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Preparation Continues for the Digital Operational Resilience Act

Fusion Risk Management

While the methodology or framework for resilience may differ, the expectations are clear: businesses must adapt to the changing environment, mitigate potential impact, and continue to deliver important services to customers. Audit Access. One legislation addressing these risks is the landmark Digital Operational Resilience Act (DORA).

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TSPs: Making the Case to Invest in Risk and Resiliency

Fusion Risk Management

Many of our own customers have said that having a “tone at the top” from leadership is critical to get their business team’s buy-in, as no one really wants to take a time out to work on their continuity plans or risk mitigation strategy. Contractual Obligations.

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

LogisManager

For example, SVB had a Moody’s A1 issuer rating and KPMG signed off on SVB’s bank’s audit just 14 days before it declared bankruptcy. Their opinions, such as “Audit Opinions” and “Credit Ratings,” are based on the information provided to them, and they cannot be held liable for errors and omissions.

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The Top 6 Signs You Need to Update Your Data Recovery Plan for 2022

Solutions Review

You can outsource an IT support company to monitor your server and critical data to assess performance and identify potential issues before a disaster can occur. In addition to this, a Managed Service Provider (MSP) can perform a comprehensive audit of your infrastructure to determine how data flows through the network.

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Tips for Managing Third-Party Risk in Health Care

Reciprocity

Adopting a zero-trust approach to network and data access by third parties is the best way to mitigate such risks. Site content audits and script monitoring also help manage and minimize the risks of third-party scripts and plugins. Does the vendor outsource any IT services to fourth parties that can increase risk exposure?

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Severe Weather Preparedness: Managing Severe Weather Events During Other Crises

everbridge

Strategic Vectors that Mitigate Harm During Severe Weather. Be ready to outsource to consultants or contractors in case there are gaps. This centralized system should be able to audit all your natural disaster communications, activities, and tasks. Most importantly, stress test these systems and software.

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33 Data Protection Predictions from 19 Experts for 2024

Solutions Review

Instead, those that offer true sovereign resilience – enabling nation-states to build, operate, inspect, and audit their own infrastructure on their own terms and turf, will become the preferred option.” Outsourcing, white labelling, is a great way to deliver a high quality and diverse portfolio to customers.