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Sextortion scams surged during the COVID-19 pandemic, with attackers sending emails claiming to have hacked webcams or email accounts, demanding Bitcoin to delete the alleged footage. Also, cyber insurance premiums have risen dramatically as insurers face increasing claims, further straining budgets.
It wasn’t just small business that took a major hit during the pandemic. Here are a few tips to keep in mind when developing your own business continuity plan: Have training documents prepared. Consider business interruption insurance. Develop a plan for data backup. And continue to test your emergency responseplan.
These are among the many topics dominating news stories, especially since the outbreak of the pandemic two years ago. At the top of the list is incident responseplans and testing. Your incident responseplans and playbooks—especially those you’ve tested and matured—are key to managing this chaos. Phishing schemes.
Traditional BCM is often limited to tactical responseplans, perceived simply as insurance policies that rarely spark high-level executive engagement. This means investing in cross-functional collaboration to identify risks, prioritize critical assets, and develop robust responseplans that minimize downtime.
Cyber insurance firm Coalition has put together a guide to basic cybersecurity measures to help organizations—policyholders and otherwise—proactively manage cyberrisk and reduce the likelihood of a cybersecurity incident. Organizations should be asking themselves, “What does the work day look like without access to the business’ systems?”
Organizations should invite third-party experts, such as law enforcement officers, data security consultants, insurers, and public relations professionals to observe and provide feedback during cyber exercises. “Exercise Smarter: Include 3rd Party Experts In Your Cyber Exercises.”
Organizations should invite third-party experts, such as law enforcement officers, data security consultants, insurers, and public relations professionals to observe and provide feedback during cyber exercises. “Exercise Smarter: Include 3rd Party Experts In Your Cyber Exercises.”
Put another way, risk refers to the fact that an organization’s ambitions may not work out as planned or that its objectives might go unmet. Risk can be affected by numerous external factors, including natural disasters, global pandemics, raw material prices, increased levels of competition, or changes to current government regulations.
That is why it is so important to test your plans and recovery and make the business a large part of that effort to ensure something small doesn’t become an issue.“ Companies need to adhere to the law, govern data accordingly and have a recovery plan in place. Second, test your recovery scenarios.
This week, Charlie discusses the importance of having updated responseplans in case of an emergency and looks at why organisations should keep in contact with staff during an incident. In light of the possibility of attacks in Europe, I think it is advisable to review and update our travel security plans and responses.
According to the 2021 Business Continuity Management Event Impact Report , there are the top five events that led to business continuity response and recovery plan initiation in 2020: Pandemic/disease: 79% Power outages: 49% Hurricanes: 38% Fire/wildfires: 35% Cyber-attacks: 29%.
The numbers tell a compelling story: According to the National Library of Medicine , patient adoption of telehealth services has surged nearly 35% since the COVID-19 pandemic. HIPAA Compliance Requirements The Health Insurance Portability and Accountability Act (HIPAA) forms the cornerstone of healthcare data protection in the United States.
Regardless of their nature, weather-related events that cause havoc in our communities, pandemics that can wipe us out, or cyber-related incidents that can potentially shut-down our technology, these events require us to be more resilient. Insurance companies assess risks to determine the insurance premiums they will charge.
Regardless of their nature, weather-related events that cause havoc in our communities, pandemics that can wipe us out, or cyber-related incidents that can potentially shut-down our technology, these events require us to be more resilient. An added benefit to a more resilient organization will be lower insurance rates.
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