This newsletter highlights all the feature articles published on Continuity Central during May 2021, as well as various resources.

NOTE: If you cannot read this newsletter properly visit www.continuitycentral.com/roundupjune2021.html

FEATURE ARTICLES

Effective measurement of enterprise risk management programs
Enterprise risk management programs need to have mechanisms that management can use to measure their effectiveness. This is possible using key performance indicators (KPI) and key risks indicators (KRI). In this article, Alberto G. Alexander, Ph.D, MBCI explores this area.
Read the article
• World

Building organizational and individual resilience: a combination of process and people
Individual resilience drives organizational resilience – and vice versa says Julia Johnson. In this article Julia explores ways to strengthen both of these key areas within your organization, ensuring that your business continuity planning takes into consideration the breadth and depth of human fragility.
Read the article
• UK / World

What does it take for an organization to be truly resilient?
Harold Pradal, Group Commercial Director at BSI, discusses the importance of organizational resilience, describes how its 16 inter-related elements combine into a holistic Framework, and considers how COVID-19 has brought organizational resilience into focus.
Read the article
• World

What senior executives need to know about cyber breach management
Senior executives are justifiably concerned about cyber risks, but what involvement should they have in order to help make the business more resilient and a recovery more successful? Colin Jeffs MBCI explains the difference having an overall strategy for resilience, sponsored at board level, can make...
Read the article
• UK / World

The Colonial Pipeline ransomware attack: views from various cyber security experts
Over the weekend of 8th-9th May 2021, a cyber criminal group took one of the largest US fuel pipelines offline with a ransomware attack against the operator Colonial Pipeline. Cyber attacks on critical infrastructure have been on the risk registers of many nations and organizations and this attack shows how potentially damaging such incidents can be. In this article various cyber security experts give their thoughts on the attack…
Read the article
• US / World

Cyber security is in denial, that's why it needs the Lean Six Sigma approach
If most businesses were honest, they would admit that they don’t have a full picture when it comes to understanding what threats they face from cyber attacks. That’s why security leaders need to take lessons from the corporate world and approach cyber security through a new Lean Six Sigma lens says Miles Tappin.
Read the article
• World

Smart shoring for agility and the myth of re-shoring for resilience
When crisis strikes, it might seem prudent to turn inward, bring your resources closer to home and batten down the hatches. Despite our global economy, it seems almost instinctual to retreat ‘home’ in the face of danger. This is the wrong approach, Gary Harrold argues.
Read the article
• World

RESEARCH, REPORTS & PUBLICATIONS

Denmark tops the 2021 FM Global Resilience Index
After a year of supply chain disruption, political tension and growing climate worries, resilience has become a prized commodity for global businesses, and it’s more prevalent in some places than in others, according to the newly released 2021 FM Global Resilience Index.
Read the article
• World

Nearly half of UK businesses impacted by fake reviews and negative social media posts in the last year
The ‘Reputation Report 2021’, published by Igniyte, presents the results of a survey of 500 UK business owners and managers into reputation-damaging incidents and how businesses attempt to manage such crises.
Read the article
• UK

GDPR three years on: 90 percent of security leaders concerned about data breach litigation
Research by Egress has found that 90 percent of security leaders are concerned about group legal settlements following a serious data breach. Launched to commemorate three years of GDPR, the research also found that almost half (47 percent) of consumers were likely to join a class-action lawsuit against an organization that had leaked their data, proving security leaders’ fears to be accurate.
Read the article
• World

BC Management releases the 19th Edition BCM Compensation Report
BC Management carries out an annual survey of the income earned by business continuity professionals around the world. Conducted in partnership with the BCI, the latest edition is now available.
Read the article
• World

Over half of organizations have faced a risk incident due to third-party failure during the COVID-19 pandemic
A new survey by Deloitte into extended enterprise risk management (EERM) has found that more than half of (51 percent) of responding organizations have faced one or more third-party risk incidents whilst responding to the COVID-19 pandemic.
Read the article
• World

NOAA predicts another active Atlantic hurricane season but not as severe as 2020
NOAA’s Climate Prediction Center is predicting another above-normal Atlantic hurricane season. Forecasters predict a 60 percent chance of an above-normal season, a 30 percent chance of a near-normal season, and a 10 percent chance of a below-normal season.
Read the article
• Various

ISACA survey: only a third of US organizations say they are highly prepared for a ransomware attack
In the aftermath of the Colonial Pipeline attack, ISACA polled more than 1,200 members in the United States and found that 85 percent of respondents think that their organization is at least somewhat prepared for a ransomware attack, but just 32 percent say their organization is highly prepared.
Read the article
• US

Report describes how taking an ‘engineering perspective’ can enhance resilience
A new report published by the Royal Academy of Engineering makes recommendations for a new approach that could enhance the resilience of UK infrastructure, communities, and organizations. Entitled ‘Critical capabilities: strengthening UK resilience’ the report recommends that taking an ‘engineering perspective’ could help the UK to build a more resilient future.
Read the article
• UK

FEMA releases guidance for disaster response and recovery in a pandemic environment
FEMA has published ‘COVID-19 Pandemic Operational Guidance: All-Hazards Incident Response and Recovery’, a document aimed at helping emergency managers plan for disaster response and recovery, while adhering to public health guidelines to prevent the spread of COVID-19.
Read the article
• US

