Business continuity isn’t keeping pace with cyber threats, warns Sedgwick CISO


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:

  • North Carolina: Kannapolis didn’t alert public when cyberattack knocked out police dispatch

    July 19, 2023

    More than a year ago, a cyberattack knocked out the system used in Kannapolis to dispatch police and firefighters. You wouldn’t know that based on what the city told the public. Read more… Source: Yahoo! News  

  • Utility cyber threats on the rise, but experts say don’t forget basics

    July 12, 2023

    “There’s an increase in threat actors targeting critical infrastructure,” said Katell Thielemann, a Gartner research analyst focused on risk and security for cyber-physical systems. “And there’s an enhanced sensitivity that threat actors are probing infrastructure.” Since 2021, the U.S. Department of Energy’s annual summary of electric disturbance events shows an uptick in cyber activity. And cyber ...

  • Ventia takes systems offline to contain cyber attack

    July 10, 2023

    Ventia has taken an undisclosed number of “key systems” offline to contain a cyber security incident. The listed company, which provides long-term operation, maintenance, and management for critical public and private assets and infrastructure, disclosed the incident on Saturday. Read more… Source: IT  News  

  • Japan’s biggest port hit by suspected cyberattack, operations halted

    July 5, 2023

    The Port of Nagoya, Japan’s largest port by total cargo throughput and responsible for handling some of Toyota Motor Corp.’s car exports, has suffered a crippling system glitch, with the port operator saying Wednesday it suspects a cyberattack. As of noon, the port in central Japan remained unable to load and unload containers from trailers. Police ...

  • How cybercrime is impacting SMBs in 2023

    June 27, 2023

    According to the United Nations, small and medium-sized businesses (SMBs) constitute 90 percent of all companies and contribute 60 to 70 percent of all jobs in the world. They generate 50 percent of global gross domestic product and form the backbone of most countries’ economies. In the past, the perception was that large corporations were more ...

  • New York county still dealing with ransomware eight months after attack

    May 29, 2023

    The fallout from an eight-month-old cyber attack on a county in Long Island, New York has devolved into mud-slinging as leaders try to figure out just what is going on. Suffolk County was hit with a ransomware attack in early September 2022, which led county executive Steve Bellone to issue nine separate emergency declarations, Long ...