article thumbnail

Operational Resilience for Financial Services: A Perspective from the U.S.

Pure Storage

Operational Resilience for Financial Services: A Perspective from the U.S. We took a global look at the subject of OR in our white paper, “ Strengthening Operational Resilience in Financial Services ,” and two blogs that focused on requirements in Europe and APAC. Like nearly all efforts in the U.S.,

article thumbnail

The Best Risk Management Software to Consider for 2021 and Beyond

Solutions Review

Solutions Review’s listing of the best risk management software is an annual mashup of products that best represent current market conditions, according to the crowd. To make your search a little easier, we’ve profiled the best risk management software providers all in one place. The Best Risk Management Software.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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

LogisManager

Silicon Valley Bank (SVB) Failures in Risk Management: Why ERM vs GRC By Steven Minsky | May 5, 2023 Silicon Valley Bank (SVB) was closed by regulators and reminded us of the recession associated with Lehman Brothers and Washington Mutual Bank in 2008. However, the evidence was inconclusive so their strategy continued unchanged.

Banking 98
article thumbnail

5 Key Takeaways from the EU’s Digital Operational Resilience Act (DORA)

Pure Storage

5 Key Takeaways from the EU’s Digital Operational Resilience Act (DORA) by Pure Storage Blog In our recent white paper, “ Strengthening Operational Resilience in Financial Services , ” we explore how operational resilience (OR) has emerged as one of the most important issues in the financial industry.

article thumbnail

5 Steps to Implement Enterprise Risk Management (ERM)

Reciprocity

Enterprise risk management (ERM) is critical for success in the modern business landscape. Your ERM program should encompass all aspects of risk management and response in all business processes, including cybersecurity, finance, human resources, risk management audit , privacy, compliance, and natural disasters.

article thumbnail

5 Steps to Implement Enterprise Risk Management (ERM)

Reciprocity

Enterprise risk management is critical for business success. The fundamental components of ERM are evaluating significant risks and applying adequate responses. Additional important ERM components are risk philosophy or strategy, risk culture, and risk appetite. Two ERM Must-Haves.

article thumbnail

What is Vendor Risk Management (VRM)? The Definitive Guide

Reciprocity

Vendor risk management (VRM), a part of vendor management, is the process of identifying, analyzing, monitoring, and mitigating the risks that third-party vendors might pose to your organization. Third-party risk management begins with due diligence before signing a contract, as with any risk management program.