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With the help of UserEvidence, we recently surveyed more than 100 Zerto users to learn why they purchased their Zerto solution, whats their approach to cyber resilience, and what they are looking for in a cyber vault. Cyber Resilience Strategies Todays organizations know it is a matter of when, not if, they will experience a cyberattack.
How Insurance Companies Can Align with the NAIC 2024 Strategic Priorities using ERM Last Updated: March 7, 2024 What are the NAIC Strategic Priorities for 2024? The National Association of Insurance Commissioners (NAIC) is the U.S. standard-setting and regulatory support organization for the state-based insurance regulatory system.
Changes Continue in Cyber Insurance by Pure Storage Blog An ounce of prevention is worth a pound of cure certainly applies to physical health. Prevention begins with having a robust cybersecurity plan in place, along with sufficient insurance to manage risk. In 2010, cyber insurance premiums totaled a mere $600,000.
Operational resilience has become a defining priority for organizations in sectors like finance and insurance, especially in the UK and Europe. The concepts within operational resilience have merit even in pharmaceutical, healthcare, and manufacturing. What are impact tolerances in operational resilience?
This is because: The authorities or investigators may confiscate or quarantine equipment for forensic review Insurers may not let you use it Internal teams may need it So what do you need to have ready to get back online as soon as possible? Dont assume you can salvage even the uncompromised functions. A secure isolated recovery environment.
5 Key Takeaways from the EU’s Digital Operational Resilience Act (DORA) by Pure Storage Blog In our recent white paper, “ Strengthening Operational Resilience in Financial Services , ” we explore how operational resilience (OR) has emerged as one of the most important issues in the financial industry.
Also, cyber insurance premiums have risen dramatically as insurers face increasing claims, further straining budgets. This is a key part of becoming cyber resilient. Responding to a Cyber Extortion Attack When a business becomes a victim of cyber extortion, quick and effective action can significantly mitigate the damage.
Risk transference is one of the four main strategies organizations can use to mitigate risk. There are four main strategies for mitigating risk : · Risk acceptance: Making a conscious decision to remain vulnerable to a potential harm, usually based on a cost-benefit analysis. Insurance policies come wrapped in caveats and conditions.
As ransomware continues to spread and payment costs increase, cyber insurance rates have gone up exponentially. Armed with this data, companies can take steps to make it easier to access optimal cyber insurance coverage and better insurance pricing. One way to do this is through analytics.
Resilient Data Protection for Critical Infrastructure by Blog Home Summary Bad actors are targeting critical infrastructure in an attempt to disrupt services citizens rely on. As these threats increase and evolve, state and local governments need to evolve their cybersecurity strategies. Backups should be the last line of defense.
Navigating Climate Threats And Proactive Mechanisms To Achieve Business Climate Resilience. in the US alone), compounded by new and expanding ESG regulations, it is prudent that businesses increase focus on climate resilience now. Click below to read the study. download white paper. Click below to read the study. download white paper.
Resiliency Is Top Priority in 2023 White House Cybersecurity Strategy by Pure Storage Blog Last week, the White House released the updated National Cybersecurity Strategy for 2023—“A Path to Resilience.” As you review the key objectives and recommendations, ask yourself: Is my security architecture resilient?
Now is the time to understand their techniques leading up to an attack and develop effective mitigation strategies. Cyber insurance coverage could encourage more attacks. Attackers have even been known to research how much insurance a target company has and then ask their victim to pay that amount.
Cyber resilience is not just an option with the rise of cyber threatsits a necessity. Exploring security frameworks for cyber resilience Security frameworks are structured guidelines that help organizations maintain their security risks in a methodical way. Top security frameworks: NIST CSF 2.0, NISTs CSF 2.0
Now is the time to understand their techniques leading up to an attack and develop effective mitigation strategies. Cyber insurance coverage could encourage more attacks. Attackers have even been known to research how much insurance a target company has and then ask their victim to pay that amount.
Residual risk is the amount of risk that remains in an activity after mitigation controls are applied. Putting it in mathematical terms: (Inherent risk) – (the risk eliminated by your mitigation controls) = residual risk. Identifying and reducing residual risk is the most cost-effective way of making an organization more resilient.
The Australian Signals Directorate (ASD) has developed a set of prioritized mitigation strategies known as the Essential Eight to safeguard internet-connected information technology networks. These strategies, outlined by the ASD, form a comprehensive framework to mitigate cybersecurity incidents effectively.
From advancements in AI-powered risk mitigation to new paradigms in regulatory compliance, these predictions provide actionable perspectives to help organizations navigate the complexities of 2025. Cyber Liability insurance will increasingly require a privacy audit.
Now is the time to understand their techniques leading up to an attack and develop effective mitigation strategies. Cyber insurance coverage could encourage more attacks. Attackers have even been known to research how much insurance a target company has and then ask their victim to pay that amount.
There are even emerging regulatory requirements on the horizon such as the Digital Operational Resilience Act (DORA) that will extend regulatory reach to some technology and data service providers. Investing in Risk and Resiliency is the Right Thing to Do. Or, as so well articulated by the great British writer C.
In today’s post, we’ll look at how such a model can help an organization understand its risks, mitigate the risks that threaten its core services, and integrate business continuity with enterprise risk management, thus boosting resilience overall. Related on MHA Consulting: Who’s the Boss?
In today’s post, we’ll look at how such a model can help an organization understand its risks, mitigate the risks that threaten its core services, and integrate business continuity with enterprise risk management, thus boosting resilience overall. Related on MHA Consulting: Who’s the Boss?
