LogisManager

MAY 20, 2021

Colonial Pipeline Hack: Failure in Risk Management. In recent years, these attacks have affected everyone from banks and hospitals to universities and municipalities; almost 2,400 organizations in the United States were victimized last year alone. Risk Assessments & User Access Reviews. Colonial Pipeline, a major U.S.

Risk Management 64

Risk Management Management Authentication Hospitality 64

Pure Storage

MARCH 25, 2024

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.

Financial Services 59

Financial Services Resilience Banking Risk Management 59

Solutions Review

SEPTEMBER 27, 2021

Description: AuditBoard is a cloud-based GRC offering that includes a suite of risk, audit, and compliance tools. With the platform, users can conduct internal audits, manage risks, optimize workflow efficiency, maintain SOX compliance, and manage controls. Fusion Risk Management.

Government 92

Government Audit Risk Management Hospitality 92

Fusion Risk Management

JANUARY 5, 2023

A key focus has been on technology and data service providers (TSPs) , as cyberattack incidents such as SolarWinds and Log4j have proven that third parties present risks that significantly impact important business services. One legislation addressing these risks is the landmark Digital Operational Resilience Act (DORA). Audit Access.

Resilience 52

Resilience Financial Services Audit Outsourcing 52

Pure Storage

FEBRUARY 21, 2024

A plan to meet the regulatory requirements as well as an audit regime were required by June 2023 and a first audit must be completed by June 2024. Australia The Australian Prudential Regulation Authority (APRA) released CPS 230 – Operational Risk Management for consultation in July 2022.

Financial Services 59

Financial Services Resilience Audit Authorization 59

Fusion Risk Management

SEPTEMBER 12, 2022

Even if it is difficult to use that regulatory hammer to secure funding for budget to purchase technology, this should not stop a progressive organization from using effective risk management disciplines to run their programs and serve their customers. Or, as so well articulated by the great British writer C. Contractual Obligations.

Resilience 52

Resilience Insurance Insurance Audit 52

Erwood Group

MARCH 30, 2023

While the Bank itself bears the bulk of the responsibility for its own demise, in this article we are going to look at the multiple factors leading to the collapse of Silicon Valley Bank. Formed in 1983, Silicon Valley Bank (SVB) was founded to provide financial services to startups, venture capitalists, and technology companies.

Banking 59

Banking Impact Analysis Risk Management Marketing 59

Fusion Risk Management

AUGUST 18, 2022

The DORA is an expansion of the groundbreaking operational resilience requirements first set forth by the Bank of England , FCA, and PRA. The key difference between the DORA and other resilience requirements is that its focus is on Information and C ommunication T echnology ( ICT ) risk. Map your dependencies.

Resilience 52

Resilience Authorization Gap Analysis Risk Management 52

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

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

Reciprocity

AUGUST 15, 2022

An effective compliance management system, the FDIC continues, typically includes: Board and management oversight; The compliance program itself; and. Regular audits of the compliance program. In June 2020, the OCC warned banks about compliance risks related to the COVID-19 pandemic. Compliance Audit.

Management 52

Management Audit Banking Risk Management 52

Reciprocity

MARCH 24, 2022

Segregation reduces the risk of inappropriate actions. Internal Audits. Solid internal audit procedures limit the risk of fraud. Along with management reviews, internal audits are critical to assess existing anti-fraud controls and assure they remain effective and up-to-date. External Audits.

Audit 52

Audit Banking Activation Authorization 52

everbridge

AUGUST 26, 2021

In 2011, when extreme flooding crippled factories in Thailand, the country’s central bank estimated that the supply-chain disruptions lowered Thailand’s GDP growth rate by 76 percent, dropping it from the forecasted 4.1 percent as a result of the floods, according to estimates by the United Nations Office for Disaster Risk Reduction.

Mitigation 52

Mitigation Logistics Risk Reduction Retail 52

Solutions Review

FEBRUARY 1, 2024

We’ve seen US states such as California passing their own privacy laws and drafting detailed regulations on cybersecurity audits, risk assessments, and automated decision making privacy by design in practice a must-do to be able to effectively respond to the demands of augmented privacy regulatory frameworks.

Healthcare 59

Healthcare Security Cybersecurity Government 59

Solutions Review

JANUARY 25, 2024

We’ve seen US states such as California passing their own privacy laws and drafting detailed regulations on cybersecurity audits, risk assessments, and automated decision making privacy by design in practice a must-do to be able to effectively respond to the demands of augmented privacy regulatory frameworks.

Authentication 142

Authentication Security Cybersecurity Government 142

Solutions Review

JANUARY 28, 2024

We’ve seen US states such as California passing their own privacy laws and drafting detailed regulations on cybersecurity audits, risk assessments, and automated decision making privacy by design in practice a must-do to be able to effectively respond to the demands of augmented privacy regulatory frameworks.

Healthcare 52

Healthcare Security Cybersecurity Government 52