Operational resilience refers to the ability of an organisation to continue operations through adverse events or changing business conditions. We’ve previously written about how building operational resilience should be on the agenda of every business.
Operational resilience has become an area of increasing focus in the financial services sector in recent years. While the reforms post the 2008 financial crisis focused on strengthening financial resilience, those did not address operational resilience.
A disaster recovery strategy details the steps needed to enable a business to be back up and running following a critical incident.
While building and developing business strategy and focusing on driving productivity and collaboration solutions, organisations often neglect backup and disaster recovery solutions.
It seems there is a modern perception across many industries that employees are the weakest links in IT security. Also, during the pandemic when a lot of employees worked remotely
Disaster recovery planning is critical to business continuity. Like other traditional disaster recovery solutions, Disaster Recovery as a Service (DRaaS) keeps an organisation’s business-critical
A few years ago, a spreadsheet copy-and-paste error cost JP Morgan a £4.7 billion in trading losses. Ian Smith, the insurance correspondent at Financial Times, wrote that while the companies size up to big global risks, from systemic
In July 2024, a vendor’s faulty update triggered a significant global IT outage, underscoring the critical need for robust operational resilience. The resulting impact and losses prompted urgent reassessment of business continuity strategies. The European Union’s landmark regulation – Digital Operational Resilience Act (DORA) – aims to safeguard the resilience
