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:
- Fulfilling Security Requirements for the Transportation Sector
December 23, 2021
Protecting our critical infrastructure against the threat of ransomware remains a top priority for both the private sector and the federal government. In fact, a recent survey from Tripwire found that security professionals in both sectors still identify ransomware as a top security concern. More than half (53%) of respondents in that study said they ...
- After ransomware attack, global logistics firm Hellmann warns of scam calls and mail
December 20, 2021
German logistics giant Hellmann has warned its customers and partners to be on the lookout for fraudulent calls and mail after the company was hit with a ransomware attack two weeks ago. In an update about the cyberattack that initially forced them to remove all connections to their central data center, the company said business operations ...
- German logistics giant Hellmann reports cyberattack
December 10, 2021
Billion-dollar logistics firm Hellmann Worldwide Logistics reported a cyberattack this week that forced them to temporarily remove all connections to their central data center. The company said the shut down was having a “material impact” on their business operations. The German company operates in 173 countries, running logistics for a range of air and sea freights ...
- Irish Health Service ransomware attack happened after one staffer opened malware-ridden email
December 10, 2021
Ireland’s Health Service Executive (HSE) was almost paralysed by ransomware after a single user opened a malicious file attached to a phishing email, a consultancy’s damning report has revealed. Issued today, the report from PWC (formerly known as PriceWaterhouseCoopers) said that the hugely harmful Conti ransomware infection was caused because of the simplest attack vector known ...
- Israel leads 10-country simulation of major cyberattack on world markets
December 9, 2021
Israel led a 10-country, 10-day-long simulation of a major cyberattack on the world’s financial system by “sophisticated” players, with the goal of minimizing the damage to banks and financial markets, the Finance Ministry said on Thursday. The Finance Ministry led the scenario with help from the Foreign Ministry, and said the “war game” was the first ...
- Amazon cloud outage hits major websites, streaming apps
December 7, 2021
A major outage disrupted Amazon’s cloud services on Tuesday, temporarily knocking out streaming platforms Netflix and Disney+, Robinhood, a wide range of apps and Amazon.com Inc’s e-commerce website as consumers shopped ahead of Christmas. “Many services have already recovered, however we are working towards full recovery across services,” Amazon said on its status dashboard status.aws.amazon.com. Amazon’s Ring ...