Plan B Consulting

APRIL 2, 2024

This is a classic business continuity and emergency response incident, and I thought I would examine it through the lens of a couple of risk management concepts: black swan events and Reason’s Swiss cheese theory. The bank was the only short stretch of motorway without a barrier which would have kept the car on the motorway.

Banking 52

Banking Insurance Insurance Mitigation 52

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. Ability to Procure Cyber Insurance.

Resilience 52

Resilience Insurance Insurance Audit 52

Advancing Analytics

AUGUST 26, 2021

Besides that, the financial industry is a vast sector that includes banks, building societies, e-money institutions, mortgage companies, investment banking, credit unions, insurance and pension companies. Interestingly, the insurance sector has 100% live machine learning applications in use. Risk Management.

Financial Services 52

Financial Services Banking Insurance Insurance 52

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. Defining a Critical ICT. Map your dependencies.

Resilience 52

Resilience Authorization Gap Analysis Risk Management 52

Solutions Review

SEPTEMBER 27, 2021

Solutions Review’s listing of the best governance, risk, and compliance software is an annual mashup of products that best represent current market conditions, according to the crowd. Enablon also allows users to establish, manage, and track Key Risk Indicators (KRIs) and Key Performance Indicators (KPIs) to better meet objectives.

Government 92

Government Audit Risk Management Hospitality 92

FS-ISAC

MAY 25, 2021

Banks around the world are used to quantifying financial risks such as market, credit, and liquidity risks. But in a digital finance world that is quickly advancing into uncharted territory, non-financial risks – operational risk, fraud prevention, IT risk, and cybersecurity – are increasingly critical to the business.

Banking 52

Banking Cybersecurity Mitigation Risk Management 52

Reciprocity

AUGUST 15, 2022

The Federal Deposit Insurance Corp. 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. Senior Management. FDIC), a primary U.S. Let’s look at several examples.

Management 52

Management Audit Banking Risk Management 52

Reciprocity

MARCH 24, 2022

For example, all activities related to financial record-keeping, authorization, reconciliations, and reviews should be divided among different employees. For instance, all sales receipts and bank account deposit preparations should be documented. Leverage ZenRisk to Mitigate Fraud Risk in Your Organization.

Audit 52

Audit Banking Activation Authorization 52

Erwood Group

JULY 12, 2022

Insurance Contact Information. Risk Assessment Key Findings. Crisis Management Levels. Some managers have authority and experience as to when to invoke all or parts of a business continuity plan. You’ll certainly want to include contact information for the following: Facility Management Provider/Building Owner.

Continuity Planning 114

Continuity Planning Business Continuity BCP Disaster Recovery 114

Solutions Review

JANUARY 25, 2024

This is likely to impact industries where transparency matters, such as healthcare, financial services, and insurance. Embrace Access Control: Implement strong authentication and authorization protocols to ensure only authorized applications and users can access data. Upholding good cyber hygiene.

Authentication 142

Authentication Cybersecurity Security Government 142

Solutions Review

FEBRUARY 1, 2024

This is likely to impact industries where transparency matters, such as healthcare, financial services, and insurance. Embrace Access Control: Implement strong authentication and authorization protocols to ensure only authorized applications and users can access data. Upholding good cyber hygiene.

Healthcare 59

Healthcare Security Cybersecurity Government 59

Solutions Review

JANUARY 28, 2024

This is likely to impact industries where transparency matters, such as healthcare, financial services, and insurance. Embrace Access Control: Implement strong authentication and authorization protocols to ensure only authorized applications and users can access data. Upholding good cyber hygiene.

Healthcare 52

Healthcare Security Cybersecurity Government 52