The Failover Plan Podcast

DECEMBER 14, 2020

Episode Summary: Gamification is the application of game-design elements and game principles in non-game contexts. Today on the podcast, we’re talking with James MacDonnell - Director, Crisis Management and Business Continuity at BDO USA. Gamification is the application of game-design elements and game principles in non-game contexts.

Business Continuity 130

Business Continuity Crisis Management Hospitality Risk Management 130

Pure Storage

JUNE 6, 2023

Once companies are required to be in compliance with DORA in early 2025, banks’ responsibilities for operational risks will expand to include protection, detection, containment, recovery, and repair capabilities against information and communication technologies (ICT) incidents. The key metric of success was a low cost of ownership.

Banking 97

Banking Resilience Financial Services Architecture 97

Pure Storage

JANUARY 26, 2022

When it comes to regulation, the financial services industry has faced an unrelenting increase in the number of rules and obligations over the past several years, including Know Your Customer (KYC) / Anti-Money Laundering (AML), fraud protection, trade monitoring, privacy, and more. This is the first blog post in a series on RegTech.

Financial Services 59

Financial Services Fashion Technology Risk Management 59

Pure Storage

MAY 13, 2024

The Third-party Vector Risk From the hackers’ perspective, it’s easy to see the appeal of reaching targets indirectly through vendors and cloud providers. Cybercriminals know that big attractive targets like major financial services and healthcare organizations will have robust defenses around their own assets.

Audit 52

Audit Banking Benchmark Application 52

Advancing Analytics

AUGUST 26, 2021

A report by Citigroup , showed that after the technology sector, the financial services industry is the biggest spender on AI services and is experiencing exponential growth. Interestingly, the insurance sector has 100% live machine learning applications in use. Risk Management. Fraud Detection.

Financial Services 52

Financial Services Banking Insurance Insurance 52

FS-ISAC

JUNE 30, 2022

We spoke with MassMutual CISO Ariel Weintraub about how firms need to go beyond third-party risk management to focus on supply chain resiliency, and the different thinking required to effectively build it. For many organizations this is a far-off pipe dream - it requires completely containerizing each application.

Resilience 52

Resilience Failover Financial Services Cyber Resilience 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

Alternatively, and particularly in a Financial Services (FS) scenario, you’ll hear about DORA–the Digital Operational Resilience Act –which is a part of the European Union (EU) Digital Finance Package. (OK, three if you’re talking to a preschooler!)

Financial Services 52

Financial Services Banking Marketing Resilience 52

Reciprocity

APRIL 4, 2022

Hence cybersecurity risk management is crucial to prevent and mitigate cyber threats. To combat those threats, businesses need to develop digital risk management. We can define that as the processes used to assess, monitor, and treat the risks that arise from the digital business processes that are so common today.

Mitigation 52

Mitigation Cybersecurity Malware Media 52

Pure Storage

OCTOBER 4, 2022

In previous posts, we looked at some of the hottest areas for AI in financial services and the top challenges to be addressed when implementing an AI or machine learning program. . With their enormous data sets and extensive experience with analytics tools, financial firms have an advantage when it comes to AI and ML.

Banking 59

Banking Financial Services Strategic Application 59

Pure Storage

MAY 25, 2022

Financial services firms are rapidly adopting public cloud services because they recognize the potential for greater flexibility, scalability, cost management, and security than their existing solutions can offer. One way to address these limitations is through the utilization of Bare Metal as-a-Service, Powered by Pure.

Financial Services 52

Financial Services Marketing Application Pandemic 52

Fusion Risk Management

MARCH 8, 2023

During this Community Exchange session, we discussed a few approaches that you can take to ensure that your employee records are current.

Financial Services 52

Financial Services Risk Management Application Resilience 52

Reciprocity

DECEMBER 27, 2022

GRC is an integrated approach to managing the organization’s governance, IT and security risks, and regulatory compliance functions. The three pillars of a GRC program are governance, risk management, and compliance. Risk Management. Automate Vendor Risk Management. Governance.

Government 52

Government Audit Risk Management Disaster Recovery 52

Reciprocity

AUGUST 24, 2022

The various niches of risk management have become a veritable alphabet soup of acronyms. For example, retail is now “e-tail,” manufacturing plants are increasingly automated, and nearly every step of the hiring and contracting process happens online, from application to background checks to payroll. Which is best?

Risk Management 52

Risk Management Audit Insurance Insurance 52

Reciprocity

AUGUST 15, 2022

A compliance program helps a company to meet its legal requirements and to comply with applicable laws and regulations. So compliance risk management requires a complex web of compliance activities (from change management to compliance monitoring, and much more) to assure that all enterprise business units conform to applicable laws.

Management 52

Management Audit Banking Risk Management 52

Reciprocity

SEPTEMBER 30, 2022

Third parties generate, manage, or hold this data, resulting in even more severe threats to healthcare organizations and their information security. This is why third-party risk management and healthcare data security are critical. What is Healthcare Vendor Risk Management? Notes on Vendor Access et. Access to PII.

Healthcare 52

Healthcare Management Risk Management Vulnerability 52

Reciprocity

APRIL 4, 2022

Although people often use the words “assess” and “analyze” interchangeably, the terms are not synonymous in risk management. A risk assessment forms the backbone of your overall risk management plan. Security risks aren’t the only type of risk that organizations face.

All-Hazards 95

All-Hazards Mitigation Risk Management Hazard 95

Reciprocity

OCTOBER 1, 2022

As organizations and businesses around the world and across industries migrate their IT to the cloud, C-suites are faced with a new dilemma for governance, risk management and compliance (GRC) solutions: cloud versus on-premise software. That’s time and money that might be better spent elsewhere. GRC Software Solutions.

Government 52

Government Risk Management Internet Audit 52

Pure Storage

JANUARY 18, 2024

Financial firms are constantly on the lookout for data platforms that offer better performance, scalability, and reliability for their quant analysts, data scientists, risk managers, and others supporting their trading teams.

Benchmark 64

Benchmark Architecture Capacity Audit 64

Plan B Consulting

OCTOBER 17, 2022

Emergency services. Financial services. I haven’t seen anything which covers any penalties for failure to report an applicable cyber incident. Business line(s), including associated operations, services, functions, and support, that upon failure would result in a material loss of revenue, profit, or franchise value.

Banking 40

Banking Publishing Cybersecurity Security 40

FS-ISAC

OCTOBER 13, 2023

This may not become “the” framework, as there are others like the NIST AI Risk Management Framework. AI Risks for Financial Services Organizations AI as a democratizer of talent and a tool for enhancing people’s skills can also extend the capabilities of threat actors.

Cybersecurity 69

Cybersecurity Financial Services Authentication Resilience 69

Solutions Review

JANUARY 25, 2024

This is likely to impact industries where transparency matters, such as healthcare, financial services, and insurance. Embrace Access Control: Implement strong authentication and authorization protocols to ensure only authorized applications and users can access data.

Authentication 142

Authentication Cybersecurity Security Government 142

Solutions Review

FEBRUARY 1, 2024

This is likely to impact industries where transparency matters, such as healthcare, financial services, and insurance. Embrace Access Control: Implement strong authentication and authorization protocols to ensure only authorized applications and users can access data.

Healthcare 59

Healthcare Security Cybersecurity Government 59

Solutions Review

JANUARY 28, 2024

This is likely to impact industries where transparency matters, such as healthcare, financial services, and insurance. Embrace Access Control: Implement strong authentication and authorization protocols to ensure only authorized applications and users can access data.

Healthcare 52

Healthcare Security Cybersecurity Government 52