Psychological resilience – РИСК-АКАДЕМИЯ – АНО ДПО ИСАР

Cyber resilience—A must in the ‘new normal’, IT News, ET CIO

riskacademy — Tue, 20 Oct 2020 03:42:39 +0000

By Rajesh Dhuddu

Today we are indeed going through very unpredictable and challenging times. All of us have had to re-adjust our personal and professional lives to a `new normal’ where meetings are no longer in the physical world, business strategies are discussed and executed over cloud, using digital and collaboration platforms.

In today’s fast paced world where our actions are powered by powerful and ubiquitous tech inventions, we are constantly in battle with the challenges of information security. Call it the perils of becoming a globalised economy, but the fact remains that cyber security is one of the major concern areas for businesses today.

With the increased usage of smartphones and other devices which helps us get connected virtually, humans now spend a big share of their time in the cyber-world. COVID-19 pandemic has only escalated transition to the digital world which has made us even more vulnerable to cyberattacks and threats. Cyber defences that are required in the COVID-19 world have leaped by 15 years in zero day, leaving enterprises and individuals highly exposed. Yes, cyber resilience is the need of the hour!

A Digital World – No Longer an Abstract…

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Integrated Operational Resilience and TPRM: A Key Theme for 2021 | Mitratech Holdings, Inc

riskacademy — Thu, 15 Oct 2020 18:18:02 +0000

Key issues in integrating Operational Resilience and TPRM

There are, however, a couple key issues that will need to be addressed to make such an integration succeed:

Concentration Risk

This is significant in a complex supply chain landscape. The chances of multiple suppliers in the same chain making use of the same utility provider, cloud service provider, transportation system, or even network of Directors is surprisingly high. A single incident could impact multiple parts of a business in numerous ways. Visibility will matter.

Proportionality

Large global corporate institutions will have very different needs of, and relationships with, service providers, compared to a single-site Credit Union, for example. This will drive very different solutions for both, but ideally, there will be standard definitions and measures to help the industry maintain its robustness.

To help address these, in the UK there is a market-lead initiative emerging that will help institutions both large and small. In due course, it should provide a common set of definitions, measures, and language that will help institutions and their service providers to align services, requirements, and…

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FM Global Resilience Index reveals the best countries for business in 2020

riskacademy — Wed, 27 May 2020 03:47:15 +0000

At a time when the world is been rocked by a pandemic and resilience has never been more critical, executives must be smart about where they do business.

That’s where the 2020 FM Global Resilience Index comes into play.

Published by one of the world’s largest commercial property insurers, the annual index is the only definitive global ranking of 130 countries and territories by the resilience of their business environments.

For a global business to survive and expand in this unpredictable landscape, it’s important for business leaders to identify threats and form a data-backed contingency plan for when disaster strikes.

These decisions determine whether a business will merely survive or thrive post-pandemic.

Countries are scored on a scale of 0–100, with 0 representing the lowest resilience and 100 being the highest resilience. Ranking are derived from 12 core drivers indicators across three categories:

Economic: productivity, political risk, oil intensity, and urbanisation rate

Risk quality: exposure to natural hazards, natural hazard risk quality, fire risk quality, and inherent cyber risk

Supply chain: control of corruption, quality of infrastructure,…

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