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When You Can’t Rely on a Crystal Ball, Elevate and Invest in Resilience

Fusion Risk Management

Where are my vulnerabilities? 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 are my strengths? Where should I focus my efforts?

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Operational Resilience in 2023: What Can We Expect?

Fusion Risk Management

After all, Operational Resilience is not limited to the financial services industry. The intent is to establish “resilience-by-design” in strategic investments and critical projects.

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

LogisManager

Despite the proliferation of vendor evaluation services, the question remains whether companies are in fact better protected now that they can access so much information about their vendors. Companies have continued to fall victim to risk management failures stemming from third-party vulnerabilities.

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Sensing the Tremors of Disruption

Fusion Risk Management

In mapping all the important business services, many resilience managers reported finding themselves overwhelmed by the amount of data that required capture and analysis. This degree of scenario testing helps to highlight further vulnerabilities. Speed of Response. by which point it’s too late for our strategy to be effective.

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The Playbook for Resilient Operations in Financial Services – March 2022 and Beyond

Fusion Risk Management

While we know that complying with it will take considerable time and investment, you are to an extent future proofing your business. You’re investing to make sure your important business services can withstand the unknown. That future proofing element is vital because you can’t always predict what is going to happen.

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Business, Interrupted: The Resilience Movement and the New Normal for Business Continuity

Castellan

Delivering the planning at the business service level requires some degree of mapping of those business services,” Crask explained. Then over time as your program matures, you can focus on adding in additional details that help your organization identify or expose vulnerabilities for prioritization.