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. To make your search a little easier, we’ve profiled the best risk management software providers all in one place. The Best Risk Management Software.

Risk Management 98

Risk Management Management Audit Hospitality 98

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. Colonial Pipeline Hack: Introduction. Colonial Pipeline, a major U.S.

Risk Management 64

Risk Management Management Authentication Hospitality 64

Pure Storage

JANUARY 11, 2024

The UK Takes the Lead in Enforcement While the first OR directives were issued by the EU several months ahead of the UK, the latter has taken the lead when it comes to enforcement, issuing a nearly $60 million fine related to a resiliency incident at a UK bank in late 2022.

Resilience 117

Resilience Financial Services Banking Cybersecurity 117

everbridge

MAY 3, 2024

Aligned with existing regulations like NIS2 in the EU and the Bank of England Operational Resilience Regulation in the United Kingdom, DORA offers organizations the chance to leverage existing capabilities to meet the new requirements effectively. Compliance with DORA requires increased documentation to demonstrate adherence.

Resilience 52

Resilience Risk Management Change Management Communications 52

LogisManager

AUGUST 1, 2023

The National Credit Union Administration (NCUA) has recently released its priorities and areas of focus for the 2023 examinations, which include Interest Rate Risk, Credit Risk, and Information Security Risk. Easily organize and analyze data to prioritize resource allocation and address OCC and regulatory risk categories.

Risk Management 96

Risk Management Mitigation Banking Activation 96

Plan B Consulting

MAY 25, 2018

This week, I apply the PESTLE framework to business continuity, in response to finding other risk management frameworks too restricting. Over the last few weeks I have been thinking a lot about risk management frameworks for business continuity. Incident affecting the banking system d. Economic a.

Risk Management 52

Risk Management Management All-Hazards Hazard 52

Plan B Consulting

MAY 25, 2018

This week, I apply the PESTLE framework to business continuity, in response to finding other risk management frameworks too restricting. Over the last few weeks I have been thinking a lot about risk management frameworks for business continuity. Incident affecting the banking system d. Hostile takeover b.

Risk Management 52

Risk Management Management All-Hazards Hazard 52

MHA Consulting

FEBRUARY 22, 2024

Related on MHA Consulting: The ABCs of ERM: The Rise of Enterprise Risk Management An Exciting New Partnership A couple of weeks ago, MHA Consulting issued the announcement of its new partnership with Kroll, the global leader in enterprise risk management, executive security, and cybersecurity services.

BCM 52

BCM Risk Management Business Continuity Consulting 52

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

AUGUST 1, 2023

The National Credit Union Administration (NCUA) has recently released its priorities and areas of focus for the 2023 examinations, which include Interest Rate Risk, Credit Risk, and Information Security Risk. Easily organize and analyze data to prioritize resource allocation and address OCC and regulatory risk categories.

Risk Management 52

Risk Management Mitigation Banking Activation 52

Fusion Risk Management

NOVEMBER 3, 2022

These requirements can apply in third-party risk scenarios but also more broadly across the enterprise where risk for misconduct exists. Circling back to third-party risks, fines for violating sanctions can range from $90,000-$1.5 million per violation, depending on the specific provision violated.

Resilience 96

Resilience Mitigation Cybersecurity Risk Management 96

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. Check it out here: [link].

Management 56

Management Malware Cybersecurity Insurance 56

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. Enablon also allows users to establish, manage, and track Key Risk Indicators (KRIs) and Key Performance Indicators (KPIs) to better meet objectives. Navex Global.

Government 92

Government Audit Risk Management Hospitality 92

Fusion Risk Management

MAY 19, 2022

Persons conducting business in the United States to maintain risk-based sanctions compliance policies and procedures. Thus, internal sanctions-related policies and procedures should be updated to account for new risks related to such services and mitigating actions should be taken as appropriate.”. Tips for Success.

Banking 52

Banking Evaluation Consulting Manufacturing 52

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

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

Fusion Risk Management

JANUARY 5, 2023

While the methodology or framework for resilience may differ, the expectations are clear: businesses must adapt to the changing environment, mitigate potential impact, and continue to deliver important services to customers. One legislation addressing these risks is the landmark Digital Operational Resilience Act (DORA).

Resilience 52

Resilience Financial Services Audit Outsourcing 52

FS-ISAC

MAY 25, 2021

Banks around the world are used to quantifying financial risks such as market, credit, and liquidity risks. But in a digital finance world that is quickly advancing into uncharted territory, non-financial risks – operational risk, fraud prevention, IT risk, and cybersecurity – are increasingly critical to the business.

Banking 52

Banking Cybersecurity Mitigation Risk Management 52

Fusion Risk Management

MAY 12, 2022

Pandemics were on national risk registers and scenario exercised with national agencies in the UK and US just a couple of years prior; Russia annexed Crimea in 2014, setting itself up to be able to effectively target a resource rich Ukraine; and in borrowing so much during lockdown, we couldn’t avoid a state of rising inflation this year.

Failover 52

Failover Resilience Crisis Management Mitigation 52

Behavior Group

AUGUST 6, 2018

In assessing how the cyber threat and mitigation landscape has evolved over time, I often think of the ways that “cops and robbers” movies have changed: In the old days, a typical scene would feature a bad guy walking into a bank with a note indicating that he had a gun, and that he wanted… Continue reading.

