A business continuity plan (BCP) document is an enterprise IT manager’s crisis playbook. At a deeper level, it provides a snapshot of the IT assets, systems, and processes to be protected at all costs from probable disruptions. In summary, it highlights the importance of keeping the business running during an outage or its impact. As… Continue reading An Insider’s View of a BCP Failure: What an IT Manager Wants You to Know?
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Tag: Risk Management
GenAI for Risk and Compliance in Banking & Financial Services
Remember the March turmoil from the collapse of Silicon Valley Bank (SVB)? It was a rude awakening for the global banking and financial services industry, stirring regulatory actions to tighten the interest, liquidity, and credit risk management practices. Large banks crimped their lending practices and were ordered to load up reserves to build resilience and… Continue reading GenAI for Risk and Compliance in Banking & Financial Services
2024’s Top Risks in Consumer Products Industry: Uncovering Legal Risks (Part 2)
Previously, we discovered a tapestry of trends impacting the U.S. consumer products industry in 2024. The year will be known for growing consumer awareness and resistance to rising prices. However, priorities don’t just end with matching customers’ product value, innovation, and sustainability expectations! Companies in the consumer products industry have regulatory and legal obligations to… Continue reading 2024’s Top Risks in Consumer Products Industry: Uncovering Legal Risks (Part 2)
Understanding ESG Materiality & its Importance in Sustainability Reporting
In a recent PwC survey, 76% of consumers said they would cease associating with brands and companies that treat employees, communities, and the environment poorly. Growing consumer awareness of environmental, social, and governance (ESG) components demands more actions towards ESG materiality assessments from businesses. ESG materiality assessments are iterative and unique to every business and… Continue reading Understanding ESG Materiality & its Importance in Sustainability Reporting