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

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FEATURE ARTICLES

Reassessing corporate safety practices for the new normal
Terrorism created a new paradigm in workplace security and now the pandemic is resulting in another rethink of corporate safety practices to maintain business continuity, safe workspaces, and healthy employees. Terri Mock highlights three key areas that need assessing to help keep your corporate safety policies up to date.
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• World

Zero trust security: what it is and why adoption is increasing
Every step you take in your organization’s zero trust journey reduces your risk of downtime, data breaches and compliance failures, so the time to start implementing it is now, says Bryan Patton. Here he explores why so many organizations are moving to zero trust and how to take your first steps.
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• World

Supply chain resilience: we need to learn lessons from the past
Supply chain issues have been a recurring issue through the COVID-19 pandemic, one of the latest examples being the sudden Carbon Dioxide shortage that occurred in the UK recently. Organizations seem to have failed to learn resilience lessons from a similar issue in 2018 says Patrick Roberts.
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• UK / World

Tips for successfully deploying multi-cloud strategies
Making the decision to implement a multi-cloud strategy is difficult. From the decision to pursue a multi-cloud journey to defining the requirements to laying the foundation to identifying and deploying applications and services to the multi-cloud environment, the process requires a solid strategy and flawless execution to succeed, say experts at Taos.
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• World

Why now is the time to build climate resilience: and how to make a start
Developing climate resilience is now essential for organizations looking to ensure long-term continuity but it is not a simple task. Here Lou Gritzo explains how breaking down assessment and planning into three distinct areas - property, operations and people - can help.
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• World

As a board member do you really understand the risks faced by your organization - especially those related to enterprise IT systems?
In an article that aims to help board members ask appropriate questions within their organizations Nick Denning looks at how to analyse and categorise risks, with a particular focus on enterprise IT systems.
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• World

Protecting businesses from ransomware at the edge
Remote/branch office (ROBO) environments that operate at the edge of businesses are often more vulnerable to cyber attacks than other areas of the organization. In this article Richard Massey offers four tips to help organizations prevent and respond to ransomware attacks on ROBO environments.
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• World

Operational resilience is pivotal in weathering supply chain disruption
Operational resilience is not just for the financial sector says Jennifer Bisceglie – there are positive reasons for moving to operational resilience in all sectors, and helping to manage supply chain disruption is one key reason why organizations should consider making the change.
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• UK

Five tough questions you need to answer about ransomware
Ransomware is a top agenda item for executives and board of directors with organizations across the globe. Jim McGann presents five questions that every organization, whether a global enterprise or a micro-business, needs to have answers to with regards to this threat.
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• World

RESEARCH, REPORTS & PUBLICATIONS

C-Suite has greater willingness to invest in risk and resilience due to pandemic experiences
New research by Aon finds that the pandemic exposed new organizational vulnerabilities, driving C-Suite willingness to invest in preparation for other long-tail risks. This was one of the key results in a new survey-based report, ‘A New Approach to Volatility: The Importance of Making Better Decisions’.
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• Various

NIST launches new ‘Quick Start Guide’ for its Cybersecurity Framework
To assist organizations wanting to start using the NIST Cybersecurity Framework, NIST has published a new guide, NIST Special Publication (SP) 1271, Getting Started with the NIST Cybersecurity Framework: A Quick Start Guide.
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• US / World

How did cyber attacks develop in Q2 2021? A new report provides the answers
WatchGuard Technologies has released its latest quarterly Internet Security Report, detailing the top malware trends and network security threats analysed by WatchGuard Threat Lab researchers during Q2 2021.
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• World

New report explores risks associated with third party IT services
CyberVadis has released a new research report to analyse risks associated with third party IT services. It focuses on five key areas of cyber security: data privacy, access management, cloud security, incident detection and response (IDR) and business continuity.
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• World

The role of risk management in corporate resilience: new survey-based report
A new report published by the Federation of European Risk Management Associations (FERMA) and the global management consulting firm McKinsey looks at the role risk and insurance managers are playing in developing the resilience of their organizations.
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• Europe / World

Risks and global supply chains: what we know and what we need to know
A new Bank of England ‘Staff working paper’ by Richard Baldwin and Rebecca Freeman explores current global supply chain risks and how they could change and develop.
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• UK / World

Ransomware attacks reach ‘stratospheric’ levels finds new research
Ransomware attacks have reached ‘stratospheric’ levels, now accounting for 69 percent of all attacks involving malware. That is among the most disturbing finding in “Cybersecurity Threatscape: Q2 2021,” the latest report from security specialist Positive Technologies.
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• World

Business risks: five ‘what if?’ questions you need to ask to prepare for future shocks
More than 18 months into the COVID-19 crisis and still facing countless uncertainties, it is more important than ever that businesses widen their apertures beyond conventional wisdom, identify plausible and powerful contingencies, and plan and prepare for the unexpected.
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• World

Survey finds that risk management is seen as increasingly important by middle market companies
New data from Chubb and the National Center for the Middle Market (NCMM), housed at The Ohio State University Fisher College of Business, shows that middle market companies are finding risk management increasingly important.
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• World

