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How Banks Benefit from the New Digital Operational Resilience Act

Pure Storage

How Banks Benefit from the New Digital Operational Resilience Act by Pure Storage Blog We’ve all seen how ransomware can bring businesses, local governments, and other organizations to their knees. DORA closes a critical gap in data management for banks. Banks (and other companies) built walls to protect their IT.

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Understanding DORA: How to operationalize digital resilience

everbridge

With DORA, there is a significant change for the financial sector because organizations are now mandated to ensure the resilience, continuity, and availability of their information and communication technology (ICT) systems while upholding stringent data security standards.

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Economic Impact of Russia Sanctions

Fusion Risk Management

One of the tools that central banks use to help combat inflation is to raise interest rates. However, there is concern from central banks that doing so can lead to additional market pressures and unintended consequences. Price of Commodities (Raw Materials).

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Cyberrisk Management Tips for Businesses Amid the Russia-Ukraine War

Risk Management Monitor

According to experts ranging from independent cybersecurity professionals to officials at the Cybersecurity and Infrastructure Security Agency (CISA), organizations at greatest risk right now include critical infrastructure , banks and other financial services firms, and of course key service providers in Ukraine or Russia.

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Internal Controls & Fraud Prevention

Reciprocity

These findings (and many more) show that fraud is a widespread risk that can affect any organization, its business continuity, and its reputation. For instance, all sales receipts and bank account deposit preparations should be documented. Strong internal controls. These auditors must know how to assess fraud risk.

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The evolution of cyber crime

SRM

Ever since Charles Darwin introduced the theory of evolution in 1859 we have been aware of the continual process of change in the natural world. When money was held in bank vaults, criminals used ingenuity and cunning to steal cash and valuables. Things are no different in the world of crime.

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Your North Star in a Compound Crisis

Fusion Risk Management

Inflation is on the rise and to combat this, central banks are increasing interest rates. For non-foreseeable events like a tornado or political unrest have a plan in place to be as prepared as possible ahead of time. . Establish a business continuity plan to help you prepare for the disruption of essential services. ?Anticipate