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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. And when it happens, a ready-to-implement plan will be of the utmost importance.

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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. Check it out here: [link].

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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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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.

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Your North Star in a Compound Crisis

Fusion Risk Management

Kristalina Georgieva, Managing Director, International Monetary Fund (IMF) said it best in the concluding remarks at Davos — “The overlaying of crisis upon crisis has taught us one thing, think of the unthinkable. We had to adjust how we managed our internal risk and control frameworks. . And remember Covid? Assess your risk.

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Internal Controls & Fraud Prevention

Reciprocity

Employees or senior management create fictitious revenues, understate revenues, hide liabilities, or inflate assets in financial statement fraud. Along with management reviews, internal audits are critical to assess existing anti-fraud controls and assure they remain effective and up-to-date. Financial Statement Fraud.

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45 World Backup Day Quotes from 32 Experts for 2023

Solutions Review

To ensure protection against these threats, mandatory strategies now include offsite or air-gapped copies, which can be a headache to manage, or become obsolete over time. Efficient data backup drives innovation “Companies most adept at managing their multi-cloud storage are 5.3x

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