Operational and cyber resilience for effective enterprise-wide risk management
With the advancement in technology and changing landscapes of industries organisations are becoming increasingly susceptible to disruptions. Their operations are facing growing threats as the cyber landscape transforms, making Operational Resilience a key driving force fuelling global regulators.
Operational Resilience should form an integral part of a firm’s overall strategy and it should extend beyond business continuity and disaster recovery. The rationale is straightforward: Any disruption to the business has the potential to snowball from business downtime to substantial regulatory fines and even irreversible reputational damage.
Mature Operational and Cyber Resilience is a critical component of any organisation’s need to respond effectively to crises and adapt strategically to change. Resilient organisations are agile, proactive and collaborative. These qualities are especially crucial in a business environment defined by an increasing interconnectedness of people, process and technology— where uncertainty, risks and potential points of disruption have increased and where the accompanying size and nature of its impact are growing.
Through a series of white papers on Operational and Cyber Resilience, we introduce six core and interrelated components of Operational and Cyber Resilience that we believe are essential to the development of a resilient organisation.
PART 1
Business Continuity Management
A successful BCM plan will not only maintain operations during times of crisis or disaster, but also minimise cost and reduce damage and recovery time. This paper covers essential steps for maturing your BCM capabilities with key success factors.
PART 2
Vendor Governance (TPRM)
Effective vendor governance as it required by many of the main industry standards such as ISO 27001, NIST C2M2 and COBIT 5 and forms a critical component of an organisation's risk management and overall operational resilience.
PART 3
Enterprise Risk Management
ERM brings the various areas of organisational risk under one roof, creating a comprehensive framework for assessing risk across the enterprise. We cover best practices and success factors for maturing your organisation's risk management capabilities.
PART 4
Cyber Resilience
In this paper, we look at the essential elements of Cyber Security and Resilience and illustrate how to utilise technologies available to maximise your chances of protection, recovery and greater maturity.
PART 5
Incident Management
Incident and crisis management is a plan that needs to be detailed long before it occurs. Learn best practices for crisis preparation and management and how you can gear your organisations in becoming more resistant to disruption.
PART 6
Training & Awareness
In this white paper, we will look at essential elements towards building a resilient workforce and how to cultivate enterprise-wide training and awareness through the use of smart technology.
ON DEMAND WEBINAR
A conversational podcast-style webinar: Operational Resilience
Karl Viertel and Stefan Sulistyo are joined by Michael Rasmussen (GRC 2020 Founder and Thought Leader) and Jochen Friedemann (Head of Operational Risk, HDI Group) to discuss operational resilience in a time of unprecedented uncertainty: Actionable insights for today and future landscapes.
- OpRisk response to COVID Crisis
- Response Success & Failures
- Emergence of new risks
- Key areas of focus of Operational Resilience
- What can be done in the short to medium term to strengthen your resilience?
- Where do smart GRC tools fit in this arena?
- Outlook for the coming months
THE REGTECH REPORT PODCAST
Operational Resilience in a time of unprecedented uncertainty
We are joined by Michael Rasmussen (GRC20/20) and Jochen Friedemann (Operational Risk at HDI Group) to discuss OpRisk responses to current events and insights for today and future landscapes.
FEATURED IN THE RACONTEUR: FUTURE OF FINTECH
RegTech gives banks the Operational Resilience they need
Ready to mature your organisation's Operational Resilience capabilities? Schedule a meeting with any of our Alyne experts.
