LogisManager
FEBRUARY 10, 2022
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.
LogisManager
JULY 22, 2021
Topic: Creating a business continuity planning process that sets your business up for long-term success. In 2020, we wrote about helping this bank channel chaos into creativity during the early days of the pandemic when there was an influx of PPP loan requests (check out the full story here ). Introduction.
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Erwood Group
JANUARY 28, 2024
In times of crisis, a comprehensive business continuity plan ensures that every facet of the organization is resilient. Myth 2: Business Continuity Plans Are Only for Large Enterprises. Size doesn’t dictate the need for business continuity. Myth 5: Business Continuity is Too Expensive for Small Businesses.
MHA Consulting
MARCH 23, 2023
Collectively, these guidelines make up the FFIEC Business Continuity standard, whose purpose is to make sure the banks and other financial institutions that are required to follow it can continue to operate even if they are hit with a disruption. The FFIEC standard can be found here, and it’s completely free. Not even close.
Fusion Risk Management
APRIL 5, 2023
The Impact of Ineffective Resilience Capabilities is Severe Imagine a bank that experiences a catastrophic outage in its IT systems , preventing customers from accessing their accounts for several days. This is exactly what recently happened with TSB Bank and Applied Materials. million customers.
MHA Consulting
JULY 27, 2023
Organizations now have to contend with a heightened risk of drought, flooding, heat waves, wildfires, hurricanes, political unrest, global conflict, cyberattack, power outages, active shooters, supply chain disruptions, pandemic, social-media impacts, and all the rest.
Plan B Consulting
SEPTEMBER 24, 2012
In fact, during an incident a smartphone can act as a mini incident room, ensuring emails can be sent, holding copies of the plans and contact numbers and allowing the user to get information from the internet. I imagined individual cells could go down but not a whole system.
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