Castellan

MAY 26, 2022

The Financial Conduct Authority (FCA) , the Bank of England (BoE) , and the Prudential Regulation Authority (PRA) announced these new requirements a year ago to improve the operational resilience of financial services in the UK. Going forward, organisations are expected to operate within those impact tolerances.

Resilience 52

Resilience Financial Services Vulnerability Business Services 52

Fusion Risk Management

JUNE 15, 2023

While each business is unique, those who have had a more successful approach to resilience and compliance tend to follow this similar methodology: Identify your critical business functions Begin by identifying what your individual critical business services are.

Resilience 52

Resilience Mitigation Crisis Management Business Services 52

Castellan

NOVEMBER 29, 2021

Within this timescale, firms “must have performed mapping and testing so that they are able to remain within impact tolerances for each important business service. In a nutshell, the PRA sums this up in one sentence: firms need to take action, so they are able to provide their important business services within their impact tolerances.

Resilience 52

Resilience Gap Analysis Business Services Authorization 52

Fusion Risk Management

APRIL 20, 2022

By March 31, 2022 firms needed to identify their important business services, map dependencies, and set impact tolerances. And just like that, the first milestone on the Bank of England, Prudential Regulation Authority (PRA), and Financial Conduct Authority (FCA) operational resilience regulatory timeline came and went.

Resilience 52

Resilience Risk Management Business Services Account Manager 52

Fusion Risk Management

DECEMBER 12, 2022

Then, prioritize the services that, if disrupted, would impact that promise. Map important services – Identify the necessary people, processes, technology, and information required to deliver each important business service. Ask yourself: What is the process chain that delivers this overall service?

Resilience 52

Resilience Disaster Recovery Risk Management Financial Services 52

Fusion Risk Management

SEPTEMBER 29, 2021

Companies can do well through the active use of monitoring technologies, maintaining vigilance for anomalies or inefficiencies in business processes, active managing and monitoring of third parties , and addressing the ad hoc shocks anticipated in an unstable era.

Financial Services 98

Financial Services Resilience Risk Management Capacity 98

PagerDuty

JANUARY 28, 2022

One last piece of knowledge about services before we continue: in the PagerDuty app, services are distinct from business services. Thus far, everything I’ve mentioned above is relevant to services. Granularity . In our next, and last, post of the series we’ll be re-capping everything we’ve covered.

Alert 52

Alert Business Services Architecture Application 52

PagerDuty

OCTOBER 26, 2021

This provides a single-pane-of-glass for responders by providing a side-by-side view of the business services impacted with ongoing incidents all within the Datadog dashboard. Display the current status of key business services along with the impacted business services while working on incidents in Datadog.

Business Services 52

Business Services Application Communications Technology 52

Fusion Risk Management

MARCH 8, 2023

Processes, Dependencies, and Important Business Services This Community Exchange conversation brought some interesting insights to the forefront regarding the ways in which our customers structure their programs.

Resilience 52

Resilience Financial Services Disaster Recovery Risk Management 52

Fusion Risk Management

SEPTEMBER 27, 2022

Given third parties support strategic and important business services, it is critical to ensure that your organization has its arms around th e risk s that come with them to ensure the resiliency of your own operations. The Old Model of Third-party Risk Management. Automate On-going Monitoring with Argos Risk and Fusion.

Resilience 52

Resilience Risk Management Financial Services Outsourcing 52

Castellan

JUNE 9, 2022

Defining Important Business Services (IBS) and Impact Tolerances were the first major milestones with initial compliance dates of March 31, 2022. The PRA uses an example from payment services and highlights the different ways organizations have defined a business service.

Resilience 59

Resilience Business Services Banking Activation 59

Pure Storage

NOVEMBER 29, 2022

It’s not always an easy engineering feat when there are fundamental architectural changes in our platforms, but it’s a core value that you can upgrade your FlashArrays without any downtime and without degrading performance of business services. . Learn more about how FlashArray//XL can power for your most demanding business services.