The BCI publishes its Crisis Management Report 2021: shows trends and developments in this area
The BCI has published its first research report looking at attitudes to crisis management. The survey based report was sponsored by International SOS.
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• World

New COSO guide aims to help organizations align risk management with AI initiatives
Recognizing the accelerating need to identify and manage the risks of artificial intelligence effectively, the Committee of Sponsoring Organizations of the Treadway Commission (COSO), in collaboration with Deloitte, has issued guidance to help organizations align risk management with AI initiatives.
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• World

Aon Catastrophe Report looks at natural disaster events around the world in August
Ida expected to be among costliest hurricanes to impact US mainland; Record heat and drought conditions prompt extreme wildfire activity around the globe.
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• World

Backup processes in UK businesses examined
Research by Databarracks has revealed that 15 percent of UK organizations are still using a combination of disk and tape backups, with 51 percent now using online or cloud backups. The findings are from Databarracks’ 2021 Data Health Check.
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• UK

Four out of five organizations plan to begin zero trust rollout within one year
Ericom Software has published results from its inaugural Zero Trust Market Dynamics Survey. The survey was designed to assess the market’s perception of the zero trust security framework, explore organizations’ plans for adoption and implementation, and identify key issues that inhibit their moves to zero trust.
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• World

Critical infrastructure is increasingly at risk from operational technology, as vulnerabilities see 46 percent rise
Skybox Security has released its annual Mid-Year Vulnerability and Threat Trends Report, offering new threat intelligence research on the frequency and scope of global malicious activity.
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• World

Research shows that organizations are much more concerned about technology risks than other groups of risk
Specialist insurer Beazley’s new report ‘Spotlight on technology risk’ reveals that a range of technology risks top executives’ risk radars on both sides of the Atlantic.
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• US / UK

Deloitte survey shows widespread lack of preparation for ransomware attacks
While 64.8 percent of C-suite and other executives responding to a recent a recent Deloitte poll say that ransomware is a cyber threat posing major concern to their organizations over the next 12 months, only 33.3 percent say that their organizations have simulated ransomware attacks to prepare for such an incident.
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• World

New guidance document on commercial property flood resilience published
The Ox-Cam PFR Pathfinder Project has released a new guide to help businesses consider flood risks and appropriate resilience measures. ‘Flood Handbook for Your Business’ provides advice on both planning for and responding to flooding.
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• UK / World

76 percent of IT teams admit security took a backseat to business continuity during the pandemic
HP Inc. has published its HP Wolf Security Rebellions & Rejections report, a comprehensive global study highlighting the tension between IT teams and employees working from home (WFH) that security leaders must resolve in order to secure the future of work.
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• World

Unnecessary compliance burdens for employees are creating risks and failures
Compliance teams that don’t embed their controls into employee processes face a significantly higher rate of compliance failures, according to a survey by Garner, Inc. The survey of 755 employees in April 2021 found these failures linked to unnecessary compliance burdens for employees.
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• World

IOSCO issues guidance to help regulate the risks associated with AI and ML usage
The Board of the International Organization of Securities Commissions (IOSCO) has published guidance to help its members regulate and supervise the use of artificial intelligence (AI) and machine learning (ML) by market intermediaries and asset managers, following a consultation report published in June.
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• World

2021 Global DNS Threat Report reveals the extent and impacts of DNS attacks
During the COVID-19 pandemic, the financial sector has suffered the highest costs per DNS attack, compared to other industries. This was revealed in the 2021 Global DNS Threat Report, a study recently published by EfficientIP and the International Data Corporation (IDC).
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• World

Weather-related disasters have increased by a factor of five over the past 50 years
A disaster related to a weather, climate or water hazard occurred every day on average over the past 50 years – killing 115 people and causing US$ 202 million in losses daily, according to a comprehensive new report from the World Meteorological Organization (WMO).
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• World

Less than half of UK organizations have adapted cyber security processes to match changes in remote working
The majority of surveyed UK organizations are relying on employee education rather than wider strategy changes to meet the challenges of today’s remote work scenarios.
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• UK

New guide published to help organizations get started with operational resilience
Castellan Solutions has published 'Getting Started with Operational Resilience' – a new guide to help organizations that are commencing operational resilience programs or are considering doing so.
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• World

91 percent of industrial organizations are open to cyber attackers, researchers find
Positive Technologies has released new research that examines information security risks present in industrial companies, the second-most targeted sector by cybercriminals in 2020.
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• World

Survey finds that the majority of US companies are using a hybrid working model; but business continuity changes needed
A survey of 200 North American business leaders conducted on behalf of Sungard AS has found that 89 percent believe that the ideal work situation is a hybrid combination of remote and office work and 83 percent of companies plan to adopt this working model in the long-term.
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• US

Top risk management related compliance priorities explored in new survey
MetricStream has published key findings from its 2021 State of Compliance Survey Report. Compiled from organizations across various sectors, the survey was conducted to understand the state of compliance programs and the impact of the pandemic on compliance management.
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• World

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