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What Is Reputational Risk For Banks?

LogisManager

What Is Reputational Risk For Banks. In the banking industry, managing reputational risk is a complex and ongoing discipline. Just like any business, banks face a myriad of risks. What is Reputational Risk Management in Banks? Risk management is an essential piece of any bank’s operations.

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Ukraine-Russia Conflict Sanction Impacts

Fusion Risk Management

This list is not exhaustive and continues to evolve, but the core areas where sanctions have been applied include: Financial Institutions. The United States and its allies announced that certain Russian banks would be shut off from the Society for Worldwide Interbank Financial Communications (“SWIFT”).

Banking 52
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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. These professionals are adjusting their plans to account for these compound crises and are working to understand how their existing continuity plans can be impacted when faced with addressing multiple crises. And remember Covid?

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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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The Best Risk Management Software to Consider for 2021 and Beyond

Solutions Review

The platform also offers continuity planning capabilities, allowing users to sequence their actions based on dependency and what-if analysis, rather than static plans. Additionally, users can utilize continuous control monitoring and self-assessments to report on their risk posture and activity in near real-time.

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The Colonial Pipeline Hack: Failure in Risk Management

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For example, a forensic finding made during an evaluation of Colonial Pipeline noted numerous known and preventable vulnerabilities, such as unpatched and outdated systems, that likely led to the security breach.

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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.