Pure Storage

MAY 13, 2024

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.

Audit 52

Audit Banking Benchmark Application 52

everbridge

MAY 3, 2024

Aligned with existing regulations like NIS2 in the EU and the Bank of England Operational Resilience Regulation in the United Kingdom, DORA offers organizations the chance to leverage existing capabilities to meet the new requirements effectively. Compliance with DORA requires increased documentation to demonstrate adherence.

Resilience 52

Resilience Risk Management Change Management Communications 52

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. Be sure to engage with regulators, enforcement agencies, banks and insurers for guidance.

Banking 58

Banking Management Insurance Insurance 58

Zerto

DECEMBER 5, 2023

The Digital Operational Resilience Act (DORA) is a new regulation that creates a binding, comprehensive information and communication technology (ICT) risk management framework for the European Union (EU) financial sector. Application-Centric Protection and Recovery: Zerto treats applications and workloads as a single cohesive unit.

Disaster Recovery 52

Disaster Recovery Outage Banking Application 52

Pure Storage

SEPTEMBER 5, 2023

Why Encryption is Key to Cost Efficient GDPR Compliance by Pure Storage Blog The EU Digital Operational Resilience Act (DORA) reinforces the principles of the GDPR (adding to our GDPR compliance) to strengthen data protection measures for banking institutions operating within the EU.

Banking 52

Banking Travel Application Resilience 52

LogisManager

MAY 22, 2023

From economic fluctuations to cybersecurity threats, from regulatory changes to environmental hazards, the risk landscape is constantly evolving, and organizations must be agile and proactive to stay ahead. In uncertain times, it is crucial to have resources to analyze and demonstrate risks.

Risk Management 52

Risk Management Evaluation Banking Benchmark 52

LogisManager

MAY 22, 2023

From economic fluctuations to cybersecurity threats, from regulatory changes to environmental hazards, the risk landscape is constantly evolving, and organizations must be agile and proactive to stay ahead. In uncertain times, it is crucial to have resources to analyze and demonstrate risks.

Risk Management 52

Risk Management Evaluation Banking Benchmark 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. Interestingly, the insurance sector has 100% live machine learning applications in use. Risk Management.

Financial Services 52

Financial Services Banking Insurance Insurance 52

Plan B Consulting

APRIL 2, 2024

This is a classic business continuity and emergency response incident, and I thought I would examine it through the lens of a couple of risk management concepts: black swan events and Reason’s Swiss cheese theory. The bank was the only short stretch of motorway without a barrier which would have kept the car on the motorway.

Banking 52

Banking Insurance Insurance Mitigation 52

MHA Consulting

MARCH 23, 2023

Collectively, these guidelines make up the FFIEC Business Continuity standard, whose purpose is to make sure the banks and other financial institutions that are required to follow it can continue to operate even if they are hit with a disruption.

BCM 74

BCM Impact Analysis Business Continuity Banking 74

Pure Storage

JULY 7, 2022

Whether public, private, or hybrid, the mass migration of workloads to the cloud, while potentially starting to slow down from its breakneck pace, has introduced new levels of complexity to application deployment and data protection. Application service. That’s quite a bit of complexity to deal with. .

Security 105

Security Architecture Application Banking 105

Reciprocity

AUGUST 15, 2022

A compliance program helps a company to meet its legal requirements and to comply with applicable laws and regulations. In banking, for example, the FDIC, the Office of the Comptroller of the Currency (OCC), or the Consumer Financial Protection Bureau (CFPB) are stringent regulators that can impose high fines for compliance issues.

Management 52

Management Audit Banking Risk Management 52

Solutions Review

SEPTEMBER 27, 2021

AuditBoard also streamlines audit, risk, and compliance programs with an enterprise workflow engine purpose-built to automate interaction across those three lines. Enablon also allows users to establish, manage, and track Key Risk Indicators (KRIs) and Key Performance Indicators (KPIs) to better meet objectives. Navex Global.

Government 92

Government Audit Risk Management Hospitality 92

PagerDuty

MARCH 4, 2024

For example, the ability of a banking customer to access their bank balance immediately via a mobile app or for clients of a brokerage firm to be able to make trades against the market. DORA will apply directly to all EU member states from 17th January, 2025–the UK regulations come fully into force a little later on 31st March 2025.

