Remove Business Continuity Remove Business Services Remove Crisis Management Remove Mitigation
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DORA: Moving Beyond the Basics of Compliance and Implementing a Cross-Functional Approach to Resilience

Fusion Risk Management

But don’t fret – this does not mean that your business continuity (BC) team must suddenly become IT experts! They simply must understand, as BC practitioners, that IT could be a source of disruption and, therefore, work to embrace their portion of the business as it contributes to operational resilience.

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Overcoming Operational Resilience Implementation Barriers

Castellan

Business continuity. Crisis management. These terms have been commonly used in the industry for decades, and likewise, unfortunately, many organizations still use related legacy, siloed processes to plan for and address business disruptions, even when real-world scenarios show there are challenges with this approach.

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The Importance of Impact Tolerance in Operational Resilience

Castellan

From there, you can use that information to prioritize what’s most important and then focus on mitigation and remediation. By understanding your impact tolerance, you can better understand the impact single points of failure and vulnerabilities could have on your organization. From there, it’s time to dive into setting your impact tolerance.

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Sensing the Tremors of Disruption

Fusion Risk Management

So, how might the new operational resilience methodologies and requirements help us to mitigate future harm? In mapping all the important business services, many resilience managers reported finding themselves overwhelmed by the amount of data that required capture and analysis. Finding Our Voice.

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Clarity from Chaos: the Global Regulatory Challenge

Fusion Risk Management

Globally speaking, general requirements of all financial services firms include the ability to map their important or critical business services and interrogate all of the processes, assets, and resources that support those services, both in house and in their supply chain.

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Hurricane Season is Approaching ? Are You Prepared?

Fusion Risk Management

Business Continuity and IT Disaster Recovery Plans. Companies should be able to identify their critical business critical business functions and critical assets (typically identified by conducting a business impact assessment). Delivering critical business services to customers ? Preparedness is Key.