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:
- Oil and Gas Cybersecurity: Trends & Response to Survey
October 13, 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, they discuss the characteristics of each industry, the motivations and environmental ...
- Hospital giant’s IT still poorly a week after suspected ransomware infection
October 12, 2022
Computer systems are still down at CommonSpirit Health – America’s second-largest nonprofit hospital network – more than a week after it was hit by a somewhat mystery cyberattack. The US’s largest Catholic healthcare provider remains very tight-lipped about the root cause of this digital breakdown, and when it expects its systems to come back online. At ...
- Initial access broker repurposing techniques in targeted attacks against Ukraine
October 7, 2022
As the war in Ukraine continues, TAG is tracking an increasing number of financially motivated threat actors targeting Ukraine whose activities seem closely aligned with Russian government-backed attackers. This post provides details on five different campaigns conducted from April to August 2022 by a threat actor whose activities overlap with a group CERT-UA tracks as ...
- Nonprofit hospital network suffers IT meltdown after ‘security incident’
October 6, 2022
America’s second-largest nonprofit healthcare org is suffering a security “issue” that has diverted ambulances and shut down electronic records systems at hospitals around the country. CommonSpirit Health, a Chicago-based organization that has more than 1,000 facilities and 140 hospitals across 21 states, this week copped to an “IT security issue” affecting “some” of its locations. The ...
- Albania Claims New Cyberattack on Day the US Sanctions Iran for July Attack
September 9, 2022
Albania said it suffered another cyberattack on the day the U.S. announced sanctions against Iran’s Ministry of Intelligence and Security (MOIS) for an attack launched against Tirana’s government computer systems in July. “The national police’s computer systems were hit Friday by a cyberattack which, according to initial information, was committed by the same actors who in ...
- Holiday Inn-owner IHG hit by ‘unauthorised activity’ in tech systems
September 6, 2022
Holiday Inn owner IHG said on Tuesday that bookings on its websites and apps were facing disruptions after its technology systems were hit by “unauthorised activity”. IHG said it was assessing the nature, extent and impact of the incident and had implemented its response plans. The company, which has appointed external specialists to investigate the incident and ...
