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Money at Risk: Finance & Data Security in the Digital Age

NexusTek

However, the financial services industry faces unique challenges relative to customer expectations. The Facts: Financial Services Industry and Cyber Threats Year after year, cybersecurity research reveals the ugly facts. In 2020, the financial services industry was the #1 most targeted industry for cyberattacks 2.

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What’s Next After Completing Your Operational Resilience Self-Assessment?

Castellan

The Financial Conduct Authority (FCA) , the Bank of England (BoE) , and the Prudential Regulation Authority (PRA) announced these new requirements a year ago to improve the operational resilience of financial services in the UK. Cause catastrophic consequences and unacceptable harm to your most vulnerable customer(s)?

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The Risks that Manufacturing Firms are Facing and the Impact that Follows

Fusion Risk Management

Additionally, operating in a global environment leaves manufacturers vulnerable to the results of geopolitical tensions. Manufacturing companies must continuously evaluate their compensation plans and their working culture to ensure that operations can continue. Product Recall. Build Resilience.

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Tips for Managing Third-Party Risk in Health Care

Reciprocity

In the healthcare industry, attackers often leverage third-party vulnerabilities to access sensitive information, while defenders try to keep these bad actors out. Since medical devices usually have long lifecycles, they have been in service for years with outdated software or operating systems. Third-party Risk Assessment.

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Silicon Valley Bank (SVB) Failures in Risk Management: Why ERM vs GRC

LogisManager

They evaluate their vendor and partner communities to identify the third parties they depend on the most and map them to the business risks, controls, and testing that rely on them. Have you evaluated the risk that a venture capital-backed or equity-back vendor can bring to your organization? Imagine the contagion there.

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Risk Assessment vs Risk Analysis

Reciprocity

A risk assessment evaluates all the potential risks to your organization’s ability to do business. Both are components within the larger whole known as risk management or risk evaluation. So would a zero-day attack, in which hackers exploit a previously unknown vulnerability. What Is a Risk Assessment? Medium Priority.

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5 Steps to Implement Enterprise Risk Management (ERM)

Reciprocity

The two fundamental components of ERM are (1) the evaluation of significant risks, followed by (2) application of adequate responses. Operationally Critical Threat, Asset, and Vulnerability Evaluation (OCTAVE), developed by Carnegie Mellon University, provides a self-directed methodology customizable to your organization’s size.