In today's hyper-connected digital landscape, financial institutions face a heightened risk of cyberattacks. A disruption in the information system of a major player could potentially trigger a destabilization or, in the worst-case scenario, the collapse of the global financial system.
To avoid such a dire outcome, regulators worldwide are passing regulations aimed at compelling financial institutions and their technological partners to strengthen their cyber resilience, such as EU DORA, the PRA Operational Resilience (UK), the OCC Sounds Practice for Cyber Resilience (US), the CPS 234 (AU), …
Embedded within these regulations is the mandate for organizations to identify their critical processes and associated IT assets and vendors, evaluate the level of IT/cyber risks, and develop continuity plans. This requires extensive collaboration among various departments (IT, IT security, GRC, Procurement, Data Office, Legal, etc.), not always accustomed to working together.
This webinar will cover:
- The many regulations impacting the financial industry, their challenges, and the compliance requirements associated.
- The necessary collaboration between IT, IT Security, GRC, Procurement, Data Office, Legal etc.
- The benefits of a shared platform that can connect processes, IT assets, risks and data.
