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

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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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How to Implement Threat Modeling in Your DevSecOps Process

Pure Storage

How to Implement Threat Modeling in Your DevSecOps Process by Pure Storage Blog This blog on threat modeling was co-authored by Dr. Ratinder Paul Singh Ahuja, CTO for Security and Networking, and Rajan Yadav , Director of Engineering, CNBU (Portworx), Pure Storage. This can be a serious threat to audit trails and other compliance controls.

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Operational Resilience for Financial Services: A Perspective from the U.S.

Pure Storage

FFIEC is an interagency body composed of the heads of the five federal banking agencies: the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, the Office of the Comptroller of the Currency, and the Consumer Financial Protection Bureau. While the U.S.

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Operational Resilience for Financial Services: The View from APAC

Pure Storage

Some of the highlights include: Singapore The Monetary Authority of Singapore (MAS) has long been proactive when it comes to operational resilience, first introducing business continuity guidelines in 2003 and continuing to expand and refine its approach.

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Internal Controls & Fraud Prevention

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For example, all activities related to financial record-keeping, authorization, reconciliations, and reviews should be divided among different employees. Internal Audits. Solid internal audit procedures limit the risk of fraud. Solid internal audit procedures limit the risk of fraud. External Audits.

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The Best Risk Management Software to Consider for 2021 and Beyond

Solutions Review

Our editors selected the best risk management software based on each solution’s Authority Score; a meta-analysis of real user sentiment through the web’s most trusted business software review sites and our own proprietary five-point inclusion criteria. Platform: Archer IT & Security Risk Management. Fusion Risk Management.

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What Does a Compliance Management System Look Like?

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Regular audits of the compliance program. 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. Compliance Audit. The Federal Deposit Insurance Corp.