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

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FEATURE ARTICLES

The operational resilience and business continuity debate
Continuity Central recently published ‘Business continuity and operational resilience – how different are they really?’ - an article exploring where the two disciplines merge together and where they don’t. Here are comments received from readers in response…
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• World

Cyber risk management: an overview
This article by Alberto G. Alexander, Ph.D, focuses on the major components of an effective cyber risk management process. Different options for establishing a cyber risk framework are presented and best practices for cyber risk management are suggested.
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• World

LATEST NEWS

Risk managers increasingly involved in corporate strategy
The Federation of European Risk Management Associations (FERMA) has now published the results of its 2022 European Risk Manager Survey, in cooperation with PwC France. The results confirm that we are in a period of transition in which risk managers are increasingly involved in corporate strategy.
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• Europe / UK

Public cloud costs versus resiliency: stateless applications
A new report from the Uptime Institute quantifies the costs, levels of resiliency, and outage compensation of different stateless cloud application architectures.
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• World

ENISA says that reported ransomware attacks are only the tip of the iceberg
A new threat landscape report on ransomware attacks published by the European Union Agency for Cybersecurity (ENISA) analysed a total of 623 ransomware incidents across the EU, the United Kingdom, and the United States for a reporting period from May 2021 to June 2022.
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• Europe / UK / US

APRA consults on new operational risk standard: includes updated requirements for business continuity
The Australian Prudential Regulation Authority (APRA) is consulting on a new Prudential Standard designed to strengthen the management of operational risk in Australia’s banking, insurance, and superannuation industries.
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• Australia

2022 BCI Middle East Awards presented
The BCI has presented its annual Middle East Awards during a virtual ceremony. The awards recognize business continuity, risk, and resilience excellence in the region.
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• Middle East

ICAEW issues a guide to proposed Resilience Statement in UK corporate governance shake-up
As reported by Continuity Central last year, the UK government is considering changes to UK corporate governance, which would include the statutory requirement for some organizations to prepare an annual Resilience Statement. To help organizations understand this requirement the ICAEW has issued new guidance ‘The Resilience Statement – everything you need to know’.
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• UK

IBM Data Breach Report highlights ‘costlier and higher-impact data breaches than ever before’
IBM Security has released its annual Cost of a Data Breach Report, revealing costlier and higher-impact data breaches than ever before, with the global average cost of a data breach reaching an all-time high of $4.35 million for studied organizations.
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• World

Survey reveals the important role of ‘malicious insiders’ in successful ransomware attacks
Gigamon has published the State of Ransomware 2022 and Beyond report, aimed at providing valuable insights on how the ransomware threatscape is evolving. According to the global survey of IT and security leaders across the US, EMEA, and APAC, nearly one-third of organizations have suffered a ransomware attack enabled by a malicious insider - a threat seen as commonly as the accidental insider (35 percent).
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• World

Research confirms origins of COVID-19: has important implications for preventing future similar pandemics
An international team of researchers has confirmed that live animals sold at the Huanan Seafood Wholesale Market were the source of the COVID-19 pandemic. Confirming that the source was an animal-human interface shows policy makers where to focus to help reduce the risk of future pandemics resulting from similar source conditions.
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• World

World ‘unprepared’ for magnitude of cascading climate risks
A new report from Verisk Maplecroft says that governments and businesses are not preparing effectively for changing environmental risks.
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• World

SonicWall Threat Report highlights significant changes in the threat landscape
SonicWall has released a mid-year update to its 2022 SonicWall Cyber Threat Report. This shows an 11 percent increase in global malware, a 77 percent spike in IoT malware, a 132 percent rise in encrypted threats and a geographically-driven shift in ransomware volume as geopolitical strife impacts cybercriminal activity.
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• World

Maritime sector and satellite infrastructure will be particular targets for cyber attacks in the second half of 2022
In its H2 2022 Global Threat Briefing, CyberCube warns that the maritime sector and satellite infrastructure are likely to be top targets for cyber criminals and, in particular, ransomware threat actors, as well as state-sponsored threats, during the remainder of 2022 and beyond.
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• World

Operational resilience: the Bank of England, PRA, and FCA explore measures to oversee critical third parties
The UK’s financial sector and markets supervisory authorities have released a new Discussion Paper exploring ways to bring critical third parties (CTPs) into operational resilience regulation.
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• UK

Gartner releases quarterly Emerging Risks Report: shows unusually high degree of interrelated risks
Concern about a macroeconomic downturn has rapidly ascended into the top emerging risk facing organizations, according to Gartner’s latest global Emerging Risks Report. The survey, with 306 senior executives and risk management professionals, was conducted in the second quarter of 2022.
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• World

Organizations struggling to secure diverse cloud environments
Appgate has released independent research from the Ponemon Institute finding that 60 percent of IT and security leaders are not confident in their organization’s ability to ensure secure cloud access, even as adoption continues to grow across a diverse range of cloud environments.
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• World

Updated Flood Risk Index maps how a changing climate will shape flood risk in the future
Marsh McLennan has released its updated Flood Risk Index 2.0, which shows how flood risks are expected to alter and develop as the climate changes.
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• World

NEW PRODUCTS AND SERVICES

Riskonnect announces business continuity and operational resilience enhancements to its platform
Riskonnect has announced enhancements to its platform, with new features to help organizations build business continuity and operational resilience.
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• World

AlertMedia introduces Analyst Access: offers direct access to global intelligence team during critical events
AlertMedia, the threat intelligence and emergency communication provider, has announced the global availability of Analyst Access, a new solution that gives organizations direct, around-the-clock, access to a team of expert threat intelligence analysts.
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• World

New Detectree open-source tool ‘connects the dots’ between suspicious activities during a cyber attack
Many companies struggle to understand malicious activity and their impacts while a security incident is in progress. It eats up precious time and resources that defenders need to contain the attack and minimize damage. However, a new open-source tool built to increase visibility on suspicious activities detected by organizations aims to relieve this pain.
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• World

Druva expands its cyber resilience portfolio
Druva Inc. has announced that it has expanded its cyber resilience portfolio with cyber attack readiness innovations, including new capabilities for data posture assessment and observability.
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• World

COMPANIES AND MARKETS NEWS

Resilience Association announces details of Annual Resilience Congress
On Tuesday 4th October 2022, the Resilience Association is delivering its Annual Resilience Congress. This year’s event is a hybrid, with delegates able to attend in-person at One Moorgate Place, London, or virtually via Zoom.
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• UK

SIOS joins AWS ISV Accelerate Program to expand access to its high availability clustering software
SIOS Technology Corp., an industry leader in application high availability (HA) and disaster recovery (DR), has announced that it has been accepted into the Amazon Web Services (AWS) Independent Software Vendor (ISV) Accelerate Program.
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• World

JOB VACANCIES

Head of Technology, Governance, Risk and Compliance, UK

Risk and Business Continuity Officer, Australia

Sr Manager Business Continuity Planning, US

Business Continuity Analyst, US

Business Continuity Analyst, US

Business Continuity Manager, UK

Senior Business Continuity Manager, UK

Two business continuity / crisis management consulting roles, UK

More job vacancies can be seen at http://www.continuitycentral.com/index.php/jobs

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