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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

Aligned with existing regulations like NIS2 in the EU and the Bank of England Operational Resilience Regulation in the United Kingdom, DORA offers organizations the chance to leverage existing capabilities to meet the new requirements effectively. Compliance with DORA requires increased documentation to demonstrate adherence.

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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. The post Economic Impact of Russia Sanctions appeared first on Fusion Risk Management.

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Cyberrisk Management Tips for Businesses Amid the Russia-Ukraine War

Risk Management Monitor

Concerns about escalating cyber activity around the crisis are a vivid reminder of the importance of knowing your threat model and adjusting your risk management priorities accordingly. Evaluate and if possible, test your business continuity plans. and “How can we still work without any technology support?”.

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Your North Star in a Compound Crisis

Fusion Risk Management

For companies who made the choice to exit because the war made doing business impossible, they had to unwind their business operations. We had to adjust our reputational risk management and on-going third-party monitoring programs. . Identify potential disasters and activate contingency plans sooner. ?

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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. The post The evolution of cyber crime appeared first on Security Risk Management.

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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. These auditors must know how to assess fraud risk. For instance, all sales receipts and bank account deposit preparations should be documented. Strong internal controls.

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