Failover 52

Failover Architecture Capacity Business Services 52

PagerDuty

SEPTEMBER 6, 2023

Educate and be educated : Leeor explains how talking directly and frequently with team owners can raise awareness and educate on the importance of complying with service standards: “ For example, business services were not uniformly used across all teams and it’s actually pretty useful.

Continual Improvement 52

Continual Improvement Sports Education Business Services 52

Continuity Insights

SEPTEMBER 26, 2022

Operational resilience is a business’s ability to respond to and overcome adverse circumstances during operation that might cause financial loss or disrupt business services. What is operational resilience? An organization’s operational resilience determines its ability to respond and recover in a timely manner.

Resilience 28

Resilience Business Services Disaster Recovery Risk Management 28

Fusion Risk Management

APRIL 5, 2023

But, with the invention of a crystal ball not on the horizon, organizations need an alternate way to gain a complete view of their important business services and be better prepared to prevent a potential disruption before it materializes. Where should I focus my efforts?

Resilience 59

Resilience Vulnerability Strategic Risk Management 59

Fusion Risk Management

AUGUST 18, 2022

It also expands the scope of a regulator’s reach to those critical technology and data service providers that compose the digital footprint by which the important business services stand. The DORA will apply to 20 distinct types of existing regulated financial entities. Use technology to manage your ICT risk.

Resilience 52

Resilience Risk Management Gap Analysis Business Services 52

Castellan

JANUARY 27, 2022

First, specific to our in-scope products and business services, we’d like you to summarize our most pressing single points of failure, and our readiness should any be disrupted. This is the list of topics where we’ve been asked to comment.”. Andrew continued with his description of each.

Resilience 98

Resilience Business Continuity Crisis Management Business Services 98

Pure Storage

AUGUST 21, 2023

You can upgrade your FlashArray systems at no cost and without disrupting critical business services through an Evergreen ® subscription. FlashArray//X R4 was built with the same resiliency and availability as past models.

Backup 52

Backup Application Resilience Capacity 52

Erwood Group

JUNE 4, 2020

We at the Erwood Group believe the timing of offering these services will assist many organizations at a time when it is most needed. As we recover from the economic shutdown and start to reopen the business services to elevate small companies will be much in need and we are in a prime position to assist those organizations.

Impact Analysis 52

Impact Analysis Resilience Business Services Consulting 52

Fusion Risk Management

JANUARY 5, 2023

Increasingly, financial services supervisory authorities are seeking to ensure that the third parties that are supporting a firm’s important business services meet all resilience requirements.

Resilience 52

Resilience Financial Services Risk Management Audit 52

everbridge

OCTOBER 12, 2021

Being a global, interdisciplinary organization, they needed a reliable, unified communication platform to keep staff and stakeholders across the globe connected in the case of an incident disrupting standard business services, such as severe weather. Next Steps.

Disaster Recovery 131

Disaster Recovery BCP BCM Outage 131

everbridge

APRIL 18, 2023

By definition, ServiceOps is “a technology-enabled approach to unifying IT service and IT operations management for excellence in the delivery of digital business services.” What is ServiceOps?

Outage 52

Outage Business Services Technology Management 52

VOX Veritas

JUNE 20, 2018

Resiliency Platform allows organization to automate the resiliency of their business services. Spend the weekends with the family rather than in the data center.

Resilience 40

Resilience Business Services 40

Plan B Consulting

MARCH 27, 2021

The Bank of England and the FCA in pushing operational resilience have a different aim than an organisation implementing and maintaining business continuity. Identifying important business services There are several tasks laid out in the paper which they want regulated organisations to carry out.

Business Continuity 52

Business Continuity Resilience Banking Vulnerability 52

Plan B Consulting

MARCH 27, 2021

In addition, the Financial Conduct Authority (FCA) Consultation paper of 2019 states: “Building operational resilience: impact tolerances for important business services and feedback to DP 18/04”. Identifying important business services. “Building the UK financial sector’s operational resilience”.

