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DORA: Moving Beyond the Basics of Compliance and Implementing a Cross-Functional Approach to Resilience

Fusion Risk Management

Involving every stakeholder from the very beginning is one actionable way to mitigate these issues. Map out their dependencies and make sure to understand what the impact would be for each should that service experience a disruption. Ask yourself: which are the most important in delivering our products/services to our customers?

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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.

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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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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

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 ?

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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. We recommend a five-step framework that looks like: Identify important business services. Before we dive into impact tolerance, it’s important to understand how it’s connected with operational resilience.