Pure Storage

FEBRUARY 16, 2024

In late 2023, cultural institutions such as the British Library and the Museum of Fine Arts Boston were victims when a collection management software provider was hit by ransomware. Cyber insurance could get shaky. Risk assessment in the cyber insurance world is a moving target, something that underwriters don’t like very much.

Security 128

Security Insurance Insurance Government 128

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. and “How can we still work without any technology support?”. Check it out here: [link].

Management 56

Management Malware Cybersecurity Insurance 56

Reciprocity

AUGUST 15, 2022

Automated tools allow your compliance management system (CMS) to work effectively. Specifically, a compliance management system looks like a collection of policies, procedures, and processes governing all compliance efforts. The Federal Deposit Insurance Corp. FDIC), a primary U.S. FDIC), a primary U.S.

Management 52

Management Audit Banking Risk Management 52

Solutions Review

SEPTEMBER 9, 2021

Solutions Review’s listing of the best risk management software is an annual mashup of products that best represent current market conditions, according to the crowd. The editors at Solutions Review have developed this resource to assist buyers in search of the best risk management software and tools to fit the needs of their organization.

Risk Management 98

Risk Management Management Audit Hospitality 98

Pure Storage

MAY 13, 2024

The last year has seen such attacks hit Bank of America , Home Depot, T-Mobile , Okta , and Citrix. To help, a new class of tools has appeared on the market: Third-party cybersecurity risk management (TPCRM) platforms can help manage both assessment and ongoing monitoring.

Audit 52

Audit Banking Benchmark Application 52

MHA Consulting

MARCH 23, 2023

FFIEC in our industry is best known for providing the business continuity management standard that U.S. However, of the five, the FFIEC Business Continuity Management booklet is widely regarded as the toughest and best. financial institutions are required to meet. The Gold Standard FFIEC is the most aggressive standard in the U.S.

BCM 74

BCM Impact Analysis Business Continuity Banking 74

Solutions Review

SEPTEMBER 14, 2021

The editors at Solutions Review have compiled this list of the best Risk Management courses on Udemy to consider taking. Risk management is an essential skill in the data protection space. With this in mind, we’ve compiled this list of the best risk management courses on Udemy if you’re looking to grow your skills for work or play.

Risk Management 98

Risk Management Management Government Vulnerability 98

Pure Storage

MARCH 25, 2024

FFIEC is an interagency body composed of the heads of the five federal banking agencies: the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, the Office of the Comptroller of the Currency, and the Consumer Financial Protection Bureau. While the U.S.

Financial Services 59

Financial Services Resilience Banking Risk Management 59

Plan B Consulting

APRIL 2, 2024

This is a classic business continuity and emergency response incident, and I thought I would examine it through the lens of a couple of risk management concepts: black swan events and Reason’s Swiss cheese theory. The bank was the only short stretch of motorway without a barrier which would have kept the car on the motorway.

Banking 52

Banking Insurance Insurance Mitigation 52

LogisManager

MAY 20, 2021

Colonial Pipeline Hack: Failure in Risk Management. In recent years, these attacks have affected everyone from banks and hospitals to universities and municipalities; almost 2,400 organizations in the United States were victimized last year alone. This will also uncover poor management of privileged user accounts.

Risk Management 64

Risk Management Management Authentication Hospitality 64

Online Computers

JULY 14, 2023

In insurance, for instance, AI is already being used to automate claims processing and identify fraudulent claims. Insurance companies are also leveraging AI-powered chatbots to answer customer questions 24/7, freeing up customer service representatives to provide more in-depth support.

Advertising 52

Advertising Retail Healthcare Insurance 52

Fusion Risk Management

SEPTEMBER 12, 2022

Are you able to respond to and manage all of the SLAs (service-level agreements) that you’re required to adhere to contractually? . Your customer may ask you to meet a specific SLA in the event of a data breach so that they can activate their incident management processes . Or, as so well articulated by the great British writer C.

Resilience 52

Resilience Insurance Insurance Audit 52

Advancing Analytics

AUGUST 26, 2021

Besides that, the financial industry is a vast sector that includes banks, building societies, e-money institutions, mortgage companies, investment banking, credit unions, insurance and pension companies. Interestingly, the insurance sector has 100% live machine learning applications in use. Risk Management.