Business Continuity 52

Business Continuity Resilience Banking Vulnerability 52

Pure Storage

JULY 5, 2023

Nevertheless, they do happen and usually at the most unexpected of times, so we need to be prepared and have the procedures and processes in place to recover business services quickly. I’ve encountered them twice in a 16-year period working on infrastructure teams.

Failover 52

Failover Outage Disaster Recovery BCP 52

Pure Storage

NOVEMBER 22, 2022

Even if IT team members are OK staying late or coming in on the weekend to do it, more and more business services are 24x7x365 operations. In today’s world, planned downtime is increasingly unacceptable to enterprises. Enterprises need flexibility and agility in their IT infrastructure to stay competitive. .

Application 104

Application Business Continuity Technology Business Services 104

Prism International

JUNE 22, 2021

It is an untapped market and the need for this service is only increasing as we continue to see our information become more and more jeopardized. Hundeby-DeVries, CSDS is an Account Manager for DeVries Business Services. About the Author. He has also served on the NAID Communications and Marketing Committee.

Transportation 52

Transportation Capacity Security Business Services 52

Fusion Risk Management

JANUARY 24, 2023

After all, Operational Resilience is not limited to the financial services industry. A “Resilience Hub” or platform is a best-practice approach that we see many firms take to develop a common operating language and to centralize all management, protection, and reporting against their important business services.

Resilience 52

Resilience Disaster Recovery Cybersecurity Financial Services 52

Erwood Group

JUNE 9, 2020

This program will cover analyzing financial impacts, forecasting needs, applying market intelligence in financial decisions, and a variety of other topics related to business financial needs.

Audit 52

Audit Impact Analysis Business Services Consulting 52

PagerDuty

JULY 21, 2023

Stay tuned for our upcoming releases, including: Status Widget on the Home Screen : empowers users to quickly grasp the status of selected Business Services. We are already thinking about new fantastic features that will make your incident response process even better.

Application 52

Application Security Management Business Services 52

Castellan

APRIL 1, 2022

Business continuity management encompasses the processes your organization uses to identify threats and risks to your operational resilience, understanding the impact of those risks on your organization’s important business services, and developing plans to ensure you can respond to and recover from these disruptions.

BCM 98

BCM Risk Management Resilience Business Continuity 98

Fusion Risk Management

APRIL 28, 2022

In addition to traditional business continuity programs , companies must also be monitoring what the disruption means for their IT disaster recovery programs so that critical applications and equipment can be recovered effectively and efficiently to support the most important business services. regardless of disruptions ?

Disaster Recovery 52

Disaster Recovery Backup Security Business Continuity 52

LogisManager

SEPTEMBER 24, 2021

To address these challenges, LogicManager’s True Risk calculation accounts for not only the standardized questionnaires and publicly available sets of financial, security and operational data, but also the references between your vendor and your key business services, your data, and your strategic priorities.

Risk Management 104

Risk Management Audit Evaluation Security 104

Solutions Review

JANUARY 20, 2022

Sometimes the rush to keep business services functioning meant that security was overlooked, and cybercriminals are ready to exploit these vulnerabilities. This is part of Solutions Review’s Premium Content Series, a collection of contributed columns written by industry experts in maturing software categories.

Application 89

Application Malware Vulnerability Disaster Recovery 89

Plan B Consulting

DECEMBER 21, 2021

We have heard from many firms that they have not yet turned their thoughts to the scenario testing they must deliver; to determine if their Important Business Services (IBS) can withstand a severe but plausible scenario. If that sounds like you, don’t hesitate to get in touch and we will support you through your final stages.

Resilience 52

Resilience Travel Business Services Consulting 52

Plan B Consulting

DECEMBER 21, 2021

We have heard from many firms that they have not yet turned their thoughts to the scenario testing they must deliver; to determine if their Important Business Services (IBS) can withstand a severe but plausible scenario. If that sounds like you, don’t hesitate to get in touch and we will support you through your final stages.

Resilience 52

Resilience Travel Business Services Consulting 52