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

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FEATURE ARTICLES

Three best practices for mitigating digital third-party risks
As businesses continue to evolve in response to COVID-19, rapidly moving towards digital transformation, there’s a risk they’re exposing themselves to more third-party risk than is necessary. Aaron Dobie suggests three steps that can help mitigate some of these risks.
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• World

A question of integration: the importance of incorporating cyber security into operational resilience strategies
To achieve effective operational resilience firms must make a significant strategic shift, adopting an integrated approach to addressing operational resilience and cyber security, rather than seeing them as two disparate functions, says Guy Warren…
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• UK / World

How will ransomware attackers respond to the Colonial Pipeline ransom recovery?
The FBI has announced that it successfully seized criminal proceeds from a bitcoin wallet that DarkSide ransomware actors used to collect a cyber ransom payment from Colonial Pipeline. The question that the ransom recovery raises is how will ransomware attackers respond?
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• World

Flash drive shortage forces new thinking about enterprise storage: how to avoid critical issues
With flash media inventories depleted and the cost of drives increasing rapidly, enterprises have been forced to pivot to meet their need for capacity and performance. Experts at StorONE have offered advice for organizations to help ensure that the shortages don’t result in mission critical issues…
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• World

LATEST NEWS

DNS attacks on the rise finds 2021 Global DNS Threat Report
EfficientIP has announced the results of its 2021 Global DNS Threat Report. The annual research, which was conducted in collaboration with IDC, sheds light on the frequency of the different types of DNS attack and the associated costs for the last year throughout the COVID-19 pandemic.
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• World

Positive Technologies uncovers serious threats to industrial control systems worldwide
Positive Technologies experts have identified 10 vulnerabilities in the CODESYS automation software for industrial control systems. Some are of high and critical severity. CODESYS has fixed the vulnerabilities and released related security advisories.
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• World

Pandemic response: the Impact of COVID-19 on Workplace Collaboration Survey
AvePoint, Inc., has published the results of its ‘Impact of COVID-19 on Workplace Collaboration Survey’. The report, conducted in partnership with Exec Survey and iGov Survey, reveals how over 200 organizations in the UK managed business continuity when the pandemic hit, where they face security challenges today, and what policies and procedures they are prioritising in the next six months.
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• UK

SONAR 2021 identifies restarting of mothballed facilities as the largest short term emerging risk
The Swiss Re Institute has published its SONAR 2021 which provides a wide-ranging analysis of emerging risks. The report finds that COVID-19 shaped the top two emerging risks this year.
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• World

Council of the EU says that COVID-19 is changing the terrorism landscape
The Council of the EU has approved the conclusions of an Item Note from the General Secretariat of the Council which sets out how COVID-19 has influenced developments in the terror threat from extremist groups.
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• Europe

New ISO standard on managing psychosocial risks in a work environment published
A new standard, ISO 45003:2021 ‘Occupational health and safety management - Psychological health and safety at work - Guidelines for managing psychosocial risks’ is now available. ISO 45003 provides guidelines for managing psychosocial risk within an occupational health and safety management system based on ISO 45001.
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• World

Company and Markets News

The Risk Management Association launches 'Women in Risk' initiative
The Risk Management Association (RMA) has launched its new ‘Women in Risk’ community with a special panel discussion at its Governance, Compliance, and Operational Risk Virtual Conference.
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• World

Cohesity backup as a service offering now available in Europe
Cohesity has announced the launch of its ‘DataProtect delivered as a Service’ backup as a service (BaaS) solution to customers in Europe. Hosted on AWS, the offering gives enterprise and mid-size customers a simple way to back up data, eliminate silos, and drive down capital expenditure costs, while Cohesity takes care of managing the underlying infrastructure.
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• Europe

New Products and Services

OnSolve and Base Operations partner to provide customers with contextual based, risk assessment capabilities powered by artificial intelligence
OnSolve has announced a partnership with Base Operations, a risk intelligence company offering street-level threat assessment for global companies powered by artificial intelligence (AI). The partnership creates a new AI-driven risk analysis capability that provides context and relativity to a targeted region before an event, or as a critical event is being tracked...
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• US / World

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