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

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FEATURE ARTICLES

ClearView

Three often-overlooked questions to ask when evaluating business continuity software vendors
Organizations looking to purchase a new business continuity software solution tend to focus on software features but often fail to thoroughly evaluate risks specific to the vendor, says Mike Jennings. In this article, Mike examines three commonly overlooked vendor evaluation criteria and provides suggested questions for exposing hidden risks.
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• US / World

What are the risks of not responding to a critical alarm in time?
For any organization that operates within a high-risk environment, critical alarms are a fundamental component to assure the safety of staff and continuity of operations.
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• UK

Implementing IoT: transformation without business disruption
While successful Internet of Things (IoT) implementations can bring big benefits, many projects fail with associated business impacts. Jörg Hecke looks at how businesses can make the most of IoT, without impacting on business as usual.
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• Europe

Daisy

LATEST NEWS

Survey finds that cyber security budgets are up; with additional investments being made in risk identification and resilience
Companies worldwide expect to boost their cyber security investments by 34 percent in the next fiscal year, after raising them by 17 percent the previous year, according to a new study covering 467 firms across industries and based in 17 countries.
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• World

Inadequate identity practices are exposing many businesses to risks
LastPass by LogMeIn has announced the results of a new study conducted by Vanson Bourne to offer businesses insights into the state of identity and access management (IAM) and actionable steps to improve their IAM programme.
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• World

Business continuity plan ownership is shifting from IT to operations and business leadership
Databarracks has published its 2019 Data Health Check, its annual report into IT resilience, cyber security and cloud computing. The survey, which has been running since 2008, questions over 400 IT decision makers in the UK.
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• UK

Assurance Software

Equipment breakdown identified as a leading cause of business disruption
Equipment breakdown now rivals fire loss in both frequency and severity of claims, according to an analysis of large risk losses reported in 2018 to FM Global, one of the world’s largest commercial property insurers.
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• World

Tenable Research discovers high impact vulnerability in Siemens critical infrastructure design and automation software
Tenable has announced that its research team has discovered a critical vulnerability in Siemens STEP 7 TIA Portal, design and automation software for industrial control systems (ICS).
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• US

No sign of a reduction in ransomware attacks against UK organizations
Databarracks has shared new data from its soon-to-be-released Data Health Check survey which highlights that ransomware remains a serious issue for UK organizations.
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• UK

Risk Logic

Report identifies the top climate risks for Canada and looks at resilience by adaptation
An expert panel convened by the Council of Canadian Academies (CCA) has identified Canada's top climate change risks and determined that many costs and damages could be avoided with ‘prompt and thoughtful’ adaptation.
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• Canada

UK CFOs see Brexit and geopolitics as posing the two greatest risks to their businesses
More than eight in ten CFOs (83 percent) say they expect the long-term business environment to deteriorate as a result of the UK leaving the EU, according to Deloitte’s latest Q2 CFO Survey. This is the highest reading since the referendum in June 2016.
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• UK

GDPR bites British Airways with £183 million fine
GDPR risks came home to roost for UK organizations this week, with the Information Commissioner's Office (ICO) stating that it intends to fine British Airways £183.39M for GDPR infringements.
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• UK

Capital Continuity

Building resilience and managing post-disruption supply chain recovery: lessons from the information and communication technology industry
A new academic paper proposes an integrated framework to establish an effective post-disruption management process.
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• World

Have you assessed the organizational impacts and the business continuity benefits of 5G adoption?
A new study from Cradlepoint shows that businesses expect 5G to be a major part of their technology roadmap but have a long way to go before they are ready to implement a solution.
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• World

To combat potential risks, organizations need to take a holistic approach to responsible AI practices
The estimated $15.7trn economic potential of artificial intelligence (AI) will only be realised if the integration of responsible AI practices occurs across organizations, and is considered before any developments take place, according to a new paper by PwC.
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• World

eBRP

IEC 31010:2019 - updated standard for risk assessment techniques now available
ISO has announced the availability of an updated standard, IEC 31010:2019 ‘Risk management - Risk assessment techniques’. This provides guidance on the selection and application of techniques for assessing risk in a wide range of situations.
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• World

Resilience First releases guide to resilience planning for businesses
The London-based organization Resilience First has produced an aide-memoire that contains key guidance and actions to help business resilience. The ‘Guide to Resilience Planning for Business Communities’ provides some straightforward advice on building resilience...
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• UK

Report explores cyber resilience, defining its differentiation from cyber security
The Financial Education & Research Foundation (FERF), the independent non-profit research affiliate of Financial Executives International (FEI), has released the ‘Protection vs. Preparation: The Critical Difference Between Cybersecurity and Cyber Resilience’ report sponsored by Microsoft.
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• US / World

Fortress

Majority of industry sectors experienced an increase in disruption over the past eight years: Accenture report
Nearly three-quarters (72 percent) of industry sectors experienced an increase in disruption over the past eight years, according to a new report from Accenture.
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• US / World

Canadian Financial Sector Resiliency Group launched to help improve financial sector resilience
The Bank of Canada has announced the launch of a public-private partnership to strengthen the resilience of Canada’s financial sector. The Canadian Financial Sector Resiliency Group (CFRG) will be responsible for coordinating a sector-wide response to systemic-level operational incidents.
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• Canada

Australian Securities & Investments Commission consults on proposed technological and operational resilience rules
The Australian Securities & Investments Commission (ASIC) has published a consultation paper proposing new market integrity rules for securities and futures market operators and participants. The rules promote technological and operational resilience of critical systems.
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• Australia

COMPANIES AND MARKETS

BlackBerry launches 24x7 threat hunting managed service
BlackBerry Limited has announced the introduction of CylanceGUARD, a managed detection and response solution that leverages BlackBerry Cylance security experts and its native AI platform to provide continuous threat hunting and monitoring.
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• UK / World

phoenixNAP launches DRaaS solution based on VMware vCloud Availability
phoenixNAP has announced the general availability of its new disaster recovery as a service (DRaaS) solution powered by VMware vCloud Availability, a unified solution built to offer simple, more secure, and cost-effective onboarding, migration, and disaster recovery services for multi-tenant VMware clouds.
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• US

New approach to flood insurance will assist many UK businesses that struggle to get cover
JBA Risk Management and FloodFlash have partnered to provide a breakthrough in event-based flood insurance, applying a parametric approach at property level.
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• UK

NEW PRODUCTS AND SERVICES

BC Management acquired by Avalution Consulting
Avalution Consulting has announced the acquisition of BC Management, the US-based provider of staffing services and data research for the business continuity profession.
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• US

JOB VACANCIES

Risk and Security Manager, UK

Business Continuity Resiliency and Crisis Manager, US

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IT Disaster Recovery Analyst, Senior, US

Managing Consultant - Business Continuity Management, Canada

Compliance Manager - Risk and Business Continuity, Australia

Senior Associate - Disaster Recovery, US

Business Resilience and Continuity Manager, US

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Clearview Consultants

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