By removing silos and connecting risk management with cybersecurity and business continuity, organizations can develop the cyber resilience needed to meet the increasing threats of cyber disruption.
Learn about the 5 steps for operational resilience that can be used to unite cybersecurity and business continuity response actions.
The EU's Digital Operational Resilience Act (DORA), due to be enforced in 2023/24, introduces EU-wide laws to ensure the operational resilience of the financial services industry. The proposal builds on current ICT risk management requirements and combines preexisting EU initiatives into a single regulation. This means along with other actions; organisations’ ICT risk management frameworks must be periodically evaluated to identify any deficiencies or gaps. ...
How to plan for risk-assessed, scenario-based business continuity planning.
Risk and compliance professionals are under enormous pressure when it comes to IT risk management, to guide and manage digital transformation while navigating a dramatically changing ecosystem and economy. Organizations are dealing with rapid technology adoption, distributed ways of working in the post-Covid world, new vulnerabilities, constantly shifting regulations, legacy technology and the need to protect patient, employee and partner privacy. Compliance, audit management, and ...
Business continuity management (BCM) encompasses preventing and recovering from adverse events and is essential for operational resilience. The pandemic and Cisco’s recent ransomware attack and data breach are constant reminders of BCM’s role as the sentry of operations. The goal should be to consider what disruptive scenarios could occur and detect or prevent them from happening. And if there is a disruption, the BCM program ...
When it comes to business resilience, the recent pandemic and other geopolitical events are potent reminders of how unforeseen disruptions can destabilize businesses of every type and size across the globe. To prepare, business leaders must have a strong organizational resilience program at the ready. This program must be based on a clear strategy, include well-communicated steps, consider local legislation and regulations, and address the ...
To prepare, business leaders must have a strong organizational resilience program at the ready. This program must be based on a clear strategy, include well-communicated steps, consider local legislation and regulations, and address the needs and expectations of customers, employees, partners, and investors. Speakers: Michael Rasmussen, the GRC Pundit from GRC 20/20, and host Jamie Walsh, Senior Director GRC Product Marketing at SAI360
The Financial Conduct Authority (FCA) defines resilience as “the ability of firms, financial market infrastructures and the financial sector as a whole to prevent, adapt and respond to, and recover and learn from operational disruption”. Ensuring the business resilience of the financial sector is crucial for consumers, firms and the broader financial markets. Significant business disruptions and the unavailability of important business services have the potential to cause ...
Covid-19 serves as a reminder of the unpredictable events that institutions are required to navigate, exposing a lack of operational resiliency and business continuity planning across the sector. As a result, in March 2021, the Financial Conduct Authority (FCA) put forward proposed changes to how firms approach their operational resilience in an attempt to mitigate the negative impacts of similar disruptions in the future. With ...
