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.
Michael Rasmussen is an internationally recognized pundit on governance, risk management, and compliance (GRC) – with specific expertise on enterprise GRC strategy and processes supported by robust information and technology architectures. With 30+ years of experience, Michael helps organizations improve GRC strategy and processes supported by the correct GRC technology architecture. This enables organizations to align GRC with the business and deliver effective, efficient, resilient, and agile capabilities to the organization. He is a sought-after keynote speaker, author, and advisor and is noted as the “Father of GRC” — the first to define and model the GRC market in February 2002 while at Forrester.
MEGA International is a global SaaS software company headquartered in Paris, France, with offices in 10 countries. We create leading software solutions for Enterprise Architecture, Business Process Analysis, Governance, Risk and Compliance and Data Governance. Our goal is to guide companies in their business transformation initiatives. We believe that transformation is a collaborative effort and requires people to “see the bigger picture” on how the organization operates, so we created a single SaaS platform that connects IT leaders, process owners, risk managers and data governance officers. We give them access to a single repository that helps them collect, visualize, analyze, and communicate information to better plan and adapt to change.