This newsletter highlights all the feature articles published on Continuity Central during June 2022, as well as various resources.

NOTE: If you cannot read this newsletter properly visit www.continuitycentral.com/roundupjuly2022.html

FEATURE ARTICLES

Why resilience needs to extend to the way you manage your buildings
Building and facilities management technologies have come a long way in recent years, with smart analytics available to help prevent equipment breaking down, and the resulting issues of high or low temperatures, reductions in air quality, and costly downtime. Matthew Margetts looks at why resilience management must include looking at how your organization manages its buildings.
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• World

Taking the guesswork out of cyber security
Saket Modi, CEO at Safe Security, explains why he thinks the current way of doing cyber security in many organizations is broken as far too much of the risk analysis and associated decisions are based on estimates and guesswork, instead of using a knowledge-based approach.
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• World

Problems with the podium: does Gold take all in crisis response?
Gold, Silver, and Bronze command tiers are a common way of structuring crisis response. The approach has been borrowed from UK Emergency Services, but does it always successfully transfer to other organizations? Robin Bucknall explores…
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• UK / World

Are your legacy systems an open door for cyber attacks?
Often the business systems you rely on most can be the most neglected. They have been running well for years without much attention. However, this situation must now be challenged – the changing cyber threat landscape means the risk of downtime to your legacy systems is increasing. Here Nick Denning proposes six steps to protect your organization and its legacy systems.
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• UK / World

If you really want to improve cyber resilience stop letting employees create their own passwords
A fundamental change of attitude to access credentials is required to give organizations a chance of regaining control over cyber security says Julia O’Toole, Founder and CEO of MyCena Security Solutions.
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• World

The role of human resources in workplace emergency management
Human resource (HR) leaders have a crucial role in workplace emergency management. They should support all stages of the emergency ‘incident lifecycle’ and need to take ownership of two critical steps says Todd Miller…
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• US / World

Why data leaks are the most prevalent security risk in the digital domain
At the heart of strong cyber resilience are certain core elements. One such area is data leakage prevention: data leaks are the most common digital risk faced by enterprises. In this article Pauline Losson looks at where the specific risks are in this area and how organizations should respond to these.
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• World

RESEARCH, REPORTS & PUBLICATIONS

Firmware attacks are becoming an increasingly significant threat
HP Inc. has released research from HP Wolf Security showing changing workforce dynamics are creating new challenges for IT teams around firmware security. As business workforces become increasingly distributed, IT leaders say it’s harder than ever to defend against firmware attacks.
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• World

Study reveals the current state of microsegmentation within enterprises
AlgoSec has released the findings of a new survey, conducted with market research firm Omdia, that sought to uncover the current state of microsegmentation within enterprises.
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• World

Survey looks at how organizations are restructuring for supply chain resilience
In response to supply chain issues caused by the COVID-19 pandemic, geopolitical disputes, raw materials shortages and trade issues, a majority of US-based companies are planning to relocate production closer to home.
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• US

UK critical national infrastructure at risk from critical cyber skills exodus
UK critical national infrastructure (CNI) organizations must take steps to ensure cyber leaders have the right budget, skills, and tech stack to build out and implement an effective cyber security strategy or risk an exodus of skilled cyber security professionals, according to new research from UK cyber security services firm, Bridewell.
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• UK

Digital resilience during the Fourth Industrial Revolution
A new report on how digital resilience can be advanced by developments in artificial intelligence (AI), quantum technology and cloud computing has been produced by Resilience First with Accenture and Cranfield University.
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• World

Swiss Re's 10th edition of SONAR scans the horizon for emerging risks
Swiss Re has released its 10th annual SONAR horizon scanning report. It highlights that new risks are arising while the global community deals with known challenges such as the pandemic, war in Ukraine, economic turbulence and failing trust in established social institutions.
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• World

Although virtually every company has a backup strategy, 26 percent of these fail when needed
Almost all (99 percent) of surveyed IT decision makers state they have backup strategies in place, but just over a quarter (26 percent) have admitted they were unable to fully restore all data/documents when recovering from a backup. This is according to an annual survey conducted in April 2022 by Apricorn.
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• UK

Application incompatibility is a growing threat to mission critical operations
Over three quarters (77 percent) of organizations have at least one application that is not compatible with the latest version of Windows, with up to a quarter (25 percent) of all applications incompatible for 89 percent of organizations.
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• UK / US

