Business Impact Analysis & Organizational Cyber Risk Assessment

In this session, we will cover the final two essential risk assessments required from an IT and Information Security perspective for banks: the Business Impact Analysis (BIA) and the Organizational Cybersecurity Risk Assessment. These assessments are critical for identifying potential risks that could disrupt your operations or harm your cybersecurity posture, but it’s not enough to simply check them off your to-do list. We will show you how to conduct these assessments in a way that provides real value to your institution, enabling informed decision-making and proactive risk management.

You will learn:

• The key steps involved in conducting a Business Impact Analysis (BIA), including how to evaluate the potential impact of different threats on your business operations and determine which systems and processes are most critical to your institution’s survival.
• How to perform an Organizational Cybersecurity Risk Assessment, identifying the cybersecurity risks that could affect your organization at all levels—from operations and IT systems to third-party vendors and external threats.
• How to use the results of these assessments to prioritize resources and focus on mitigating the highest-impact risks that could have the most devastating effects on your institution.
• Best practices for aligning your BIA and Cyber Risk Assessments with regulatory requirements, ensuring you’re in compliance with laws and frameworks such as the FFIEC and NIST Cybersecurity Framework.
• Practical guidance for translating your assessment results into actionable strategies that enhance both your cybersecurity posture and your organization’s overall risk management.

By the end of this session, you’ll have the tools and knowledge to perform these critical assessments in a way that not only meets regulatory requirements but also strengthens your institution’s resilience against cyber threats and operational disruptions.