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:
- Gambian Central Bank says ‘don’t panic’ after data hack
November 18, 2022
The Gambia’s Central Bank says there’s no need to panic after a data hack. Sources allege the hackers managed to access the bank’s most sensitive files, but in a statement the Central Bank said no mission-critical systems were compromised, and that normal operations have continued unabated. It did however say one server was affected, which was promptly ...
- Electricity/Energy Cybersecurity: Trends & Survey Response
November 16, 2022
Trend Micro conducted a study on the state of industrial cybersecurity in the oil and gas, manufacturing, and electricity/energy industries in 2022. Based on the results of a survey of over 900 ICS business and security leaders in the United States, Germany, and Japan, we will discuss the characteristics of each industry, the motivations and ...
- Pro-Russian hackers claim cyber attack on FBI website
November 15, 2022
A group of pro-Russian hackers claimed to hack into the FBI website this week, the latest in a string of supposed attacks on U.S. government websites. The group Killnet took responsibility for infiltrating the website on its Telegram page Monday. It said the group was doing justice and guarding Russian cyberspace, writing “Glory to Russian and ...
- Largest EU copper producer Aurubis suffers cyberattack, IT outage
October 28, 2022
German copper producer Aurubis has announced that it suffered a cyberattack that forced it to shut down IT systems to prevent the attack’s spread. Aurubis is Europe’s largest copper producer and the second largest in the world, with 6,900 employees worldwide, and produces one million tonnes of copper cathodes yearly. In an announcement published on their website, ...
- Wholesale giant METRO hit by IT outage after cyberattack
October 21, 2022
International wholesale giant METRO is experiencing infrastructure outages and store payment issues following a recent cyberattack. The company’s IT team is currently investigating the incident with the help of external experts to discover the cause of this ongoing outage. IT outages have been affecting stores in Austria, Germany, and France since at least October 17, according to ...
- Cyber attack on Bulgarian government websites traced to Russia
October 16, 2022
The head of Bulgaria’s National Investigation Service, Borislav Sarafov, said on October 16 that the perpetrator of a cyber attack the previous day on several Bulgarian state, government and private websites had been identified, and the attack had come from a city in Russia. Sarafov told Bulgarian media that the name and address of the perpetrator ...