Banking 145

Banking Cybersecurity Financial Services Malware 145

Pure Storage

OCTOBER 4, 2022

Banks and financial firms are being inundated with stories heralding the benefits of AI and its close cousins, machine learning and deep learning. In fact, McKinsey estimates that artificial intelligence can generate up to $1 trillion additional value for the global banking industry annually.¹ And those benefits are real.

Banking 59

Banking Financial Services Strategic Application 59

Security Industry Association

OCTOBER 19, 2022

Depending on the department or setting, data can be collected through various methods and utilized to help the organization’s decision-making concerning financial and strategic goals. Additionally, from a safety management perspective, AI can identify driving trends for each vehicle and/or driver.

Security 98

Security Technology Retail Hospitality 98

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

Fusion Risk Management

JANUARY 24, 2023

and the EU operate with dedicated teams who work with the organization and local regulators to address the requirements that have been established by the Bank of England (BoE), Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA), and other EU-based authorities. Generally, global firms with a heavy presence in the U.K.

Resilience 52

Resilience Financial Services All-Hazards Disaster Recovery 52

Fusion Risk Management

NOVEMBER 27, 2023

At Compass 2023 , Fusion customers as well as presenters from our strategic partner, PwC , shared firsthand experiences in a panel session on geopolitics, regulations, and resilience. The panel agreed that regulators are taking a more prescriptive approach to TPRM across the globe.

Resilience 52

Resilience Risk Management Financial Services Business Continuity 52

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. FICO recently reported that 4 out of 5 banks in their survey had experienced an increase in fraud activities.

Financial Services 52

Financial Services Banking Insurance Insurance 52

Security Industry Association

JULY 28, 2023

Prior to working in the security industry, Moss Early was in the banking industry serving as a senior vice president in sales, marketing and operational roles for over 16 years. O’Brien will assist the board in implementing its strategic director for FAST. Recently, FAST also welcomed Aiden O’Brien as its new executive director.

Security 52

Security Marketing Education Technology 52

Pure Storage

JUNE 16, 2022

They took a strategic approach to the migration, starting with arrays that took up the most space and caused the most maintenance issues to help the bank achieve immediate benefits and successfully complete the project. Let’s go a little deeper. But did the projects achieve the overall business goals?

Management 52

Management Architecture Banking Strategic 52

BMC

DECEMBER 15, 2022

Here are some of the takeaways from my discussion with BMC’s own ESG thought leaders: AVP of Experience Design and Development Mark Fries ; Vice President of Research and Development Srini Packirisamy , Senior Principal Solution Engineer Des Sanders ; and Strategic Field CTO Craig Sisson. You can repurpose it for the greater good.

Government 52

Government Transportation Security Banking 52

Security Industry Association

MAY 18, 2022

Gena Alexa has held key technical and management roles in the delivery of strategic government biometrics programs for more than 20 years. The company’s consulting arm advises government agencies, universities, banks and corporations on issues related to identity and credentialing. About IDEMIA. About Biometric Update.

Security 98

Security Travel Government Education 98

LogisManager

JUNE 24, 2021

That’s why it’s critical to analyze your audience before strategically designing your execution. The biggest challenges our customers face surrounding ESG is developing a strategic execution plan. But what if you’re a bank? People get emotional about the topics that ESG focuses on, and emotion drives behavior.

Government 59

Government Banking Pandemic Risk Management 59

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. None of these things have anything to do with proper risk management.

Risk Management 98

Risk Management Management Government Vulnerability 98

Fusion Risk Management

MAY 12, 2022

Over the past year and more, we saw financial firms implementing operational resilience programs to comply with the Bank of England, PRA, and FCA regulations. Pinpointing the Moment of Impact. We might have to react based off of limited information to begin with, but we will at least be reacting. Rehearsing Different Scenarios.

Failover 52

Failover Resilience Crisis Management Mitigation 52

Fusion Risk Management

MARCH 14, 2022

The January joint FCA/PRA/Bank of England operational resilience paper spoke to the value of this new operating model in depth: “The policy we introduced last March seeks to drive better outcomes for consumers, clients, and markets. Material changes to operations/org structure and/or a change or addition to a key vendor relationship .

Financial Services 40

Financial Services Resilience All-Hazards Vulnerability 40

Plan B Consulting

DECEMBER 21, 2016

Last week I delivered a series of exercises for a Bank in Portugal. Staff would be sent home and they would be able to keep one floor for their most time critical activities. Many people only write plans for critical activities and I think it is worth writing a plan for the non-critical activities. So what did I learn?

Activation 52

Activation Banking Business Continuity Capacity 52

Plan B Consulting

DECEMBER 21, 2016

Last week I delivered a series of exercises for a Bank in Portugal. Staff would be sent home and they would be able to keep one floor for their most time critical activities. Many people only write plans for critical activities and I think it is worth writing a plan for the non-critical activities. So what did I learn?

Activation 52

Activation Banking Business Continuity Capacity 52

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. Recovery Team Activation. Plan Activation. For now, we’ll just focus on where we are at today.

Continuity Planning 114

Continuity Planning Business Continuity BCP Disaster Recovery 114

BCP Builder

APRIL 20, 2020

I think that Business Continuity Certification will be made mandatory by Insurance Companies and Banks. We can also anticipate investment in national capability for Personal Protective Equipment and testing as a strategic imperative. New norms will be defined and a greater appreciation will be had for business continuity planning.

BCP 52

BCP Continuity Planning Business Continuity Pandemic 52

BCP Builder

APRIL 20, 2020

I think that Business Continuity Certification will be made mandatory by Insurance Companies and Banks. We can also anticipate investment in national capability for Personal Protective Equipment and testing as a strategic imperative. New norms will be defined and a greater appreciation will be had for business continuity planning.

BCP 52

BCP Continuity Planning Business Continuity Pandemic 52

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

Solutions Review

JANUARY 25, 2024

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. million, highlighting the urgency for agencies to adopt a strategic, risk-based approach to data protection in 2024 and beyond.” Larry Whiteside, Jr.,

Authentication 142

Authentication Security Cybersecurity Government 142

Solutions Review

FEBRUARY 1, 2024

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. million, highlighting the urgency for agencies to adopt a strategic, risk-based approach to data protection in 2024 and beyond.” Larry Whiteside, Jr.,

Healthcare 59

Healthcare Security Cybersecurity Government 59

Solutions Review

JANUARY 28, 2024

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. million, highlighting the urgency for agencies to adopt a strategic, risk-based approach to data protection in 2024 and beyond.” Larry Whiteside, Jr.,

Healthcare 52

Healthcare Security Cybersecurity Government 52