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IT outages are a growing concern for financial entities, threatening both operational resilience and regulatory compliance. By addressing common challenges and adopting forward-thinking strategies, organizations can turn outages into stepping stones for achieving operational excellence.
These figures highlight the escalating financial risks associated with system outages, underscoring the importance of robust disaster recovery solutions like disaster recovery as a service (DRaaS) to mitigate potential losses. DRaaS helps mitigate this risk by ensuring data availability and regulatory compliance.
Mitigating this factor will yield dividends for any organization seeking to reduce Risk. Here’s why: Humans are the Cog in Risk Management and Due Diligence Risk Management by its very nature is non-deterministic and heuristic. Why are humans the prime point of failure? Machines do not have hubris.
Businesses can scale protection based on their evolving needs, keeping costs manageable. 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.
Many companies spend millions of dollars implementing risk mitigation controls but are kept from getting their money’s worth by a disconnected, piecemeal approach. Successful risk mitigation requires that a central authority supervise controls following a coherent strategy. Related on MHA Consulting: Global Turmoil Making You Ill?
Turning Setbacks into Strengths: How Spring Branch ISD Built Resilience with Pure Storage and Veeam by Pure Storage Blog Summary Spring Branch Independent School District in Houston experienced an unplanned outage. Theres nothing fun about dealing with an unplanned outage.
Extreme weather is making power outages more frequent, and work from home has not made the issue go away. government has concluded that climate change and extreme weather are raising the incidence of power outages. The post Powering On: How to Be Ready for a Power Outage appeared first on BCMMETRICS. Meanwhile, […].
From bloated IT budgets to unplanned downtime and inefficient incident management, these hidden costs can drain your revenue, eroding customer trust, and exposing your company to financial penalties. Whether its a website outage during a major sale or a factory shutdown due to a cyberattack, the costs of downtime go far beyond lost revenue.
AUSTIN, Texas AlertMedia , the fastest-growing emergency mass notification software provider in the world, has improved how organizations manage and communicate emergencies. Our customers needed a better way to manage the lifecycle of an emergency , said Brian Cruver , CEO of AlertMedia.
 AlertMedia , the fastest-growing emergency mass notification software  provider in the world, has improved how organizations manage and communicate emergencies. Our customers needed a better way to manage the lifecycle of an emergency ,â?? said Brian Cruver , CEO of AlertMedia. About AlertMedia.
Eradicating Change ManagementOutages with Pure Professional Services by Pure Storage Blog Executives who invest in Pure Storage technologies don’t do so just for the advanced features—they’re also looking for the assurance of uninterrupted operations. What Are Change ManagementOutages?
If we know that security incidents are a matter of when, not if, how should organisations approach risk management? Suppose youve identified a risk, and youve implemented a control to mitigate it. This then informs the amount of effort youd put into freeing people from the gaze of their manager and possible repercussions.
A critical process called Business Continuity Management (BCM), not many organizations sadly have these programs in place. However, due to current needs, many CEO’s and management teams are wishing they did and are now seeing the importance of implementing such systems.
Related on MHA Consulting: Know Your Gaps: Manage Residual Risk to Keep Your Company Safe Inherent Risk vs. Residual Risk There are two main kinds of risk when it comes to organizational activities and business continuity: inherent risk and residual risk. Inherent risk is what it is, but residual risk can be managed and reduced.
Incident Management Transformation Building on our recent launch, we’re excited to introduce additional updates that elevate your incident management capabilities , helping teams minimize disruptions, and strengthen customer trust. Phased rollout has begun for all incident management plans.
This caused a major outage in many sectors, including transportation, and CrowdStrike customers scrambled to roll back their systems or implement a workaround to restore systems to working order. Where Does the Responsibility Lie? In a perfect world, we would never allow these types of mistakes.
In 2024, we introduced capabilities that empowered operations teams to mitigate risks, protect customer trust, and improve business outcomes. From managing global outages to addressing complex digital operations, the PagerDuty Operations Cloud enabled organizations to respond faster, work smarter, and build operational resilience.
Cybersecurity Month’s Key Objectives in 2024 This year, Cybersecurity Awareness Month has identified some key behaviors to help individuals and organizations bolster resilience: Using strong passwords and a password manager. This simple yet often overlooked aspect of identity management is everyone’s responsibility. NIST CSF 2.0—
A critical process called Business Continuity Management (BCM), not many organizations sadly have these programs in place. However, due to current needs, many CEO’s and management teams are wishing they did and are now seeing the importance of implementing such systems.
The recent global outage has shown just how fragile IT systems can be. With mounting pressure to deliver seamless customer experiences, GenAI and automation present an opportunity to manage risk more effectively, by ensuring responders have the right information to restore services quickly.
Related on MHA Consulting: The ABCs of ERM: The Rise of Enterprise Risk Management The government recently announced the official end of the COVID pandemic. The wise organization develops strategies and plans to mitigate and prepare for all five types of risk. In one respect, COVID continues to distort people’s approach to risk.
