Your weekly update of business continuity, enterprise risk management and resilience news.

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FEATURE ARTICLES

ClearView

Disaster recovery testing: how to get it right
With an article prepared for Business Continuity Awareness Week, Ryan Weeks, chief information security officer at Datto shares five tips that business managers and IT teams should follow to help ensure that disaster recovery testing efforts are effective.
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• World

Eight steps for a dependable disaster recovery plan
Disaster recovery is an essential part of any business protocol, but each year we see numerous organizations fall short. By following these eight basic principles, Rod Harrison says that businesses can ensure that they have a complete DR plan that will provide full business continuity...
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• World

Daisy

Adaptive BC: the business continuity industry’s version of The Emperor’s New Clothes?
Adaptive Business Continuity (Adaptive BC) is an alternative approach to business continuity planning, ‘based on the belief that the practices of traditional BC planning have become increasingly ineffectual’. In this article, Jean Rowe challenges the Adaptive BC approach.
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• World

Changing the game: reputation risk in the cyber era
With the explosion of social media today, can you actually get a rendering of what is being said about you, your organization, etc. so as to enable you to protect your reputation? Or, is it just too much and too overwhelming due to the velocity of information that exists today? Geary Sikich explores…
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• World

Assurance Software

Business continuity of business models: Evaluating the resilience of business models for contingencies
A new academic paper proposes that a shift is needed in business continuity approaches from value preservation to value creation. Written by researchers from the University of Turku and the University of Jyvaskyla, the paper also charts ‘new and novel areas of collaboration between two important areas of information management – business continuity and business models’.
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• World

Business Continuity Awareness Week 2019 updates
Business Continuity Awareness Week (BCAW) is an annual global event that is facilitated by the Business Continuity Institute (BCI) and this year takes place from 13th to 17th May. This page provides updates through to the end of BCAW.
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• World

LATEST NEWS

eBRP

Uptime Institute launches Outage Severity Rating system
The Uptime Institute has announced the launch of its new Outage Severity Rating (OSR), which aims to help organizations better understand and articulate service outages in the context of how each incident affects the business.
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• US / World

The Securities Commission Malaysia issues business continuity guidance
The Securities Commission Malaysia (SC) has published a new document ‘Guiding Principles on Business Continuity’ for capital market entities, as part of its ongoing efforts to enhance the systemic resiliency of the capital market.
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• Asia Pacific

Report highlights common challenges and good practices to overcome risk management difficulties
A new report by Cass Business School for the ACCA (the Association of Chartered Certified Accountants) uncovers how board-level risk management activities vary in organisations as a result of internal and external factors.
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• UK / World

Risk Logic

Winter storms, communications failure top list of business interruptions for Canadian companies
A survey of Canadian mid-sized businesses published for Business Continuity Awareness Week took the pulse of managers, owners and executives to find out what types of disasters they had encountered, and what their level of preparedness they felt they had in place.
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• Canada

BCI launches ‘Introduction to Organizational Resilience’ video
The Business Continuity Institute has used BCAW 2019 as a platform to launch a new video which provides a clear overview of what organizational resilience is.
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• World

Assess business continuity and resilience in terms of value of investment rather than return…
Business people are comfortable talking about return on investment (ROI), but this may not be the right way to assess spend on business continuity and resilience programmes, says Karven Naidoo, client executive at ContinuitySA.
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• Africa / World

Capital Continuity

‘Managing Disruption: Business Continuity for Legislatures’ - new guidance launched by LABCoN
The Legislative Assemblies Business Continuity Network (LABCoN) has used Business Continuity Awareness Week as a platform to launch new business continuity guidance specifically aimed at legislatures.
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• World

Survey shows that many UK organizations struggle to keep their business continuity plans up-to-date
To mark the start of Business Continuity Awareness Week, Databarracks has released preliminary data from its upcoming Data Health Check survey on business continuity practices in the UK. The data reveals that only 54 percent of UK organizations are confident that their business continuity plans are up-to-date.
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• UK

The winners of the BCI European Awards
The Business Continuity Institute announced the winners of the 2019 BCI European Awards at a ceremony on the evening of 9th May, in Hamburg. The awards recognise excellence in the business continuity and resilience profession.
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• Europe / UK

Fortress

The C-suite is the latest target for cyber attacks warns 2019 Data Breach Investigations Report
C-level executives – who have access to a company’s most sensitive information, are now the major focus for social engineering attacks, according to the Verizon 2019 Data Breach Investigations Report.
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• World

DDoS attacks decline in Q1 2019, but hyper-scale attacks increase
Cloud anti-DDoS vendor Link11 has released its DDoS statistics for Europe for Q1 2019. The data shows that the quarter saw the number of attacks decline by nearly 20 percent compared with Q4 2018, to 11,177 from 13,910.
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• Europe

Many organizations still taking risks by not effectively managing open source use
A new report highlights trends and patterns in open source use. It finds that many organizations are not effectively managing open source applications and components, resulting in significant vulnerabilities.
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• World

Study on third party IoT risk: companies don’t know what they don’t know
The Santa Fe Group has published the results of the Third Annual Ponemon Institute’s study on Third Party Risk for the Internet of Things (IoT). Ponemon reports an increase in IoT-related data breaches specifically due to an unsecured IoT device or application.
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• World

Improving the use of data and analytics is the top priority for risk managers
Risk managers are operating in an environment rich in data that when combined with growing alternative risk solutions can result in more robust risk finance strategies and more resilient organizations, according to a new survey report published by Marsh and RIMS.
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• US / World

COMPANIES AND MARKETS

Sungard AS emerges from prepackaged Chapter 11 and faces the future with a new CEO
Sungard Availability Services (Sungard AS) announced on May 3rd that it has completed its prepackaged Chapter 11 restructuring after its acceptance by the US Bankruptcy Court Southern District of New York.
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• US / World

Everbridge releases first quarter 2019 financial results
Everbridge, Inc., has announced its financial results for the first quarter ended March 31st, 2019. Total revenue was $42.8 million, an increase of 40 percent compared to $30.5 million for the first quarter of 2018.
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• US / World

Clearview Consultants

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Risk and Business Continuity Advisor, Australia

Business Continuity Manager, US

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