Risk Management Companies
Risk management companies are businesses that work with companies to identify, analyze, monitor, mitigate and report risks.
FFIEC Guidelines
FFIEC guidelines are the standards set up by the Federal Financial Institution Examination Council (FFIEC) for banking practices.
Risk Analysis
Risk analysis is the part of that overall process that deals with the analysis of information about the potential loss.
Risk Mitigation
Risk mitigation refers to defined strategies to minimize or avoid exposure to loss.
Third-Party Risk Management
While relationships with third parties can be beneficial, they also need to be overseen to make sure they do not result in damages that can affect your
Risk Management
Risk management is necessary for any business, helping to protect it against risks that may occur as a result of accidents, disasters, emergencies and
Risk Management Planning Template
Every business is vulnerable to some amount of risk and every project the business works on can bring its own additional set of risks. That’s why it’s
Recovery Time Objective
The Recovery Time Objective (RTO) is the maximum, tolerable length of time a computer, system, network or application can be down after a failure
Continuity Of Operations Planning
Continuity of Operations Planning (COOP) is an effort taken within individual executive departments and agencies to ensure essential functions continue
What Is Risk Management?
Risk management is important for every company and is, in fact, such a crucial part of doing business that there are several industries and government
Money Laundering
In 1970, the United States Congress enacted the Bank Secrecy Act (BSA), also known as the Currency and Foreign Transactions Reporting Act. This act
Vendor Definition
In terms of financial institutions, a vendor is an entity that provides a product or service the bank uses to conduct its business. Vendors play an essent
Strategic Planning Processes
Strategic planning processes in a financial institution begin when a bank forms and continue as long as the bank is in operation.
Mitigation Definition
Mitigation is defined as the action of reducing the severity or seriousness of something. When it comes to banking, risk is mitigated in several ways,
Contract Management Software
Contract management software automates processes for managing the creation, execution, and analysis of contracts. This software can handle a range of
Vendor Management
Vendor management refers to all the systems, strategies, and techniques used to get more value from every vendor and third-party service provider
AML Compliance
The AML in AML compliance stands for anti-money laundering. AML compliance means following regulations designed to deter money laundering through both
RTO Meaning
RTO is defined as the maximum tolerable length of time that a computer, system, network or application can be down after a failure or disaster occurs.
GLBA Compliance
The Gramm Leach Bliley Act went into effect in 1999. Also known as the Financial Modernization Act, it mandates that financial institutions explain to
Risk Management In Healthcare
Risk management is essential in any business, but risk management in healthcare, it can involve components unique to the medical community.
The Gramm-Leach-Bliley Act
The Gramm-Leach-Bliley Act (GLB Act or GLBA), also known as the Financial Modernization Act, helps control the way financial
Vendor Management Best Practices
Learn vendor management best practices ranching from good communication to having the correct procedures in place.
Risk Management Planning
While you may think that common sense could help businesses avoid risk, there are several risk management standards in place making this process more
Business Continuity Planning
Businesses can face several risks, some of which can be more devastating than others. In extreme cases, these risks can put your business
Discovering a Vendor Data Mistake: A Lesson from the Fiserv Flaw
Have you ever swapped out a number or letter in a URL to skip to another page? Cybersecurity researcher and ethical hacker, Kristian Erik
FS-ISAC Offers Free Cyberattack Exercise
When was the last time your incident response team practiced its response to a cyberattack? If it’s been awhile, you may want to look into the CAPS
Is Your Third-Party Vendor Contract Specific Enough When It Comes to Cybersecurity?
If you’re assuming your third-party service provider is following cybersecurity best practices because it’s smart business, think again...
How Confident Is Your CFO When It Comes to Managing Risk?
When it comes to managing risk, many CFOs are not highly confident in their abilities to get the job done well. Here's 3 reasons why:
Should Vendor Management Report to Compliance or IT?
What’s best for one financial institution isn’t necessarily best for another. One common question: Should vendor management report to compliance or IT?
Vendor Consolidation: What It Means for Vendor Management and Due Diligence
Many financial institutions are choosing to consolidate vendors. It’s a move that makes sense from a business and management perspective, but how does