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Silicon Valley Bank (SVB) Failures in Risk Management: Why ERM vs GRC

LogisManager

Silicon Valley Bank (SVB) Failures in Risk Management: Why ERM vs GRC By Steven Minsky | May 5, 2023 Silicon Valley Bank (SVB) was closed by regulators and reminded us of the recession associated with Lehman Brothers and Washington Mutual Bank in 2008.

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What is the Three Lines of Defense Approach to Risk Management?

LogisManager

The proposed standards emphasize a stronger corporate governance and include an over-arching requirement for these banks to adopt the Three Lines Model. They set policies, standards, and procedures, conduct risk assessments, and ensure that the first line complies with applicable laws, regulations, and internal policies.

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How CISOs Can Reduce Third-party Attack Vectors

Pure Storage

The last year has seen such attacks hit Bank of America , Home Depot, T-Mobile , Okta , and Citrix. But they also know that these organizations likely have relationships with dozens or even hundreds of SaaS applications and other IT providers. Tame SaaS sprawl Every additional application is a potential attack vector.

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Enable Two-Factor Authentication (2FA) to Add an Extra Layer of Security to Your Accounts

Erwood Group

Safeguarding Sensitive Information : For accounts containing sensitive information, such as banking, email, and social media accounts, 2FA provides an extra layer of protection, ensuring that your data remains safe. Enabling 2FA on Banking Apps Given the sensitivity of financial information, many banking apps offer 2FA.

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What is the Three Lines of Defense Approach to Risk Management?

LogisManager

The proposed standards emphasize a stronger corporate governance and include an over-arching requirement for these banks to adopt the Three Lines Model. They set policies, standards, and procedures, conduct risk assessments, and ensure that the first line complies with applicable laws, regulations, and internal policies.

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The CISOs Guide to Storage & Backup Cyber Resiliency

Solutions Review

These systems do a great job at inventorying and scanning networks, operating systems (OSes) and enterprise applications. Audit logging misconfigurations make it more difficult for the organization to detect brute force attacks and spot anomalous behavior patterns. Replicated copies and snapshots may not be properly secured.

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What Does a Compliance Management System Look Like?

Reciprocity

A compliance program helps a company to meet its legal requirements and to comply with applicable laws and regulations. Regular audits of the compliance program. In June 2020, the OCC warned banks about compliance risks related to the COVID-19 pandemic. Compliance Audit. The Federal Deposit Insurance Corp.