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

LogisManager

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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5 Key Takeaways from the EU’s Digital Operational Resilience Act (DORA)

Pure Storage

The UK Takes the Lead in Enforcement While the first OR directives were issued by the EU several months ahead of the UK, the latter has taken the lead when it comes to enforcement, issuing a nearly $60 million fine related to a resiliency incident at a UK bank in late 2022.

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Money at Risk: Finance & Data Security in the Digital Age

NexusTek

The Facts: Financial Services Industry and Cyber Threats Year after year, cybersecurity research reveals the ugly facts. Getting a sense that their bank, lender, or investment firm has weak security can drive customers to close their accounts and switch to a competitor. Furthermore, controlling which parties (e.g.,

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

Pure Storage

Specifically, these have come from the Cybersecurity & Infrastructure Security Agency (CISA), Federal Financial Institutions Examination Council (FFIEC), and the National Cybersecurity Strategy (NCS) from the White House. CISA’s focus is on voluntary collaboration across all “critical infrastructures” in the U.S.

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SIA New Member Profile: Tedee

Security Industry Association

Just as online banking was once met with skepticism but is now an integral part of everyday life, we believe smart locks will revolutionize the way people secure their homes. Another thing is rise in cybersecurity measures. Grzegorz Chuchra, CEO at Tedee SM : At Tedee, our vision is clear: to put a smart lock on every door.

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Singing the Same Tune: The Case for Regulatory Harmonization

FS-ISAC

Compliance and reporting to regulatory authorities is another area where standardization plays an important role and can unlock considerable benefits for the different stakeholders. While cybercrime has been around for decades, the 2016 cyber heist against Bangladesh Bank was a watershed moment for financial authorities around the world.

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Vishing – What Is It and Should You Be Worried?

Plan B Consulting

In our personal lives, we are also cautious about scam phone calls, whether they are purportedly from banks, government officials, or individuals offering seemingly too-good-to-be-true deals. What can make vishing more difficult to detect is the use of deep fakes, using the voice of a person in authority to implement the scam.

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