Financial Services 52

Financial Services Banking Marketing Resilience 52

LogisManager

JULY 22, 2021

In 2020, we wrote about helping this bank channel chaos into creativity during the early days of the pandemic when there was an influx of PPP loan requests (check out the full story here ). It’s important for all organizations to have a Business Continuity Plan (BCP) in place, but in the banking industry, it’s critical. Introduction.

BCP 94

BCP Outage Continuity Planning Business Continuity 94

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

Plan B Consulting

OCTOBER 17, 2022

I haven’t seen anything which covers any penalties for failure to report an applicable cyber incident. The SEC has published proposed rules to enhance and standardise disclosures regarding cybersecurity risk management, strategy, governance, and cyber security incident reporting by public companies. Federal Bank Regulators.

Banking 40

Banking Publishing Cybersecurity Security 40

FS-ISAC

MAY 25, 2021

Banks around the world are used to quantifying financial risks such as market, credit, and liquidity risks. But in a digital finance world that is quickly advancing into uncharted territory, non-financial risks – operational risk, fraud prevention, IT risk, and cybersecurity – are increasingly critical to the business.

Banking 52

Banking Cybersecurity Mitigation Risk Management 52

Fusion Risk Management

MARCH 1, 2022

The Bank of England, as part of their operational resilience policy statement , continually outlined the need for institutions to ensure that they can continue to deliver their important business services during severe (or extreme) but plausible scenarios. appeared first on Fusion Risk Management. Two months?

Manufacturing 52

Manufacturing Logistics Vulnerability Transportation 52

FS-ISAC

OCTOBER 13, 2023

This may not become “the” framework, as there are others like the NIST AI Risk Management Framework. With more banks moving to the cloud, it makes sense for Google to stay in touch with the community and make sure we’re meeting customers where they are.

Cybersecurity 69

Cybersecurity Financial Services Authentication Resilience 69

Solutions Review

JANUARY 25, 2024

Embrace Access Control: Implement strong authentication and authorization protocols to ensure only authorized applications and users can access data. Coupled with the growing application of ML/AI in the areas of research and development, the potential for more breakthrough developments in quantum computing remains high.

Authentication 142

Authentication Cybersecurity Security Government 142

SRM

JUNE 21, 2019

When money was held in bank vaults, criminals used ingenuity and cunning to steal cash and valuables. These are the fake job adverts which get people to complete application forms which divulge sensitive personal information. The post The evolution of cyber crime appeared first on Security Risk Management.

Vulnerability 52

Vulnerability Banking Insurance Insurance 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.

Financial Services 40

Financial Services Resilience All-Hazards Vulnerability 40

BCP Builder

APRIL 20, 2020

This means that management will need to address what their new business model will be. Business Continuity and Risk Management will hopefully be given the respect it deserves. I think that Business Continuity Certification will be made mandatory by Insurance Companies and Banks. 2) what action to take if staff are sick.

BCP 52

BCP Continuity Planning Business Continuity Pandemic 52

BCP Builder

APRIL 20, 2020

This means that management will need to address what their new business model will be. Business Continuity and Risk Management will hopefully be given the respect it deserves. I think that Business Continuity Certification will be made mandatory by Insurance Companies and Banks. Risk Management.

BCP 52

BCP Continuity Planning Business Continuity Pandemic 52

Solutions Review

FEBRUARY 1, 2024

Embrace Access Control: Implement strong authentication and authorization protocols to ensure only authorized applications and users can access data. Coupled with the growing application of ML/AI in the areas of research and development, the potential for more breakthrough developments in quantum computing remains high.

Healthcare 59

Healthcare Security Cybersecurity Government 59

Solutions Review

JANUARY 28, 2024

Embrace Access Control: Implement strong authentication and authorization protocols to ensure only authorized applications and users can access data. Coupled with the growing application of ML/AI in the areas of research and development, the potential for more breakthrough developments in quantum computing remains high.

Healthcare 52

Healthcare Security Cybersecurity Government 52

Erwood Group

JULY 12, 2022

Loss of Technology: Loss of technology addresses the loss of one or more core critical technologies including, applications, data, data center, and network, hosted and delivered by the Technology Department. Business Continuity Planning will be for the loss/unavailability of an individual or single applications. Assumptions.

Continuity Planning 114

Continuity Planning Business Continuity BCP Disaster Recovery 114