An RMIS can help an organization identify, assess, monitor, and mitigate risks, but often they merely seduce and distract companies that are not in a position to make proper use of them. Typically available as a SaaS solution, RMIS software is designed to help companies manage and mitigate risk. Risk Mitigation.
This, at its heart, is cyber resilience—a critical, but often-overlooked component of resilience management. When we talk about cyber resilience, it’s all about being prepared for a cyber disruption with built-in planning for organizational flexibility and adaptability for response. “And Cyber Resilience Capabilities.
This concept has cascaded to new regulatory obligations such as operational resilience requirements in the UK which have provisions that require an appointment of a responsible individual in charge of the program who has ultimate accountability. In the United States, that cost spikes to $9.4
Identification: Identifies and responds to incidents reported through your organization’s Help Desk or detected using security and threat mitigation tools. Pure Storage® SafeMode TM snapshots are critical to mitigating and recovering from a ransomware attack. Other Contacts to Know. SafeMode snapshots are what I call “super immutable+.”
The multinational health insurance and services company has been knee-deep in this nightmare since its technology unit, Change Healthcare, was targeted by the BlackCat/ALPHV ransomware affiliate in late February. To be resilient, they need infrastructure that can help them spring back faster when cyber incidents inevitably happen.
To head off any issues with backup malfunctions, some enterprises are moving to more resilient snapshot-based architectures for recovery. There are many options out there today and it’s important to vet your choice, have it on retainer, and validate it with your insurance company. Your incident response firm doesn’t come through. .
System downtime leads to lost revenue, while emergency vendor replacements and increased insurance premiums create unexpected budget impact. Request a demo to learn how ZenGRC can help you automate vendor assessments and build a more resilient TPRM program. Ready to transform your third-party risk management?
When any of us own a large purchase or investment, we protect that investment with insurance. Our logic when choosing insurance is that the cost of the insurance is justifiable based on the potential loss we would incur should the worse case scenario happen. Be it a house, car, boat, our health and even our lives.
We will end the series with an overview of the risk prioritization and mitigation stages of the process. This ensures your risk management framework will prioritize mitigation strategies and best practices for enterprise risk management. Some risks will be within your organization’s risk appetite.
Today’s Energy Storage Systems and Microgrid Resiliency session covers what constitutes a smart grid and how it can help achieve electrical system resiliency in small-, medium-, and large-scale applications. In addition, a series of ESS educational sessions hosted at C&E are addressing ESS and lithium-ion batteries from various angles.
Healthcare Preparedness Ensuring Healthcare Resilience: The Critical Role of Business Continuity In the ever-evolving landscape of healthcare, disruptions can arise unexpectedly, posing significant challenges to patient care, operational continuity, and the overall stability of healthcare organizations.
How can organizations mitigate these risks and get the supply chain resiliency they need? Permanent, on-chain transactions can trigger the creation of a contract, whether it’s payment upon receipt of inventory at a warehouse or automatic insurance payouts for delayed shipments. So, what’s the solution?
This SLA coupled with our latest AIOps innovations is part of our broader strategy to deliver our customers a full, modern resiliency architecture —data storage and services that account for security from every angle. Prevention only goes so far, and backups aren’t always enough, or fast enough.
Risk can never be eliminated but it can be mitigated. In today’s post, we’ll take a look at how organizations can get started using Enterprise Risk Management (ERM) to reduce their exposure and improve their resilience. Risk can never be completely removed, but it can be mitigated. ERM is all about reducing.
With a focus on informed adaptability and agility, we must not only acknowledge the past but also embrace the future, forging a path forward that ensures the safety, resilience, and prosperity of all those under our duty of care. Infrastructure Resilience: Severe weather in 2023 led to heightened investments in infrastructure resilience.
Related on MHA Consulting: All About BIAs: A Guide to MHA Consulting’s Best BIA Resources The Importance of Testing and Exercises In case you missed it, MHA CEO Michael Herrera wrote an excellent blog last week called, “The Top 8 Risk Mitigation Controls, in Order.” Unfortunately, it’s a tool that most companies neglect.
Related on MHA Consulting: All About BIAs: A Guide to MHA Consulting’s Best BIA Resources The Importance of Testing and Exercises In case you missed it, MHA CEO Michael Herrera wrote an excellent blog last week called, “The Top 8 Risk Mitigation Controls, in Order.” Unfortunately, it’s a tool that most companies neglect.
In the private sector, insurance companies such as Allstate and State Farm leverage AI-powered object detection to streamline post-disaster claims processing and enhance the accuracy of damage assessments. These operational constraints must be addressed to fully realize this technologys potential.
Recovery Time Objective: A Key Component in Business Continuity Understanding Recovery Time Objectives: A Key Component in Business Continuity In the business world, change occurs rapidly, and maintaining operational resilience even during these changes is critical. To mitigate this, we perform a Financial Impact Analysis alongside the BIA.
They will learn if you have cybersecurity insurance, where from, and how much it’s for. Tip: Your architecture should be built with resiliency and durability in mind. Typically, before an attack happens or a breach occurs, a few things will transpire: Attackers will perform reconnaissance on their target. Attackers launch a campaign.
Organizations that implement a backup strategy with cyber resilience at the core can enable restores that are fast, predictable, reliable and cost-effective – at scale. Rapid recovery with no downtime and no data loss helps businesses of all sizes achieve true resilience and bounce back no matter what comes along.
First and foremost, those organisations who use business continuity as a ‘tick box exercise’, or as a requirement from their insurance company need to start truly embedding Business Continuity into business-as-usual activities as soon as possible. What can organisations do to attempt to protect themselves from such risks?
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