Financial Services 52

Financial Services Banking Insurance Insurance 52

Pure Storage

FEBRUARY 21, 2024

The Impact of Data Sovereignty on Business Data sovereignty compliance can be a major factor in decisions on data management, data security, data residency, and even IT architecture and cloud vendor selection. For example, the Health Insurance Portability and Accountability Act (HIPAA) regulates protected health information (PHI).

Audit 52

Audit Insurance Insurance Architecture 52

Online Computers

DECEMBER 21, 2023

Shadow IT can lead to noncompliance with the Health Insurance Portability and Accountability Act (HIPAA) or the Gramm-Leach-Bliley Act (GLBA) , resulting in large fines and legal issues. Productivity drain Time spent troubleshooting and managing shadow IT issues takes away from your IT staff’s ability to focus on core tasks.

Healthcare 52

Healthcare Malware Hazard Mitigation 52

Fusion Risk Management

NOVEMBER 3, 2022

Those of us who are deeply passionate about managing risk fundamentally understand that it is our own personal reputation at stake. Department of Justice includes provisions in its Guidelines on Corporate Compliance to assess governance in place and determine whether management is responsible.

Resilience 96

Resilience Cybersecurity Mitigation Risk Management 96

Pure Storage

MAY 5, 2022

That means organizations need to rethink how they’re managing this most precious asset. . On 9/11, swaths of companies’ data were lost that insurance claims wouldn’t cover. Like cash and banking, data storage isn’t meant to be a vault you can never access—it’s a living, breathing part of your infrastructure. How it’s managed.

Banking 98

Banking Insurance Insurance Application 98

CCEM Strategies

MAY 11, 2023

The risk of flooding tends to change based on the season as it can be caused by snow melt, sudden and aggressive rain storms, rain on snow events, or debris in waterways causing overtopping of banks or sudden redirection of the waterway. sewer backup versus overland flooding). Need Help with Risk Assessments, Planning and/or Engagement?

All-Hazards 52

All-Hazards Hazard Natural Hazard Transportation 52

Advancing Analytics

MAY 23, 2022

Unlocking mobile devices through facial images, authorising payments through facial recognition when using mobile banking, using Google lens to translate content in real-time, and unlocking the front door using facial recognition are examples of computer vision in action. Source: isurancejournal.com. Agriculture.

Advertising 52

Advertising Retail Healthcare Transportation 52

FS-ISAC

MAY 25, 2021

Banks around the world are used to quantifying financial risks such as market, credit, and liquidity risks. At Banco de Credito de Peru, the largest bank in the country, we consider all non-financial risks together, as they are interrelated and require the same governance processes. Risk Management as a Lifestyle.

Banking 52

Banking Cybersecurity Mitigation Risk Management 52

Solutions Review

JANUARY 25, 2024

This is likely to impact industries where transparency matters, such as healthcare, financial services, and insurance. Nick Edwards, VP of Product Management at Menlo Security “The explosion of Generative AI use following the launch of ChatGPT in November 2022 has opened a world of new risks and data privacy concerns.

Authentication 142

Authentication Cybersecurity Security Government 142

FS-ISAC

JUNE 12, 2023

It would be nice to have a clear answer for senior management and regulators about threat resiliency. The Index is facilitated by long-time FS-ISAC sponsor Security Risk Advisors, but it is developed by a wide group of intel, red, and fusion center leads from retail banks, asset managers, fintechs and insurers.

Benchmark 52

Benchmark Resilience Financial Services Alert 52

FS-ISAC

JUNE 12, 2023

It would be nice to have a clear answer for senior management and regulators about threat resiliency. The Index is facilitated by long-time FS-ISAC sponsor Security Risk Advisors, but it is developed by a wide group of intel, red, and fusion center leads from retail banks, asset managers, fintechs and insurers.

Benchmark 52

Benchmark Resilience Financial Services Alert 52

Erwood Group

JANUARY 28, 2024

Tailoring business continuity plans to the scale and needs of small businesses ensures effective preparedness without breaking the bank. Businesses can embrace business continuity without breaking the bank. Another is through gaining insurance coverage without increasing the premium from the provider.

