Information Security, Cybersecurity, and Technology Risk Management in Modern Banking
The financial services sector today faces a rapidly evolving landscape of risks, largely driven by digitization, proliferation of electronic delivery channels, and rising sophistication of cyber threats. Banks and financial institutions must embed robust information security practices, adopt advanced technology safeguards, and frame resilient business continuity measures to protect customers, stakeholders, and the wider financial…
Read article ISO 27001-Aligned Technology Risk Practices: From Patching to DDoS Defense
Organizations can materially reduce technology risk by enforcing disciplined lifecycle controls across change, access, monitoring, and vendor ecosystems, aligned to ISO/IEC 27001:2022 and NIST guidance. Patch management Change management Audit trails Security reporting and metrics Vendors and critical service providers Network security Remote access DDoS/DoS mitigation Implementing ISO/IEC 27001 Operational Risk Articles related to Model…
Read article Operational Risk in Practice: RCSA and KRIs Done Right
Operational risk teams rely on two cornerstone tools to keep processes safe and compliant: Risk and Control Self-Assessment (RCSA) and Key Risk Indicators (KRIs). Together, they identify where things can go wrong, evaluate whether controls are working, and track early warning signals against clear risk appetite thresholds. The result is sharper visibility, faster escalation, and…
Read article Operational Risk Loss Data: A Practical Guide to Collection, Standards, and Root-Cause Analysis
Introduction Operational risk loss data forms the foundation of a strong risk management framework. When collected and analyzed effectively, it transforms isolated incidents into enterprise-wide insights—supporting governance, capital planning, and stronger internal controls. By combining internal incident histories with external industry data, organizations can better address rare but severe risks, benchmark performance, and refine scenario…
Read article Understanding Operational Risk: Developments, Frameworks, and Strategic Approaches
Operational risk has become a central concern for financial institutions worldwide. Unlike credit or market risk, it is not confined to a specific category of transactions but permeates all organizational functions. Driven by emerging technologies, growing complexity in financial systems, and stricter regulatory expectations, operational risk demands a structured and strategic approach. Developments Giving Rise…
Value at Risk (VaR) Demystified: Methods, Assumptions, EVT, Stress Tests, and Back Testing
Overview and intentValue at Risk (VaR) estimates the maximum expected loss over a specified horizon at a chosen confidence level, giving a single, comparable summary of market risk across portfolios and desks. It answers: over horizon T, with confidence level p, what is the worst loss not exceeded under normal conditions. It is widely used…
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