MHA Consulting

MARCH 23, 2023

Collectively, these guidelines make up the FFIEC Business Continuity standard, whose purpose is to make sure the banks and other financial institutions that are required to follow it can continue to operate even if they are hit with a disruption.

BCM 74

BCM Impact Analysis Business Continuity Banking 74

FS-ISAC

MAY 25, 2021

A cyberattack can not only result in an operational disruption, but also customer losses, an increase in insurance premiums, lawsuits or fines, credit downgrades, and reputational damage. For example, an earthquake can lead to an uptick in fraud. But those programs would last two years; now we have releases every two weeks.

Banking 52

Banking Cybersecurity Mitigation Risk Management 52

Solutions Review

JANUARY 25, 2024

This is likely to impact industries where transparency matters, such as healthcare, financial services, and insurance. If you work with a cyber insurance provider, ask them for your organization’s risk assessment report and how they can help you improve your cyber hygiene. Upholding good cyber hygiene.

Authentication 142

Authentication Security Cybersecurity Government 142

Erwood Group

JANUARY 28, 2024

Business continuity is not a project with a finite end; it’s an ongoing process. The organizations that do it right have best-in-class ongoing programs to maintain and continuously improve their plans. The dynamic nature of risks requires constant adaptation to maintain the effectiveness of business continuity plans.

Business Continuity 52

Business Continuity Disaster Recovery Continuity Planning Crisis Management 52

Reciprocity

AUGUST 24, 2022

Improve your organization’s overall third-party risk management. For example, they can help with cost reductions, customer satisfaction, and continuous improvement. Vendor management KPIs benefit your overall business objectives as well. Key Performance Indicators (KPIs) vs. Key Risk Indicators (KRIs).

Management 52

Management Risk Management Cybersecurity Strategic 52

Stratogrid Advisory

JUNE 3, 2020

An added benefit to a more resilient organization will be lower insurance rates These are just a few examples. Insurance companies assess risks to determine the insurance premiums they will charge. Investment firms assess risks to determine where and how to invest their client's money. They are never tested or exercised.

Business Continuity 52

Business Continuity BCM Impact Analysis BCP 52

Stratogrid Advisory

JUNE 3, 2020

Client or customer demands – depending on the type of services an organization provides to its clients, it may be mandated to implement business continuity and IT disaster recovery plans. Business insurance needs – some business interruption policies are requiring organizations to implement business continuity programs.

Business Continuity 52

Business Continuity BCM Impact Analysis BCP 52