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Financial Panic in the Age of Digital Banking Social Media

The Rand Blog

Bank runs as a source of systemic risk are nothing new. To manage systemic risks in the age of social media, regulators may need to anticipate where the crisis will go and build in automatic brakes to slow them down. There likely won't be time to react at the speed of negotiation between regulators and bankers.

Banking 104
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How Banks Benefit from the New Digital Operational Resilience Act

Pure Storage

How Banks Benefit from the New Digital Operational Resilience Act by Pure Storage Blog We’ve all seen how ransomware can bring businesses, local governments, and other organizations to their knees. DORA closes a critical gap in data management for banks. Banks (and other companies) built walls to protect their IT.

Banking 97
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What a 1930s Bank Robber Can Teach Financial Institutions About Ransomware

Pure Storage

Legend has it that when Willie Sutton, a notorious bank robber from the last century, was asked why he robbed banks, he responded, “That’s where the money is.” Willie Sutton didn’t rob banks at random. Willie Sutton was remarkably successful because he always zeroed in on banks with the most readily available cash and valuables.

Banking 105
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What Is Reputational Risk For Banks?

LogisManager

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.

Banking 52
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What We Can Learn from the Silicon Valley Bank Failure and Leadership in Risk Management

Business Resilience Decoded

Episode 154: What We Can Learn from the Silicon Valley Bank Failure and Leadership in Risk Management The Silicon Valley Bank failure sent a strong ripple effect through the financials of several prominent companies, and instilled some fear that other banks might fail as well.

Banking 36
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Choosing the right backup media for 3-2-1

OffsiteDataSync

With the 3-2-1 rule, the middle part of the maxim says that an organization needs to have copies of its data on at least two different kinds of media. Since you definitely don’t have your production data on tape, you’ve got data on two types of media. That’s why your backups need to be on two different forms of media.

Media 52
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Why It Should Be The Year Of Crisis Preparedness For Your Brand

Bernstein Crisis Management

When a full 63% of your brand’s market value can be tied directly to how strong its reputation is, a single negative news article or popular social media post bashing its behavior can hit you right where it really hurts — in the bank account!