Security 52

Security Banking Mitigation Risk Management 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.

Financial Services 52

Financial Services Resilience Crisis Management Vulnerability 52

LogisManager

MAY 22, 2023

In this blog, we will explore three ways to prepare for the future: engaging your Risk Committee and Board of Directors with the Risk Maturity Model, using risk management to anticipate and mitigate potential risks, and optimizing vendor spending while enhancing your security.

Risk Management 52

Risk Management Evaluation Banking Benchmark 52

LogisManager

MAY 22, 2023

In this blog, we will explore three ways to prepare for the future: engaging your Risk Committee and Board of Directors with the Risk Maturity Model, using risk management to anticipate and mitigate potential risks, and optimizing vendor spending while enhancing your security.

Risk Management 52

Risk Management Evaluation Banking Benchmark 52

everbridge

AUGUST 26, 2021

In 2011, when extreme flooding crippled factories in Thailand, the country’s central bank estimated that the supply-chain disruptions lowered Thailand’s GDP growth rate by 76 percent, dropping it from the forecasted 4.1 percent as a result of the floods, according to estimates by the United Nations Office for Disaster Risk Reduction.

Mitigation 52

Mitigation Logistics Risk Reduction Retail 52

MHA Consulting

MAY 25, 2023

In today’s blog, we’ll look at those risks from the point of view of a business consultant who specializes in technology and IT disaster recovery. A parallel potential exists in other activities that rely on AI, whether it’s analyzing x-rays, performing air traffic control, or scanning for bank fraud.

Risk Management 52

Risk Management Disaster Recovery Mitigation Consulting 52

Fusion Risk Management

NOVEMBER 27, 2023

They also emphasize the need for organizations to strengthen their business continuity (BC) and operational resilience programs as well as prioritize agility to mitigate emerging threats and ensure compliance with global regulatory mandates. Another U.S.

Resilience 52

Resilience Risk Management Financial Services Business Continuity 52

Reciprocity

AUGUST 15, 2022

In banking, for example, the FDIC, the Office of the Comptroller of the Currency (OCC), or the Consumer Financial Protection Bureau (CFPB) are stringent regulators that can impose high fines for compliance issues. In June 2020, the OCC warned banks about compliance risks related to the COVID-19 pandemic. Senior Management.

Management 52

Management Audit Banking Risk Management 52

Zerto

DECEMBER 5, 2023

The Digital Operational Resilience Act (DORA) is a new regulation that creates a binding, comprehensive information and communication technology (ICT) risk management framework for the European Union (EU) financial sector. What Is DORA? Why Should I Care About DORA? DORA applies to all financial institutions in the EU.

Disaster Recovery 52

Disaster Recovery Outage Banking Application 52

Plan B Consulting

OCTOBER 17, 2022

The reporting to the CISA will not be a one-off reporting, as the bill sets out that supplemental reports must be provided when substantial new or different information becomes available, until the entity notifies CISA that the incident has concluded and been fully mitigated and resolved. Federal Bank Regulators.

Banking 40

Banking Publishing Cybersecurity Security 40

Reciprocity

MARCH 24, 2022

These findings (and many more) show that fraud is a widespread risk that can affect any organization, its business continuity, and its reputation. So what can your organization do to minimize the possibility of fraud and mitigate its potential harm? Internal auditors can also search for fraud and mitigate potential damages.

Audit 52

Audit Banking Activation Authorization 52

Security Industry Association

JUNE 29, 2023

Similar to the compound interest mechanism in banking, our clients begin with a restricted-scale PIR infrastructure that steadily expands at periodic intervals with the addition of fresh intelligence concerning new risk factors and actors we identify, in addition to the constantly evolving security needs in each organization.

Logistics 98

Logistics Security Mitigation Travel 98

FS-ISAC

OCTOBER 13, 2023

This may not become “the” framework, as there are others like the NIST AI Risk Management Framework. With more banks moving to the cloud, it makes sense for Google to stay in touch with the community and make sure we’re meeting customers where they are.

Cybersecurity 69

Cybersecurity Financial Services Authentication Resilience 69

Solutions Review

JANUARY 25, 2024

Investing in systems and processes that grant you this visibility and training will help position generative AI as an aid for productivity in the workplace, and help mitigate data privacy concerns. “With a global focus on data privacy, organizations must leverage technology to identify and mitigate risks quickly and effectively.

Authentication 142

Authentication Security Cybersecurity Government 142

Solutions Review

FEBRUARY 1, 2024

Investing in systems and processes that grant you this visibility and training will help position generative AI as an aid for productivity in the workplace, and help mitigate data privacy concerns. “With a global focus on data privacy, organizations must leverage technology to identify and mitigate risks quickly and effectively.

Healthcare 59

Healthcare Security Cybersecurity Government 59

Solutions Review

JANUARY 28, 2024

Investing in systems and processes that grant you this visibility and training will help position generative AI as an aid for productivity in the workplace, and help mitigate data privacy concerns. “With a global focus on data privacy, organizations must leverage technology to identify and mitigate risks quickly and effectively.

Healthcare 52

Healthcare Security Cybersecurity Government 52