Business Continuity 52

Business Continuity Disaster Recovery Continuity Planning Crisis Management 52

Castellan

MAY 26, 2022

The Financial Conduct Authority (FCA) , the Bank of England (BoE) , and the Prudential Regulation Authority (PRA) announced these new requirements a year ago to improve the operational resilience of financial services in the UK. The Impact of Resilience Management. Strengthen response and recovery planning based on those lessons.

Resilience 52

Resilience Financial Services Business Services Banking 52

Solutions Review

SEPTEMBER 27, 2021

Description: Apptega is a cybersecurity and compliance management platform that makes it easy for users to access, build, manage, and report their cybersecurity and compliance programs. With the platform, users can conduct internal audits, manage risks, optimize workflow efficiency, maintain SOX compliance, and manage controls.

Government 92

Government Audit Risk Management Hospitality 92

Fusion Risk Management

AUGUST 18, 2022

The DORA is an expansion of the groundbreaking operational resilience requirements first set forth by the Bank of England , FCA, and PRA. The DORA is landmark legislation that is the first of its kind that focuses on how regulated entities manage their ICT risk. Use technology to manage your ICT risk. Map your dependencies.

Resilience 52

Resilience Authorization Gap Analysis Risk Management 52

Plan B Consulting

MARCH 12, 2020

I always tell readers to try and horizon scan and think about future incidents, and when teaching incident management, I always say you need to try and get ahead of the incident. Leadership is key in reassuring stakeholders and staff, and management should be visible and in listening mode.

Pandemic 52

Pandemic Banking Travel Insurance 52

Plan B Consulting

MARCH 12, 2020

I always tell readers to try and horizon scan and think about future incidents, and when teaching incident management, I always say you need to try and get ahead of the incident. Leadership is key in reassuring stakeholders and staff, and management should be visible and in listening mode.

Pandemic 52

Pandemic Banking Travel Insurance 52

Security Industry Association

APRIL 7, 2022

Strict privacy laws and regulations, such as the Health Insurance Portability and Accountability Act (HIPAA), are important considerations when deploying and financing security solutions in the health care sector. Susceptible areas such as blood banks and pharmaceutical storage also require controlled access. Managing Data.

Hospitality 52

Hospitality Security Technology Alert 52

Plan B Consulting

NOVEMBER 1, 2019

Bank account numbers Sort codes Credit card information Invoicing details 6. For example, do we hold National Insurance Numbers, do we hold credit card numbers or not? What is the most embarrassing bit of information you hold? Consider information and personal comments in emails or company communication system?

Banking 52

Banking Internet Audit Insurance 52

Plan B Consulting

NOVEMBER 1, 2019

Bank account numbers Sort codes Credit card information Invoicing details. For example, do we hold National Insurance Numbers, do we hold credit card numbers or not? What is the most embarrassing bit of information you hold? Consider information and personal comments in emails or company communication system?

Banking 52

Banking Internet Audit Insurance 52

Reciprocity

MARCH 24, 2022

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.

Audit 52

Audit Banking Activation Authorization 52

SRM

JUNE 21, 2019

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. 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.

Vulnerability 52

Vulnerability Banking Insurance Insurance 52

Advancing Analytics

MAY 9, 2022

Industries such as banks, insurers, gyms, telecommunications, and online streaming providers, for example, all track churn rates. In simple terms, it is a one-stop-shop that allows you to ingest, prepare, and manage data that can then be used for machine learning and business intelligence, all from a single place.

Telecommunications 90

Telecommunications Communications Banking Insurance 90

Plan B Consulting

NOVEMBER 24, 2017

This week I spent some time teaching the GPG course in-house for a bank. I then looked at the £10m figure, which was a real figure the company banked every day, confirmed by the finance department. One insurance company I worked with calculated the cost of downtime as being $30 BILLION.

Fashion 52

Fashion Banking Consulting Activation 52

Plan B Consulting

NOVEMBER 24, 2017

This week I spent some time teaching the GPG course in-house for a bank. I then looked at the £10m figure, which was a real figure the company banked every day, confirmed by the finance department. One insurance company I worked with calculated the cost of downtime as being $30 BILLION. Comments: Chris Green FBCI MSc.

Fashion 52

Fashion Banking Consulting Activation 52