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Why Crisis Management Planning Should Be On Your To-Do List

Bernstein Crisis Management

Legal and Compliance: For many industries, having a crisis management plan can be a legal or insurance-mandated necessity. Key Components of an Effective Plan Risk Assessment: Identifying and evaluating potential crisis scenarios. Communication Strategy: Ensuring clear, timely communication internally and externally.

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What Is Cyber Extortion? Tips for Securing Your Data

Pure Storage

Also, cyber insurance premiums have risen dramatically as insurers face increasing claims, further straining budgets. If using vendors or contractors, evaluate their cybersecurity practices to ensure they dont introduce vulnerabilities. Log details of the attack, including ransom demands and malicious communications.

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Ransomware Attacks Leave Businesses Around the World Reeling

LAN Infotech

Insurance carrier. On the other hand, the insurance carrier will determine whether the safety of the coverage is applicable under the existing cyber insurance policy. Involving your insurer from the beginning is critical because the insurance company is the one that will approve the offer to pay ransom to the hacker.

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Hurricane Risk Management: Key Considerations Before and After Storms Strike

Risk Management Monitor

The storm marks another overactive hurricane season officially underway in the United States, prompting business leaders and property owners to ensure they are adequately prepared from an insurance and risk management perspective. Before doing so, reach out to your insurance broker who can help guide you through this process.

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Impact tolerance in operational resilience: A guide for businesses  

everbridge

Operational resilience has become a defining priority for organizations in sectors like finance and insurance, especially in the UK and Europe. Identify critical dependencies Identify dependencies on information and communication technology, functions/processes, supply chain and critical third parties.

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Do Cyber Risks Lurk in Your Business Ecosystem?

NexusTek

Managing Cyber Risk in Your Business Ecosystem To effectively manage cyber risk in our digital world, you need to evaluate not only your own cybersecurity posture but third parties’ as well. Unfortunately, 51% of businesses report that they do not evaluate third-party cyber risk 2.

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How Can Blockchain Improve Supply Chains?

Pure Storage

For businesses evaluating vendors, supply chain integrity is listed as non-negotiable.¹ A supply chain is the life cycle of a product, with numerous steps occurring along the way that create data to be recorded, verified, communicated, and protected, including: The delivery of raw materials for manufacturing or production.

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