Fusion Risk Management
JANUARY 5, 2023
Currently, TSPs are subject to financial service providers’ requirements via contractual obligations (such as the European Banking Authority’s third-party outsourcing requirements). It formalizes existing third-party outsourcing requirements and provides more prescriptive guidance on regulatory expectations. Audit Access.
Fusion Risk Management
SEPTEMBER 12, 2022
A bottom-up approach occurs when teams are issue spotting via speaking up about issues that they are encountering, control testing, or remediating audit findings. Contractual Obligations. Closely related to being viewed as a better partner are the many contractual obligations that can be imposed upon your organization.
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Fusion Risk Management
JANUARY 31, 2024
As organizations begin to determine the impact that DORA has on their specific business, a common thread has emerged: while Information and Communication Technology (ICT) Third-Party Risk Management (TPRM) is its own pillar in the regulation, TPRM touches on all other pillars of the regulation.
everbridge
SEPTEMBER 2, 2021
A unified emergency software platform can also automate action plans, SOPs, and communications so that teams have the information and data they need to act quickly. Be ready to outsource to consultants or contractors in case there are gaps. Most importantly, stress test these systems and software.
Plan B Consulting
AUGUST 27, 2015
If the personal information of your staff held by the organisation was compromised, including their dates of birth and financial information, do you have in place a pre-written communication which informs them of the risk and goes through the process for staff to check if they could be a victim of identity fraud and givie them useful advice?
Plan B Consulting
AUGUST 27, 2015
If the personal information of your staff held by the organisation was compromised, including their dates of birth and financial information, do you have in place a pre-written communication which informs them of the risk and goes through the process for staff to check if they could be a victim of identity fraud and givie them useful advice?
Reciprocity
AUGUST 24, 2022
Before outsourcing your business processes or striking some other deal with vendors, you do need to assess the risks they pose. If your vendor needs to meet a compliance standard or regulation, check recent security audits to review how well it manages compliance with that standard. Communication. Cybersecurity. Staff training.
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