At the 2012 Continuity Insights Management Conference in Scottsdale, AZ, business continuity experts discuss ways to develop a balanced scorecard, the benefits of using a standards-based approach (ISO 31000) and a common pitfall: analysis paralysis.
The U.N. Office for Disaster Risk Reduction warned in the 246-page report that economic losses from floods, earthquakes and drought will continue to escalate unless businesses take action to reduce their exposure to disaster risks. U.N. Secretary-General Ban Ki-moon launched the report saying the review of disaster losses in 56 countries clearly demonstrates that "economic losses from disasters are out of control."
Being proactive embodies the intent to go beyond recovery to identify what information we need on a continuous basis, in order to identify opportunities for competitive advantage in an adverse situation. The target is an improved competitive position that can in fact increase revenues and develop long-term competitive superiority.
Investigators have yet to pinpoint the culprit behind a synchronized cyberattack in South Korea last week. But in Seoul, the focus is fixed on North Korea, which South Korean security experts say has been training a team of computer-savvy "cyber warriors" as cyberspace becomes a fertile battleground in the nations' rivalry.
In an embarrassing twist to a co-ordinated cyberattack on six major South Korean companies this week, investigators said they wrongly identified a Chinese Internet Protocol address as the source. "We were careless in our efforts to double-check and triple-check," KCC official Lee Seung-won told reporters.
nScaled, provider of online backup and disaster recovery service solutions, has announced that its enterprise-class recovery as a service (RaaS) solution now supports NetApp storage systems. The nScaled service puts comprehensive disaster recovery squarely in the hands of business professionals.
The rising tide of insider and advanced persistent threats, mounting regulatory pressure, and the impact of big security data on an organization’s operational efficiency have led many progressive organizations to adopt a “risk-based” approach to security.
Redstone Federal Credit Union’s Redstone Consulting Group & Fusion Risk Management Announce Strategic Alliance To Deliver Continuity Risk Management Services To Credit Unions & Community BanksNovember 5, 2012 10:39 am | News | Comments
Redstone Consulting Group and Fusion Risk Management will begin offering enterprise resilience management services and software centered on business continuity, crisis management and IT disaster recovery. Offerings will leverage proven capabilities implemented at Redstone Federal Credit Union.
Trillium's ITtransitions@ practice provides the skills, experience, and proven methodologies to mitigate risks and guide organizations through the pitfalls associated with technology transitions. Real-world experience includes a critical datacenter move with a major insurance company and a colocation move for the world's largest asset management firm.
In a verdict that sent shock waves through the scientific community, an Italian court convicted seven experts of manslaughter on Monday for failing to adequately warn residents of the risk before an earthquake struck central Italy in 2009, killing more than 300 people.
Tokyo Electric Power Co. said in a statement that it had known safety improvements were needed before last year's tsunami triggered three meltdowns, but it had feared the political, economic and legal consequences of implementing them.
In the leadup to Continuity Insights New York, October 29-30, 2012 at The Hotel Pennsylvania in New York City, David Nolan, CEO of Fusion Risk Management, discusses the concept of continuity risk management, game changing technology and Michael Andretti's measured risks.
Catalyst combines a simple user interface and on-screen guides with Avalution’s industry-leading methodology to make continuity planning easy and repeatable for every organization, regardless of size. New features include risk assesssment and corrective actions.
The Eurozone debt crisis and U.S. political uncertainty, combined with extreme and unexpected events, are continuing to create external risks that companies are grappling to overcome, according to a new PwC US Risk in Review paper.
In the leadup to Continuity Insights New York, Continuity Insights asks presenters about their chosen topics, critical business continuity skills, how prepared we can be, and which famous person would have made a good business continuity professional. This week Mike Errity, Director, IBM Business Continuity and Resiliency Services, discusses the need for strong leadership skills and reputational risks.
xMatters & Fusion Risk Management Announce Integration Of Risk Management & Crisis Response For The Enterprise & Supply ChainSeptember 6, 2012 9:58 am | News | Comments
Enterprise organizations can now manage their people records as "Teams" and "Rosters" within the context of contingency plans in the Fusion Framework System, and synchronize these with the xMatters notification system. While reducing costs and work effort, this capability speeds response times and removes the potential for errors and delays resulting from out of date or incorrect contact information.
The Agiliance ISO 22301 Content Pack provides the necessary framework to identify potential threats to an organization and the impacts to business operations they pose. It breaks down the processes into simple and effective steps, enabling organizations to not just create a business continuity strategy but also to manage, maintain, and continually improve the plan.
As a consultant, I have had the opportunity to work for some of the largest and most complex corporations in the world. Based on my observations over the years, both positive and negative, I would like to share some ideas that will help bring the two disciplines of BCM and ERM together to achieve real business value and improve loss avoidance.
Knight Capital Group said the problem was triggered when it installed new trading software, which resulted in the company sending numerous erroneous orders in 140 stocks listed in the New York Stock Exchange. Those orders were behind some sudden swings in stock price.
The World Congress on Disaster Management (WCDM) kicked off in Toronto yesterday with delegates from around the globe coming together to discuss emergency management and, to a lesser extent, business continuity. Continuity Insights caught up with Gayle Mitcham, Vice President, Risk Consulting -- Business Continuity Practice at Marsh Canada Limited, to discuss how BCM governance is layered on top of existing BCM programs.
A listing of Enterprise Risk Management educational sessions at the 2012 Continuity Insights Management Conference and links to download presentation slides.
NRC inspectors determined that a room housing fuel oil tanks serving the Brunswick nuclear plant's emergency diesel generators could have flooded in a hurricane.
For some time I have been interested in the whole notion of risk. Subsumed in the concept of risk is the idea that decisions, and the behaviors that result from those decisions, have positive and negative consequences. Virtually every decision we make is a hypothesis about the future, a bet; and we place thousands of internal wagers every single day, large and small.
ISO 22301 Business Continuity Standard On Track Despite ISO 22323 Compatibility Issues Raised At Beijing MeetingNovember 14, 2011 9:34 am | by Luke Simpson, Editor | News | Comments
Brian Zawada, member of the U.S. Technical Advisory Group to ISO Technical Committee 223, discusses the apparent compatibility issues between the proposed business continuity standard and ISO 22323, the proposed organizational resilience standard.
There are compelling signals that clearly indicate continuity risk management is now front and center, with traditional continuity programs falling in line as part of a bigger risk management agenda.
Avalution’s Consulting Services & Software Solution, The Planning Portal, Now Available Via GSA Schedule 70October 14, 2011 7:53 am | News | Comments
The Planning Portal is all about simplifying business continuity and COOP planning, so a GSA schedule is a natural fit because it provides a simple procurement process.