This year we had three spine-tingling tales that covered everything from hardware failures and human errors to ominous outages, monstrous migrations, and a blindsiding bioterrorism attack! This helps customers mitigate data loss and downtime, as they can now detect an anomaly within seconds, then protect and recover within just a few minutes.
By functioning as a standardized blueprint, they outline the best practices to approach risk management and help businesses maintain resilience in the face of growing threats. CIS Controls: The Center for Internet Security (CIS) Controls are a prioritized set of actions designed to mitigate the most common cyberattacks. NISTs CSF 2.0
With the global surge in cybercrime—particularly ransomware attacks —and occasional outages of cloud services , enterprise risk management is just the latest initiative that needs attention. Managing more than 1.2 Managing more than 1.2 The ripple effects lasted 4400% longer than the outage itself.
Topic: Taking a risk-based approach to Contract Management. Managing these changes can be a full-time job, and it’s more important for businesses to rely on third party vendors to help them achieve their goals than ever before. Given the number of contracts they were in charge of managing at the time, they needed help.
This eliminates the complicated and time-consuming process of planning and executing multiple workload outages while data is moved and then cut over to the new array. The second benefit is the mitigated operational risk of an in-place stateless controller upgrade.
As a result, businesses were on an ever-revolving turntable of purchasing new arrays, installing them, migrating data, juggling weekend outages, and managing months-long implementations. For our early customers, it has meant a decade without the hassles of migrations, storage refreshes, weekend outages, or application outages.
There are many metrics that can be used to measure what could or would cause harm and unlike broader risk management strategies, which aim to prevent disruptions entirely, impact tolerances acknowledge that incidents are inevitable. According to IBM, the average cost of a data breach alone globally was $4.88 million in 2024.
While no one is immune to cybercrime, preparedness can significantly mitigate its impact on an organization. To improve cyber defenses, the adoption of an incident management system has become essential. Digital transformation enhances an organization’s ability to manage cyber threats while optimizing business operations.
The world has become increasingly reliant on access to data and digital services, and prolonged outages may cost your organization lost business, impaired productivity and irreparable reputation damage. Even the largest public clouds experience outages as seen in recent news events. Your Data is Your Responsibility.
Indeed, besides any business’ need to be able to cope with natural disasters or planned outages (maintenance, etc.), Cyber resilience describes an organization’s ability to mitigate, respond to and recover from cyber threats and attacks such as ransomware. Threat and vulnerability management. What Is Cyber Resilience?
Cloud providers have experienced outages due to configuration errors , distributed denial of service attacks (DDOS), and even catastrophic fires. Managing vendor relationships often falls to a procurement, finance, or legal team. So much of vendor management is about contracts, payment terms, and SLAs.
A clear definition of “Resolved” is critical for reliable metrics and effective incident management, but having the ability to filter and adjust the granularity of metrics such as MTTR is required to maintain its accuracy and usefulness. When an IT outage strikes, the primary concern is the rapid restoration of services.
These disruptions range from minor inconveniences to major outages and can have a significant impact on the availability and performance of your applications. They’re managed by the Kubernetes control plane. Deploying Zerto for Kubernetes helps prevent and mitigate these disruptions.
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. Some key recommendations to consider before and after any hurricane include: Preventative Measures.
To navigate these challenges, organizations must implement robust IT incident management strategies. This blog offers a comprehensive guide on best practices, communication readiness, and the critical role of technology in incident management.
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.
PagerDutys AI agents will include: Agentic Site Reliability Engineer: Will identify and classify operational issues, surfacing important context such as related or past issues and guiding responders with recommendations to accelerate resolution, thus mitigating business risk caused by operational disruption and enhancing the customer experience.
Data breaches wreaked havoc on businesses from data management to healthcare in 2024. Service outages ultimately frustrate customers, leading to churn and loss of trust. Responding to a Cyber Extortion Attack When a business becomes a victim of cyber extortion, quick and effective action can significantly mitigate the damage.
The recent global outage has shown just how fragile IT systems can be. With mounting pressure to deliver seamless customer experiences, GenAI and automation present an opportunity to manage risk more effectively, by ensuring responders have the right information to restore services quickly.
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. billion (about £4.2
This post is part of BCM Basics, a series of occasional, entry-level blogs on some of the key concepts in business continuity management. It focused on identifying the most critical business processes and developing plans to keep those processes going or quickly restore them in the event of an outage.
Related on MHA Consulting: How to Get Strong: Unlocking the Power of Vulnerability Management The Practice of Vulnerability Management Last week, MHA CEO Michael Herrera wrote a blog about vulnerability management , the practice of identifying and mitigating the weaknesses in an organization’s people, processes, and technology.
In today’s post we’ll look at the top 10 free or almost free resources business continuity management professionals can utilize to help them raise their BCM skills and effectiveness to ninja level. A great place to get an overview of the whole BC field, from Program Administration to Exercises to Risk Management and Mitigation.
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