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BCM and ERM: What’s the Difference?

Castellan

At a high level, it may seem natural to use the terms business continuity management and enterprise risk management interchangeably. While there are some congruences between them, there are some unique distinctions that separate the two, and in many regards, they’re actually completely different business functions.

BCM 98
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The Importance of Building a Culture of Trust and Compliance

Fusion Risk Management

It is now common knowledge that your organization must invest in technology in order to build a defensible program that can demonstrate that you have appropriate oversight into your important business services. Circling back to third-party risks, fines for violating sanctions can range from $90,000-$1.5

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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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Product’s Perspective: True Risk: Why External Vendor Ratings are Only Half the Picture

LogisManager

From the perspective of our Product team, the challenges of risk and compliance professionals are at the forefront. This collaborative group of developers, designers, lawyers and risk managers uses those insights, along with rigorous R&D, to inform the way LogicManager works. Bonus Material: Free Risk Assessment Template.

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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. Risk Management. Supply Chain Management and Third-Party Risk.

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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? Or, as so well articulated by the great British writer C.

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

LogisManager

2021 Gartner® Magic Quadrant for IT Vendor Risk Management Tools. From the perspective of our Product team, the challenges of risk and compliance professionals are at the forefront. While everyone is successfully doing their individual jobs, the overall job of true vendor management is still not being done.