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A Summary of Principles for Operational Resilience from the Basel Committee on Banking Supervision, March 2021 The Basel Committee on Banking Supervision recognizes seven categories of principles concerning operational resilience and how it is best managed within an organization—especially regarding banking and financial services. This guidance has been built upon existing approaches to operational risks[…]
Businesses must be aware and prepared to meet the new challenges. This paper is offers insights and guidance for the journey toward a new operational resilience.
Traditionally, business continuity management was used to address how organizations should respond in the event of an attack or breach. Today, however, the BCM framework, or business resiliency, takes a more proactive approach in identifying an organization’s risk of exposure to internal and external threats. You should consider several key questions when planning the next[…]
The COVID-19 pandemic has permanently changed normal business operations. Globally, companies are investing more heavily in digital transformation in order to adapt to current regulations. Additionally, digital transformation can drive down an organization’s costs, provide new revenue streams and help organizations gain a competitive edge. While digital transformation can provide significant opportunities, it can also[…]
David Pearson, Co-Founder and CTO of Iceberg Networks discusses another key question he hears from organizations about enterprise business resiliency. The following is an edited transcript of the conversation. As organizations strive to return to business as usual, they face several competing priorities. How can companies evaluate where to focus their efforts? Focusing your efforts[…]
David Pearson, Co-Founder and CTO of Iceberg Networks discusses some more of the questions he’s hearing about enterprise business resiliency. The following is an edited transcript of the conversation. Can you speak to the importance of reviewing your third-party suppliers’ resiliency plans as well? If you look at the modern enterprise, it consists of the[…]
David Pearson, Co-Founder and CTO of Iceberg Networks discusses some of the questions he’s hearing about enterprise business resiliency. The following is an edited transcript of the conversation. We see a lot of resiliency efforts focused on IT Operational Resiliency. Who else needs to be involved in a strong Enterprise Resilience program? Unfortunately, the simple[…]
Technical challenges can be difficult to solve, but the hardest part of any design exercise isn’t technical at all.
We recently produced a webinar called “How to add more relevant financial context to your BCM program”. It was based on conversations that we often hear from customers about how they struggle to effectively communicate their risk or build a business case for investments in technology and resources to address gaps in their BCM programs.
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