The Preparis Blog

Financial Services

Posted on January 28, 2016 by

Suicide in the Workplace: Prevention & Response

Suicide touches everyone. About every 15 minutes someone dies by suicide, and about every minute someone attempts suicide. This is an issue that is especially prevalent among working-age adults. Not only can the suicide of an employee disrupt business as usual, it can deeply impact coworkers and their mental state following the incident. It is the responsibility of both managers and employees to prevent these incidents from happening, and to also respond to people who may be at…

Continue Reading
Posted on January 19, 2016 by

Preparis’ 2015 Year in Review: A CEO’s Perspective  

As a determined entrepreneur, you never know how successful a company will be until you take the leap of faith to just start it. That’s part of the fun and working hard to make customers successful along with having a great team behind you, sets the table for success. 2015 was an awesome year for Preparis.  Not only did we grow our business significantly with some terrific, new customers (you all know who you are!), we also did a lot…

Continue Reading
Posted on July 22, 2015 by

Run. Hide. Fight: Responding to an Active Shooter

In a recent FBI study, findings indicate active shooter incidents are becoming more frequent. Because they can occur anywhere at any time, it is important that Crisis Teams remain vigilant in their efforts to prepare for and respond to such incidents. Part of that preparation is ensuring every employee knows what to do should an active shooter enter the work site. One way to increase company-wide preparedness is to enforce the Run. Hide. Fight. principle. This principle is a…

Continue Reading
Posted on August 12, 2014 by

Cybersecurity for Asset Managers: Don’t Let the Russian Big Data Breach Happen to You!

Yet another information breach has amassed millions of private usernames and passwords from around the world, further demonstrating the need for increased proactive cybersecurity measures. As asset managers, it is imperative that the highest level of protection is implemented to protect the financial interests of your clients. The SEC agrees. On April 15, 2014, the US Securities and Exchange Commission alerted registered firms about cybersecurity preparedness and ways to ensure compliance. Missed the message? We can help! Cybersecurity…

Continue Reading
Posted on March 28, 2014 by

3 Key Business Continuity Program Plans for Financial Services Firms

Most financial services firms have developed business continuity and disaster recovery plans to satisfy the minimum standards required for regulatory compliance and recommendations. However, clients depend on a firm’s ability to keep the business running and deliver services despite any disruptions which is why firms should evolve from simply “checking-the-box” to a implementing full BC programs. Is your firm prepared to quickly assess the impact of a disaster and execute an effectively planned response and recovery based on…

Continue Reading
Posted on February 27, 2014 by

Pandemic Planning for Banks

Banks must not only “check the box” when it comes to a variety of business continuity compliance requirements, but clients depend on a bank’s ability to continue the delivery of services regardless of an interruption – including pandemic events. I had the opportunity to attend the Alabama Bankers Association’s Bank Operations and Management Summit on February 5th to speak with members of the banking industry. A common point of concern for many bankers is pandemic planning. The Federal…

Continue Reading
Posted on February 7, 2014 by

Sochi Teaches Us to Be Prepared for Cyber Attacks

Large events have the potential to be hives for terrorist activity, but the International Business Times ­warns of another type of attack amidst the Sochi Winter Olympic games: Cyber Attacks. IB Times references a report by the U.S. Computer Emergency Readiness Team which is a part of the Department of Homeland Security explaining that “hacktvists (activist hackers) and cybercriminals may attempt to take advantage of the international attention surrounding the games.” Various cyber attacks include Olympic Hactivists, fake…

Continue Reading
Posted on January 6, 2014 by

Wall Street Journal Reports on the Need for Ongoing Risk Assessment

The Wall St. Journal’s Morning Risk Report today discussed the need for continual, ongoing assessment of the threats to your business. “Whenever a company went through its last assessment or met its last compliance requirement, that was just a point in time,” said Erik Bataller of the risk management company, Neohapsis. “It’s one of the things we need to work toward from a compliance perspective…we see it in the cloud world, the real time development, the real time…

Continue Reading
Posted on November 6, 2013 by

Business Continuity Vendor Relationship Best Practices from the SEC

If your firm needs assistance in creating or testing your Business Continuity and Disaster Recovery plans, it won’t be alone in hiring a third party vendor. The SEC’s National Examination Program (NEP) deems it a “notable practice” to use a third party service provider to annually audit your business continuity plan and analyze the results for areas of improvement. Here are a few Business Continuity vendor relationship considerations the NEP noted: 1. Evaluate the BCP of your service…

Continue Reading
Posted on October 24, 2013 by

5 Ways to Improve Your Business Continuity Program’s Communication Plan

The Securities and Exchange Commission (SEC) tasked the National Examination Program (NEP) with reviewing the Business Continuity and Disaster Recovery plans of dozens of financial services firms in the aftermath of Superstorm Sandy. It was the goal of the SEC and NEP to understand how financial services firms were impacted by the storm, how they enacted their BC and DR plans, and determine any opportunities for improvement. You can read their full report here. One of the weaknesses…

Continue Reading

Business Continuity Resources

Find business continuity resources, including free webinars, whitepapers, checklists, and tabletop exercises. Visit: Preparis Resources