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Texas winter storm (2021): An energy company in Texas maintained critical operations by using remote data centers and cloud services to ensure data availability despite local power outages. The rise of cyber threats, such as ransomware and data breaches, further emphasizes the need for robust data protection.
The Colonial Pipeline ransomware attack in 2021 forced the shutdown of a major U.S. Impact of Cyber Extortion on Businesses Cyber extortion can have far-reaching consequences that extend beyond immediate financial loss. Service outages ultimately frustrate customers, leading to churn and loss of trust.
” Containers Will Become Mainstream to Support the Cloud Explosion of 2021. “Businesses wrongly predicted that employees would return to the office, as normal, in 2021. The Resurgence of Tape as a Critical Component of Cyber-Resilient Infrastructure. ” Eric Bassier, Senior Director at Quantum.
Without adequate technology resilience , a worse-case scenario is that the business can fall behind competitors and lose market share from damaging its reputational or financial status. Defining CyberResilience. ” Cyber risk, cyberresilience, cybersecurity, and IT risk are terms that are often used interchangeably.
Mitigating supply chain risk After widespread coverage, the CrowdStrike outage from 19 July 2024 hardly needs an introduction. The outage was caused by a bad security update rolled out by CrowdStrike. Without question, this is one of the most expensive IT outages to date, with significant global impact. million Windows devices.
When a hurricane leads to widespread power outages, flooding, and workforce disruption, for example, an effective disaster recovery plan ensures that IT systems remain up and running and that operations can come back online as soon as possible. Consider investing in technology solutions that are designed with resiliency in mind.
When a regional storm makes travel difficult and causes short-term power outages, for example, an effective business continuity plan will have already laid out the potential impact, measures to mitigate associated problems, and a strategy for communicating with employees, vendors, customers, and other stakeholders.
What may be even more alarming is that in just the first three months of 2021, OCR already looked into 113 healthcare-related data breaches affecting 500 or more individuals. So, what does this mean for operational resilience? Cyberresilience and operational resilience are emerging hand-in-hand.
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