Business Continuity - Vizo Financial Blog

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Business Continuity

A collection of 11 posts

AI in Business Resilience: A Lesson in Risk vs. Reward

Risk Management

AI in Business Resilience: A Lesson in Risk vs. Reward

I’ve been in the field of business continuity for many years. In that time, there are a few lessons I’ve learned: * It’s fluid. As the world changes with evolving consumer expectations, technologies and business practices, so do continuity strategies. In fact, it wasn’t too long ago

Cyber Resilience & Business Continuity – A Powerful Pair in Risk Management

Risk Management

Cyber Resilience & Business Continuity – A Powerful Pair in Risk Management

Think of some of the most iconic duos in history, like Batman & Robin, Snoopy & Woodstock or Doc Brown & Marty McFly. Certainly, these characters are memorable on their own, but it’s hard to imagine one without the other, right? Just like these beloved fictional characters, there are

The ACH Backup Plan Your Credit Union Needs

The ACH Backup Plan Your Credit Union Needs

It’s not official yet, but we’re just waiting for Merriam Webster to deem “uncertainty” as the word of the year for 2025. We’re not surprised by any means, but it’s certainly (ironic, huh?) wearing out its welcome these days. Instead of resisting the word, though, why

Navigating Business Continuity Red Flags

Risk Management

Navigating Business Continuity Red Flags

Third-party vendors play a crucial role in the financial institution industry as technology evolves to meet consumers' ever-changing needs. However, without a shared commitment to business continuity, vendor relationships can falter, potentially impacting operations, compliance and customer trust. To sustain compliant and effective vendor relationships, credit unions should proactively

Adapting Business Continuity: Navigating Climate Change Challenges

Risk Management

Adapting Business Continuity: Navigating Climate Change Challenges

Climate change is a controversial topic, to be sure. But the 28 natural disasters, with an estimated $92.9 billion price tag, and a record for the eighth deadliest year for the United States, don’t lie. My apologies…I don’t mean to be the bearer of such disconcerting

Business Continuity Management & Enterprise Risk Management: The Super Duo of Resilience

Risk Management

Business Continuity Management & Enterprise Risk Management: The Super Duo of Resilience

To quote one of the world’s most famous and influential fictional characters, “Jenny and me was like peas and carrots!” Just as Jenny and Forrest Gump were two halves of one soul – or as Forrest so eloquently said, peas and carrots – I know another super duo that fits together

Preparing for Ransomware Attacks Through Business Continuity Planning

Risk Management

Preparing for Ransomware Attacks Through Business Continuity Planning

That’ll never happen. That’s extremely unlikely. Planning for that is a waste of time. I’ve got more pressing projects to work on. Have you ever said anything like that when it came to business continuity planning? Have you ever thought those phrases but never said them out

The 4 Building Blocks of Business Resiliency in a Post-Pandemic World

Risk Management

The 4 Building Blocks of Business Resiliency in a Post-Pandemic World

It seems like a whole lifetime ago that we lived a in relatively worry-free Covid-free world. But, though it’s certainly not the existence we wish to have, the pandemic has taught people and businesses alike to be resilient – not just stable, but resilient. That’s why we at Vizo

Making the Journey from Business Continuity to Business
Resiliency

Risk Management

Making the Journey from Business Continuity to Business Resiliency

It all happened so fast. One day, we started hearing about a new virus on the news and within a few short weeks, much of the world was in complete lockdown. That meant employees couldn’t return to the office, as something as simple as having a two-minute watercooler conversation

Does Your BCP Have a BCP? And other disaster recovery concerns

Risk Management

Does Your BCP Have a BCP? And other disaster recovery concerns

If there has ever been a year for contingency plans, 2020 is it. Many financial institutions have activated their business continuity plans (BCP) due to the COVID-19 pandemic. Now as hurricanes, wildfires, and other natural disasters disrupt business further, FIs are finding themselves activating a second BCP on top of

Playing the Post-Pandemic Game: Questions You Need to Be Prepared For

Risk Management

Playing the Post-Pandemic Game: Questions You Need to Be Prepared For

“Survey says…” “It’s time for Final Jeopardy!” “We’re ready for the Showcase Showdown!” Don’t these lines bring back memories from some of our favorite game shows? Chances are, you read those renowned statements from Family Feud, Jeopardy! and The Price is Right, and automatically knew the context