Allianz warns businesses that conditions exist for rising social unrest
Businesses should prepare for a rise in civil unrest as the cost-of-living crisis follows hard on the heels of the COVID-19 pandemic, according to insurer Allianz Global Corporate & Specialty (AGCS).
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• World

Risk and resilience in a perfect storm: Facing the future together
Airmic has published the results of its annual survey in the report ‘Risk and resilience in a perfect storm: Facing the future together’. This explores three themes – cyber, ESG and people – to see how risk professionals and their organizations are responding to them.
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• UK / World

Academic study finds that flood risk is often under estimated using current calculation methods
Flood frequency analysis is a technique used to estimate flood risk, providing statistics such as the ‘100-year flood’ or ‘500-year flood’ that are critical to flood risk management and resilience; including infrastructure design, dam safety analysis, and flood mapping.
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• US / World

NIST consults on extending the use of the business impact analysis from its business continuity roots
The US NIST has commenced a comment period for a new guidance document ‘Using Business Impact Analysis to Inform Risk Prioritization and Response’. The guidance looks at how the business impact analysis can be used to inform enterprise risk management.
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• US

80 percent of organizations that paid a ransom demand were hit again
Cybereason has published results of its second annual ransomware study which set out to better understand the true impact on businesses. This global study reveals that 73 percent of organizations suffered at least one ransomware attack in 2022, compared with 55 percent in the 2021 study.
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• World

2022 Outage Analysis report finds that digital infrastructure downtime costs and consequences are worsening
The digital infrastructure sector is struggling to achieve a measurable reduction in outage rates and severity, and the financial consequences and overall disruption from outages are steadily increasing, according to Uptime Institute’s 2022 Outage Analysis report.
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• World

DHS issues new US National Terrorism Advisory System Bulletin: ‘threat environment to become more dynamic’
Secretary of Homeland Security Alejandro N. Mayorkas has issued a National Terrorism Advisory System (NTAS) Bulletin regarding the continued heightened threat environment across the United States. This is the sixth NTAS Bulletin issued by the Department of Homeland Security (DHS) since January 2021 and it replaces the previous Bulletin.
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• US

The way forward for supply chain resilience: emerging supply chain technology themes
With increasing pressure on supply chain leaders to implement technological responses to disruptions, supply shortages and security incidents, Gartner, Inc. has identified the top eight supply chain technology themes in 2022. Gartner analysts have selected the themes for their potential to deliver automation, intelligence, and resilience.
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• World

Monetary Authority of Singapore issues updated business continuity guidelines
The Monetary Authority of Singapore (MAS) has issued revised guidelines on business continuity management for financial institutions. The revisions take into account learnings from the handling of the COVID-19 pandemic and increased digitalization in the financial sector.
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• Singapore

Downtime due to DNS attacks is a widespread problem
EfficientIP has published the findings of its eighth annual ‘2022 Global DNS Threat Report’, conducted by market intelligence firm IDC on its behalf. The research reveals the damaging impacts that Domain Name System (DNS) attacks have had on global organizations’ operations over the past 12 months.
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• World

The 2022 FM Global Resilience Index released: expands on previous versions
The online 2022 FM Global Resilience Index has been released. The 2022 update includes 15 economic, risk quality, and supply chain measures that offer insights into the vulnerabilities of a country’s business environment and, conversely, its resilience.
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• World

Research shows that zero trust segmentation ‘stops an average of five cyber disasters per year’
Illumio, Inc., has released ‘The Zero Trust Impact Report’. This presents the results of a survey conducted by The Enterprise Strategy Group (ESG).
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• World

Majority of CIOs say their software supply chains are vulnerable
Venafi has published the findings of a global study of 1,000 CIOs, in which 82 percent say their organizations are vulnerable to cyber attacks targeting software supply chains.
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• World

New case studies spotlight good and bad safety practice for complex systems
The Engineering X Safer Complex Systems (SCS) mission has published 18 new case studies examining the systemic successes and failures of different events around the world and how approaches to the design, construction, operation, management or governance of complex systems have resulted in safe or unsafe outcomes.
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• World

Ransomware, geopolitics, nation state and supply chain attacks rank as the biggest cyber threats
The 2022 Infosecurity Group State of Cybersecurity Report, produced by Infosecurity Europe and Infosecurity Magazine looks at the views of cyber security leaders about the current threat landscape.
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• World

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