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Understanding Recovery Time Objectives: A Key Component in Business Continuity

Erwood Group

Risk Management RTO is an integral part of risk management. This proactive approach helps mitigate risks associated with operational disruptions. Continuous Improvement RTO is not a one-time set-and-forget metric. It requires continuous monitoring and improvement.

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An Introduction to FFIEC: BCM’s Gold Standard

MHA Consulting

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. The FFIEC standard can be found here, and it’s completely free.

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Important KPIs for Successful Vendor Management

Reciprocity

Every risk management program should include risks posed by your vendors. Beware, however: vendor risk management is a complex process unto itself, requiring ongoing monitoring and measurement. What Are Vendor Risk Management Metrics? What Are the Most Common Vendor Risks?

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Non-Financial Risks are Increasingly Financial

FS-ISAC

At Banco de Credito de Peru, the largest bank in the country, we consider all non-financial risks together, as they are interrelated and require the same governance processes. Several of the key “motors” of our transformation are drivers that impact non-financial risk: organization, data analytics, and digital channels.

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Data Privacy Week 2024: The Definitive Roundup of Expert Quotes

Solutions Review

This is likely to impact industries where transparency matters, such as healthcare, financial services, and insurance. A risk assessment shows organizations what their architecture looks like, their vulnerabilities, and more. Upholding good cyber hygiene.

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Business Continuity Guide for Smaller Organizations

Stratogrid Advisory

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. It is a recipe for disaster.

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Business Continuity Guide for Smaller Organizations

Stratogrid Advisory

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.