article thumbnail

What Is Reputational Risk For Banks?

LogisManager

What Is Reputational Risk For Banks. That’s why it’s more important than ever to ensure you’re taking the right steps to use it to your advantage, which all starts with strong risk management. In the banking industry, managing reputational risk is a complex and ongoing discipline.

Banking 52
article thumbnail

The Best Risk Management Courses on Udemy to Consider for 2021

Solutions Review

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. This list of the best risk management courses on Udemy below includes links to the modules and our take on each.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Are You Ready for DORA?

Zerto

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.

article thumbnail

Customer Value Story: Planning for the Unexpected

LogisManager

In 2020, we wrote about helping this bank channel chaos into creativity during the early days of the pandemic when there was an influx of PPP loan requests (check out the full story here ). It’s important for all organizations to have a Business Continuity Plan (BCP) in place, but in the banking industry, it’s critical. Introduction.

BCP 94
article thumbnail

When You Can’t Rely on a Crystal Ball, Elevate and Invest in Resilience

Fusion Risk Management

The Impact of Ineffective Resilience Capabilities is Severe Imagine a bank that experiences a catastrophic outage in its IT systems , preventing customers from accessing their accounts for several days. This is exactly what recently happened with TSB Bank and Applied Materials. million customers.

article thumbnail

An Introduction to FFIEC: BCM’s Gold Standard

MHA Consulting

Collectively, these guidelines make up the FFIEC Business Continuity standard, whose purpose is to make sure the banks and other financial institutions that are required to follow it can continue to operate even if they are hit with a disruption. They should pick a standard and try to align with it, but it probably shouldn’t be FFIEC.

BCM 74
article thumbnail

DORA vs. DORA! by Lee Fredricks

PagerDuty

For example, the ability of a banking customer to access their bank balance immediately via a mobile app or for clients of a brokerage firm to be able to make trades against the market. DORA will apply directly to all EU member states from 17th January, 2025–the UK regulations come fully into force a little later on 31st March 2025.