Deloitte study looks at the characteristics of highly resilient private businesses
Deloitte has published ‘Crisis as catalyst: Accelerating transformation’, a report into organizational resilience in the global private company market segment.
Read the article
• World

Effective ‘risk resilience’ is increasingly correlated to viability, growth potential, and competitiveness
According to the inaugural Marsh Risk Resilience Report, as new challenges continue to emerge, and the risk landscape grows increasingly complex, the competitive advantage that ‘risk resilient’ firms can gain is increasing.
Read the article
• World

Half of Canadian businesses have increased priority given to business continuity since the start of COVID-19
First Onsite Property Restoration has released a survey of Canadian businesses that takes the pulse of how they prioritize disaster preparedness.
Read the article
• Canada

DHS warns of possible uptick in domestic terrorism with easing of COVID-19-related restrictions
US Secretary of Homeland Security Alejandro N. Mayorkas has issued a National Terrorism Advisory System (NTAS) Bulletin after consultation with the Intelligence Community and law enforcement partners.
Read the article
• US

Report reveals that two-thirds of CISOs feel unprepared to cope with a cyber attack
Proofpoint has released its inaugural 2021 Voice of the CISO report which explores key challenges facing chief information security officers (CISOs) after an unprecedented twelve months.
Read the article
• World

Ransomware report highlights how sophisticated double extortion attacks are causing significant business disruption
Zscaler, Inc., has published its new Ransomware Report featuring analysis of key ransomware trends and details about the most prolific ransomware actors, their attack tactics and the most vulnerable industries being targeted.
Read the article
• World

DDoS report highlights attack trends including increased sophistication, size, and frequency
Corero Network has published the latest edition of its annual DDoS Threat Intelligence Report that compiles the latest trends, observations, predictions, and recommendations based on DDoS attacks against Corero customers during 2020.
Read the article
• World

‘The next great financial crisis could come from a cyber attack’ says DFS report
The New York State Department of Financial Services (DFS) has issued a report into the SolarWinds cyber attack, saying that the incident shows that a cyber attack could be the root cause of the ‘next great financial crisis’.
Read the article
• US

BCI North America Next Practice Group issues report into the future of the business continuity profession
The BCI North America Next Practice Group has published 'Business Continuity and Resilience: A Generational Perspective', a research report analyzing how business continuity practitioners view the profession's future direction.
Read the article
• US / World

How the world created the ‘perfect storm’ for pandemics
The way that many of us live has created the 'perfect storm' for the evolution and transmission of infectious diseases like COVID-19 according to a researcher at the University of East Anglia.
Read the article
• World

IOSCO publishes review of business continuity planning in trading venues and market intermediaries
The Board of the International Organization of Securities Commissions (IOSCO) has published a Thematic Review on the extent to which participating IOSCO member jurisdictions have implemented regulatory measures consistent with the two Recommendations and the two Standards set out in the 2015 IOSCO reports on business continuity plans for trading venues and market intermediaries.
Read the article
• Various

Modernising data protection, backup, and disaster recovery are top IT priorities
Zerto has published ‘The State of Data Protection and Disaster Recovery Readiness: 2021’, a survey based paper written by IDC and sponsored by Zerto.
Read the article
• World

Study finds strong interest in zero trust strategies for cyber security improvement
Enterprise Strategy Group (ESG) has released new research that found, despite the challenges posed by the pandemic, most organizations have either pressed forward as planned or accelerated their zero trust initiatives.
Read the article
• World

Report highlights how the pandemic has accelerated the need for unified endpoint security
BlackBerry has issued a new report with survey findings that recognise the security challenges organizations are currently facing and the global need for a better security solution to protect enterprises and their employees and clients.
Read the article
• World

9th Annual Event Impact Management Study finds increased executive involvement in incident management
BC Management’s 9th Annual Event Impact Management Study has been published. This year’s study was supported by Witt O’Brien’s LLC and assessed how organizations prepare for events and how those events impacted organizations during 2020.
Read the article
• World

BSI issues its annual Supply Chain Risk Insights 2021 Report
Regulatory changes, food fraud, and the ongoing effects of COVID-19 will be the primary causes of supply chain disruptions in the coming year, according to the latest Supply Chain Risk Insights 2021 Report.
Read the article
• World

New survey report considers how useful business continuity and disaster recovery plans were for initial pandemic response
Infinite Blue has published results from its ‘How Prepared Were You – A Business Continuity Retrospective’ survey. This asked respondents about their use of business continuity and disaster recovery plans during initial responses to the COVID-19 pandemic.
Read the article
• US / World

FM Global releases comprehensive global earthquake risk map
The ever-present risk of earthquakes, which on average causes nearly US$40 billion in direct economic loss every year, is why FM Global has released what it claims is the world’s most comprehensive global earthquake risk map.
Read the article
• World

CALL FOR PAPERS

Written a relevant article or white paper? We'd like to consider it for publication on Continuity Central. Simply e-mail editor@continuitycentral.com

PRIVACY NOTICE

You can read our privacy information at https://www.continuitycentral.com/index.php/privacy-and-cookies

You have subscribed to this newsletter. To unsubscribe visit:
http://www.continuitycentral.com/index.php/unsubscribe or e-mail webmaster@continuitycentral.com

Continuity Central is a registered trademark