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

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FEATURE ARTICLES

ClearView

Edge computing and hyperconvergence: the formula for maximum uptime?
There is plenty of hype around edge computing and hyperconvergence, but how useful are these technology approaches to business continuity? Alan Conboy explains why the combination can help to reduce downtime to the absolute minimum.
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• World

Crisis communications lessons from a statement made by the UK National Grid CEO
On August 9th the UK experienced its largest wide-area power outage for over a decade, causing widespread disruption. Following the incident, National Grid CEO John Pettigrew issued a crisis communications statement, which provides some interesting lessons...
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• UK / World

The importance of cyber due diligence in mergers and acquisition risk management
The need for cyber due diligence in a merger or acquisition of a business is more relevant than ever before. Connor Lattimer, Associate Director at Control Risks, explores the subject, and offers some pointers for risk managers.
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• UK / World

Assurance Software

LATEST NEWS

New research into reading comprehension could help improve business continuity plan use
Researchers have found that a knowledge threshold may be an essential component of reading comprehension; and this could suggest that people expected to use business continuity plans may need a level of BC understanding before they can effectively use the plan.
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• World

Global organizations ‘face significant gaps in enterprise risk management’
New GRC survey uncovers mixed levels of executive confidence in organizations’ ability to manage risks, map ownership and identify third-party vulnerabilities.
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• World

Business disruptions and affective reactions: a strategy-as-practice perspective on fast strategic decision making
Affective reactions are the physical and emotional ways that a person reacts to a particular situation. In a new academic paper the authors look at how they can impact decision making in pressurized situations.
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• Europe / World

Daisy

Key questions to ask to improve your third-party IT risk management
A new resource from ISACA, ‘Managing Third-Party Risk: Cyberrisk Practices for Better Enterprise Risk Management’ provides information and advice to help organizations better manage third-party IT risks.
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• US / World

Survey identifies security blind spots as organizations tackle advanced threats
As the quantity and frequency of advanced threats continue to accelerate, a new SANS Institute survey, ‘Effectively Addressing Advanced Threats’, found that a continued lack of visibility and the complexity of managing data across on-premises and cloud infrastructures further complicates the battle against such threats.
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• US / World

Capital Continuity

Ebola preparations stepped up in Burundi
The Ebola virus disease outbreak in the Democratic Republic of Congo continues to spread in the east of the country with a high risk of a spill-over into the neighbouring countries. As a result of this Burundi, with assistance from the European Union, is strengthening its Ebola preparedness measures.
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• Africa

Industrial IoT cyber vulnerabilities 'could cause multi-billion dollar losses'
Kovrr has released a report that estimates the potential for both large and catastrophic insurance losses to the United States manufacturing industry due to recently discovered industrial IoT vulnerabilities.
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• US

eBRP

Key person risks are critical for many UK small businesses
More than a quarter (26 percent) of small businesses in the UK would have to immediately close if a key person died or became critically ill, according to research by Legal & General into the business protection market.
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• UK

Organizations need to do more to manage third party risks says US Chamber of Commerce
The Q2 Assessment of Business Cyber Risk (ABC) report released by the US Chamber of Commerce and FICO recorded a National Risk Score of 688, a slight improvement over the previous quarter's score of 687.
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• US / World

Ransomware modifications double year-on-year: sign that criminal activity is intensifying
Kaspersky researchers detected 16,017 new ransomware modifications in Q2 2019 – including ones belonging to eight new malware families.
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• World

Fortress

Point-in-time approach to third-party risk management is no longer effective says Gartner
A Gartner survey of more than 250 legal and compliance leaders reveals that the standard point-in-time approach to risk management is no longer effective in today's landscape of fast-paced, rapidly changing business relationships.
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• US / World

Research shows that red team exercises are more effective than blue
A new survey-based study from Exabeam showed that 68 percent of respondents find that red team exercises are more effective than blue team testing, and more companies are practicing red over blue team testing.
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• US / World

‘Under the radar’ DDoS attacks increase by 158 percent in Q2 2019
Small-scale Distributed Denial of Service (DDoS) attacks are becoming more frequent and sophisticated, according to new research from Neustar’s Security Operations Centre (SOC).
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• World

Risk Logic

Above normal Atlantic hurricane season now the most likely 2019 outcome
NOAA says that conditions are now more favorable for above-normal hurricane activity since El Nino has now ended. Forecasters with NOAA’s Climate Prediction Center have increased the likelihood of an above-normal Atlantic hurricane season to 45 percent (up from 30 percent from the outlook issued in May).
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• US

Malicious encryption of shared network files in cloud service providers is top ransomware threat
Vectra research for its ‘Spotlight Report on Ransomware’ shows that cybercriminals’ most effective weapon in a ransomware attack is the network itself, which enables the malicious encryption of shared files on network servers, especially files stored in infrastructure-as-a-service (IaaS) cloud providers.
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• World

NEW PRODUCTS AND SERVICES

Druva launches DRaaS offering with built-in disaster recovery on AWS
Druva, Inc., has announced the general availability of its Disaster Recovery-as-a-Service (DRaaS) offering for enterprise workloads. Built on AWS, Druva says that its new DRaaS offering helps improve business continuity with features including automated runbook execution, tighter AWS integration, and simplified orchestration and testing...
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• US / World

Datrium DRaaS ‘first to offer enterprise-class on-demand DR from S3 backups’
Datrium has announced the introduction of Datrium DRaaS with VMware Cloud on AWS. Built on Datrium's workload orchestrator, ControlShift, this new SaaS solution provides ‘the world's first production support of fully automated failover to the VMware Cloud on AWS based on snapshots held in AWS S3’, according to the company.
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• US / World

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Risk Management and Business Continuity Officer, UK

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