A TOTP (Time-based One-Time Password) is a temporary passcode generated by an algorithm for authenticating access to computer systems. It is a form of 2FA (two-factor authentication) enhancing security by requiring not only a password but also a time-sensitive code. The code, typically generated on a mobile device, expires after a short window, reducing the risk of interception and reuse. From a risk management perspective, requiring TOTP for system access reduces the likelihood of credential-based attacks, such as phishing or brute force attempts. They are widely used to secure remote access, privileged accounts, and are becoming commonplace for everyday authentication. ...

AI inference happens when an AI model, trained to identify patterns in specific data sets, starts to recognise those patterns in new, unseen data. This allows the AI to make predictions and decisions, based on patterns, similar to humans. Further reading What is AI Inference? - Oracle Related pages AI training

The FCA defines an Important Business Service (IBS) as a critical service that if affected could impact clients or the market. FCA regulated organisations will typically take this definition and create their own process to consistently identify their own relevant services, and maintain their own Important Business Service list. means a service provided by a firm, or by another person on behalf of the firm, to one or more clients of the firm which, if disrupted, could: ...

Board governance is the system by which a board of directors controls an organisation, defining how it operates, makes decisions, and oversees key business outcomes such as strategy, risk, and performance. Effective boards ensure accountability through transparent reporting and ethical conduct, setting the tone at the top and fostering a culture of responsible leadership. Responsibilities of a Board Member Board members play a critical role in: Decision-Making: Setting strategic direction, approving major initiatives, and balancing short-term needs with long-term sustainability while considering stakeholder interests. ...

Containers are portable, self-contained software packages that include an application and all its dependencies, such as libraries and configuration files, allowing consistent execution across different environments; containers are effectively code that defines the environment in which the application runs. Portable: Containers bundle everything an application needs to run, allowing them to be moved between environments — such as laptops, servers, or the cloud. – Self-contained: Each container includes its own file system, processes, and network interfaces, isolating it from the host system and other containers. Consistent execution: By including all dependencies within the container, applications run reliably and consistently, regardless of the underlying infrastructure. Effectively code that defines the environment: A container image serves as a blueprint, specifying the operating system libraries, environment variables and settings, effectively acting as “code” that defines the runtime environment. Further reading The History of Containers (Red Hat Blog) Securing Containers: Keeping pace with change (ISF) Related Kubernetes