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.

Resilience 59

Resilience Strategic Banking Vulnerability 59

BCP Builder

APRIL 13, 2020

Unfortunately, I googled my bank when I was living in the UK and found myself on a fake login page. The next day, all of my money was transferred out of my bank account! It was a horrible situation and a stressful few days before finding out the bank was going to reimburse the funds.

BCP 52

BCP Banking Continuity Planning Business Continuity 52

BCP Builder

APRIL 13, 2020

In addition to the presentation, I have offered four E-Book’s for free download on the following topics: Business Continuity and Risk Management. How to choose a Business Continuity Plan Template. Pandemic Planning Guide. The next day, all of my money was transferred out of my bank account!

BCP 52

BCP Banking Continuity Planning Business Continuity 52

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.

BCM 74

BCM Impact Analysis Business Continuity Banking 74

Fusion Risk Management

MARCH 2, 2022

As risk managers, compliance with these new sanctions tests the bounds of third-party programs – as guardians of companies, risk practitioners can’t do business with sanctioned parties and operate lawfully. The post Ukraine-Russia Conflict Sanction Impacts appeared first on Fusion Risk Management.

Banking 52

Banking Telecommunications Government Resilience 52

Risk Management Monitor

MARCH 4, 2022

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?”.

Management 56

Management Malware Cybersecurity Insurance 56

Risk Management Monitor

DECEMBER 3, 2021

An increasingly key theme year over year, resilience is at the root of the latest Excellence in Risk Management India report from Marsh and RIMS—and the RIMS Risk Forum India 2021 virtual event , where the report was officially released today. Doing so increases the ability to develop effective responses.

Resilience 45

Resilience Pandemic Risk Management Scenario Planning 45

Pure Storage

FEBRUARY 21, 2024

Concepts like service recovery time objectives (SRTOs) are mandated and regulations recognize that recovery plans must prioritize the order in which functions are restored in the event of a protracted and staged recovery process. Financial firms will be required to demonstrate these capabilities through plans, testing, and reports.

Financial Services 59

Financial Services Resilience Audit Authorization 59

Solutions Review

SEPTEMBER 27, 2021

AuditBoard also streamlines audit, risk, and compliance programs with an enterprise workflow engine purpose-built to automate interaction across those three lines. Fusion Risk Management. Platform: LogicGate Risk Cloud. Platform: Resolver IT Risk Management. Platform: Fusion Framework System.

Government 92

Government Audit Risk Management Hospitality 92

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. Or, as so well articulated by the great British writer C.

Resilience 52

Resilience Insurance Insurance Audit 52

Fusion Risk Management

JUNE 13, 2022

We had to adjust our reputational risk management and on-going third-party monitoring programs. . Inflation is on the rise and to combat this, central banks are increasing interest rates. Identify potential disasters and activate contingency plans sooner. ? Rising interest rates put added pressure on consumer spending.

Transportation 52

Transportation Pandemic Resilience Continuity Planning 52

BCP Builder

APRIL 20, 2020

This means that management will need to address what their new business model will be. Business Continuity and Risk Management will hopefully be given the respect it deserves. Many professionals in senior roles did not understand, nor even care to understand business continuity and organisational resilience strategies.

BCP 52

BCP Continuity Planning Business Continuity Pandemic 52

BCP Builder

APRIL 20, 2020

This means that management will need to address what their new business model will be. Business Continuity and Risk Management will hopefully be given the respect it deserves. Many professionals in senior roles did not understand, nor even care to understand business continuity and organisational resilience strategies.

BCP 52

BCP Continuity Planning Business Continuity Pandemic 52

Fusion Risk Management

MAY 12, 2022

At Marcus Evans’s Operational Resilience In The Financial Sector conference, a session was held that was led by Vicki Gavin of Kaplan International with panel members Rich Cooper of Fusion Risk Management and Stella Nunn of PwC, taking the discussion forward. Pinpointing the Moment of Impact. Finding Our Voice.

Failover 52

Failover Resilience Crisis Management Mitigation 52

Fusion Risk Management

FEBRUARY 7, 2023

Once you’ve done that, it’s becoming increasingly important to train all of your teams, not just the crisis management team, on how to respond to disruptions. 2.26: Following MME, TSB quickly found itself in a crisis situation for which it was not prepared.

Financial Services 52

Financial Services Resilience Crisis Management Vulnerability 52

SRM

JUNE 21, 2019

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.

Vulnerability 52

Vulnerability Banking Insurance Insurance 52