BCM Insurance Outage 
IT Governance BC
JULY 30, 2024
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. Then there’s insurance.
MHA Consulting
MARCH 23, 2023
FFIEC is, of course, one of many standards that organizations can adopt and seek to come into alignment with to strengthen their BCM programs. For this reason, it is often referred to as the Gold Standard of BCM standards. The Gold Standard FFIEC is the most aggressive standard in the U.S. marketplace.
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MHA Consulting
MARCH 2, 2023
An organization that can undergo an outage of five days at no great cost is justified in having a high risk tolerance. An organization that would suffer a large impact as the result of an outage of two hours should be willing to tolerate very little risk. Where risk tolerance is high, controls can be relaxed.
eBRP
JANUARY 14, 2025
To build an Adaptive, Resilient Enterprise , organizations must move beyond conventional Business Continuity Management (BCM) approaches. Traditional BCM is often limited to tactical response plans, perceived simply as insurance policies that rarely spark high-level executive engagement.
MHA Consulting
MARCH 21, 2024
A company called Change Healthcare, which is the largest electronic clearinghouse for medical insurance payments in the country, was struck by hackers who stole patient data and encrypted company files, demanding payment to unlock them. health care system in American history.” Data breaches generally do not affect day-to-day operations.
MHA Consulting
APRIL 20, 2023
Over time, we see risks go down, the number of outages decrease, and insurance and other costs decrease. BC departments that “speak risk” tend to get more of a hearing, more traction, and more resources. Second, using the risk maturity model pays. I’ve seen it here at MHA and over and over again at our clients.
MHA Consulting
APRIL 20, 2023
Over time, we see risks go down, the number of outages decrease, and insurance and other costs decrease. BC departments that “speak risk” tend to get more of a hearing, more traction, and more resources. Second, using the risk maturity model pays. I’ve seen it here at MHA and over and over again at our clients.
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