Technology Resilience Risk

Technology Resilience Risk

Technology resilience risk refers to the potential for disruptions or failures in an organization's technology systems that can impact its operations, data integrity, and overall business continuity. This risk encompasses issues such as system outages, software failures, cyberattacks, and inadequate disaster recovery plans. A lack of technology resilience can lead to operational downtime, financial losses, and reputational damage. Effective management involves implementing robust IT infrastructure, conducting regular system tests and updates, developing comprehensive disaster recovery and business continuity plans, and fostering a culture of continuous improvement in technology management.

Basel scope:
  • Pillar 1
  • Pillar 2
Capital requirements:
Mitigated by Capital
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