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Silicon Valley Bank (SVB) Failures in Risk Management: Why ERM vs GRC

LogisManager

Silicon Valley Bank (SVB) Failures in Risk Management: Why ERM vs GRC By Steven Minsky | May 5, 2023 Silicon Valley Bank (SVB) was closed by regulators and reminded us of the recession associated with Lehman Brothers and Washington Mutual Bank in 2008. ” You can outsource the activity to the vendor but not the risk.

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Cybersecurity on a shoestring budget: Cost-effective strategies for small businesses

Online Computers

Fortunately, SMBs can safeguard their digital assets without breaking the bank. Strategy 4: Outsource security services Another inexpensive option is to hire cybersecurity experts. The trick is to adopt cost-effective solutions that won’t sacrifice essential security measures. Here are four main strategies you should consider.

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Low-cost IT without cutting corners: A guide for nonprofit organizations

Online Computers

Strategies for cost-effective IT management for nonprofits If you’re a nonprofit organization wanting to invest in IT without breaking the bank and cutting corners, you should follow the strategies outlined below. Managed services providers (MSPs) – Outsource IT management to qualified MSPs for proactive maintenance and resource savings.

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Preparation Continues for the Digital Operational Resilience Act

Fusion Risk Management

Currently, TSPs are subject to financial service providers’ requirements via contractual obligations (such as the European Banking Authority’s third-party outsourcing requirements). It formalizes existing third-party outsourcing requirements and provides more prescriptive guidance on regulatory expectations.

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TSPs: Making the Case to Invest in Risk and Resiliency

Fusion Risk Management

Your customer may be subject to third-party outsourcing requirements by their own regulators , like the European Banking Authority’s Outsourcing Requirements , and they may ask to sign an addendum .

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It’s OK, it’s in the Cloud: Lessons from the OVH Cloud Data Centre Fire

Plan B Consulting

The cloud is a great solution for many organisations but in outsourcing your IT hosting, you can “outsource the activity but not the risk” and so you need to ensure that you understand the risks associated with using a cloud provider. The fire took six hours to put out which shows how substantial it was!

Backup 52
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It’s OK, it’s in the Cloud: Lessons from the OVH Cloud Data Centre Fire

Plan B Consulting

The cloud is a great solution for many organisations but in outsourcing your IT hosting, you can “outsource the activity but not the risk” and so you need to ensure that you understand the risks associated with using a cloud provider. The fire took six hours to put out which shows how substantial it was!

Backup 52