Pure Storage
FEBRUARY 7, 2022
The statistics are quite shocking, to say the least: According to the New York Fed , financial institutions are subject to as many as 300x more cyberattacks per year than any other sector. More than one-third of financial services organizations surveyed by Sophos , a British security firm, were hit by ransomware in 2020.
Security Industry Association
DECEMBER 29, 2023
Elevated Customer Experience Competition in the financial services industry is intensifying, prompting banks and credit unions to prioritize the customer experience in order to stay ahead. This not only fosters better customer engagement, it also leads to richer lines of communication, strengthening the bank-customer relationship.
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FS-ISAC
JUNE 30, 2022
More than six months since Log4j made the headlines, the threat of zero-day exploits, or previously unknown vulnerabilities, looms large over the heads of business leaders and cybersecurity teams. For one, not everyone has the resources to quickly address vulnerabilities. Unfortunately, zero-days are inevitable.
Reciprocity
APRIL 4, 2022
A risk analysis is conducted for each identified risk, and security controls are pinpointed to mitigate or avoid these threats. Implement controls and risk response plans to prevent and mitigate risk. You can use mitigations or controls to reduce a risk’s potential impact, velocity, and severity scores. Medium Priority.
Reciprocity
AUGUST 18, 2022
Mitigating or reducing the risk by internal controls or other risk-prevention measures. Operationally Critical Threat, Asset, and Vulnerability Evaluation (OCTAVE), developed by Carnegie Mellon University, provides a self-directed methodology customizable to your organization’s size. How Do You Mitigate Corporate Risk?
Fusion Risk Management
FEBRUARY 7, 2023
If you ask most resilience students or apprenticeship trainees what their ultimate career goal position might be, heading up the global resilience team for financial services market leaders would likely be high up there. However, once you have reached those lofty echelons, you have a massive challenge on your hands.
Reciprocity
MARCH 28, 2022
The reactions to risk include: Acceptance or toleration of a risk; Prevention or termination of a risk; Passing or sharing the risk via insurance, joint venture, or another arrangement; Mitigating or reducing the risk by internal control procedures or other risk-prevention measures. ERM’s Ultimate Objective. Step 2: Assess the Risks.
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