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Hurricane Season is in Full Effect ? Are You Prepared?

Fusion Risk Management

With this in mind, it’s becoming increasingly important that organizations look at climate change and natural disaster preparedness not just from an ESG (environmental, social, and governance) perspective but also from an operational resiliency one. Should you train an additional office on the payroll processes in case of an incident ?

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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.

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The Importance of Building a Culture of Trust and Compliance

Fusion Risk Management

Department of Justice includes provisions in its Guidelines on Corporate Compliance to assess governance in place and determine whether management is responsible. Watch the replay of our most recent webinar titled Enabling Resilience Through Proactive Risk Mitigation.

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Product’s Perspective: Better Together – The Importance of Using Integrated Software for Vendor Management

LogisManager

Using Contracts to Mitigate Vendor Risk. Every vendor presents some amount of risk to your organization, and what is a contract if not a control to help mitigate that risk? How can your legal team be sure that they’re including the appropriate clauses to mitigate the risk if they don’t understand the risk that is present?

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TSPs: Making the Case to Invest in Risk and Resiliency

Fusion Risk Management

Technology and data service providers (TSPs) have become critical contributors in the successful operations of every organization. Think about it: if your technology or data warehouse were to fail, could you continue running your most critical business services? Supply Chain Ecosystem.

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Preparation Continues for the Digital Operational Resilience Act

Fusion Risk Management

While the methodology or framework for resilience may differ, the expectations are clear: businesses must adapt to the changing environment, mitigate potential impact, and continue to deliver important services to customers. To meet the DORA’s standards, firms must update their technology risk management governance.

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Overcoming Operational Resilience Implementation Barriers

Castellan

Having the right people in the organization to oversee (governance) and run an operational resilience program 37.2% Other factors contributing to implementation barriers include: 47.8% Not having the headcount or staff time to implement 38.5% Understanding, monitoring, and managing supply chain risks 27.5% Managing concentration risk.