Business continuity plans are lagging behind the speed and complexity of modern cyberattacks, according to Eric Schmitt (pictured), chief information security officer at Sedgwick. “In most cases, it is not,” Schmitt said, when asked whether current business continuity frameworks are adapting to today’s cyber threat environment.
He drew a sharp line between business continuity and disaster recovery, noting that many organizations blur the two. “Business continuity is business operations. Disaster recovery is the technical restoration – the nerd side, if you would,” he said.
Read more…
Source: Insurance Business News
Sign up for the Cyber Security Review Newsletter
The latest cyber security news and insights delivered right to your inbox
Related:
- UK: Housing register still down weeks after cyber attack
August 28, 2024
A council housing register remains suspended weeks after it fell victim to a cyber attack, leaving thousands of residents vulnerable to a phishing scam. Salford City Council’s housing register is still down after a “cyber breach” on 2 August which left 5,200 people without access. Salford Home Search users have said they have not been able ...
- Laybuy collapsed after unreported cyber attack
August 26, 2024
A Klarna rival collapsed into bankruptcy after millions of pounds was stolen in a cyber attack. The collapse of Laybuy, a buy now, pay later (BNPL) start-up, followed a previously unreported hacking between December and February that left the business on the brink. Laybuy, which had more than 750,000 customers and was headquartered in New Zealand, filed ...
- Microchip Technologies hit by cyberattack
August 21, 2024
Microchip said an ‘unauthorised party’ disrupted its systems and has impacted its ability to fulfill manufacturing orders. US chipmaker Microchip Technologies has been hit with a cyberattack, disrupting its systems and impacting its manufacturing capabilities. The company revealed the details in a filing with the Securities and Exchange Commission and said it detected “suspicious activity” on ...
- Wichita airport still without Wi-Fi months after cyber attack
August 19, 2024
It’s been more than three months since a cyber attack on Wichita took the city’s computer systems offline, and one city service is still not completely back to normal. Dwight D. Eisenhower National Airport was impacted by May’s attack. The airport’s Wi-Fi services went down, as well as its departure and arrival screens. While the screens ...
- CrowdStrike is sued by shareholders over huge software outage
August 1, 2024
CrowdStrike has been sued by shareholders who said the cybersecurity company defrauded them by concealing how its inadequate software testing could cause the July 19 global outage that crashed more than 8 million computers. In a proposed class action filed on Tuesday night in the Austin, Texas federal court, shareholders said they learned that CrowdStrike’s assurances ...
- Cyberattack closes Jefferson County Clerk’s Office, all motor vehicle branches
July 24, 2024
A cyber attack forced the Jefferson County Clerk’s Office to close its eight branches this week. The attack was first discovered at 2:24 a.m. Monday, said Ashley Tinius, a spokesperson for the office. The office has been working with a private cybersecurity firm and law enforcement to investigate the attack and repair its system, Tinius said. ...

