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Silicon Valley Bank (SVB) Failures in Risk Management: Why ERM vs GRC

LogisManager

Silicon Valley Bank (SVB) Failures in Risk Management: Why ERM vs GRC By Steven Minsky | May 5, 2023 Silicon Valley Bank (SVB) was closed by regulators and reminded us of the recession associated with Lehman Brothers and Washington Mutual Bank in 2008.

Banking 98
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Money at Risk: Finance & Data Security in the Digital Age

NexusTek

Chief among these is the unarguable fact that financial services organizations are consistently a top target for cyber threat actors, a reality that exists in tension with the #1 criterion customers use to evaluate financial institutions: security 1.

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3 Steps to Prepare for 2024 and Beyond with the Risk Maturity Model

LogisManager

From economic fluctuations to cybersecurity threats, from regulatory changes to environmental hazards, the risk landscape is constantly evolving, and organizations must be agile and proactive to stay ahead. In the first case, a bank faced a safety and soundness review during the recession.

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3 Steps to Prepare for 2024 and Beyond with the Risk Maturity Model

LogisManager

From economic fluctuations to cybersecurity threats, from regulatory changes to environmental hazards, the risk landscape is constantly evolving, and organizations must be agile and proactive to stay ahead. In the first case, a bank faced a safety and soundness review during the recession.

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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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Statutory Cyber Incident Reporting in the USA

Plan B Consulting

The Act itself does not define the notification requirements, but requires the Cybersecurity and Infrastructure Security Agency (CISA) to develop and implement regulations requiring certain designated organisations to report cyber incidents and ransomware payments to the CISA. Federal Bank Regulators.

Banking 40
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The Ukraine Invasion: What Are the Impacts on Supply Chain Dynamics?

Fusion Risk Management

The Bank of England, as part of their operational resilience policy statement , continually outlined the need for institutions to ensure that they can continue to deliver their important business services during severe (or extreme) but plausible scenarios.