Regionals built first-line defences pre-CrowdStrike
In-business risk teams vary in size and reporting lines, but outage fears are a constant
Jump to: Organisation and staffing | Technology | Risk appetite and mitigation | Mini-methodology
In outline, the CrowdStrike outage in July illustrates why IT disruption continues to be a major bugbear for op risk managers. It doesn’t require an evil mastermind, or a once-in-a-generation alignment of random factors – just a hardware or software defect in a piece of networked technology.
In a financial system that is increasingly dependent on technology – often third-party technology – and also
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