Cyber Resilience a Top Concern for Financial Firms
The majority of financial firms rank cyber-resilience as their top concern, with people, visibility and third-party risk key challenges, according to the Financial Conduct Authority (FCA).
The UK regulator’s latest report, Cyber and Technology Resilience: Themes from cross-sector survey 2017 – 2018, is based on interviews with nearly 300 firms over the past 24 months.
The number of technology outages reported to the FCA over the past year increased 138%, with cyber-attacks accounting for 18% of operational incidents.
The report revealed that nearly 80% of respondents have problems understanding what information they hold and gaining visibility into third parties. Third-party failures accounted for 15% of operational incidents…
11 Ways To Maintain Your Resilience While Travelling For Business
However tough it is to be at your best among your overseas colleagues or customers while jetlagged or homesick, always try to stay in the moment.
Enjoy the lounges at the airport, getting on the plane first, being in a completely different city two nights running.
Your business travel schedule might be completely mad but your job might change or your employer. This might be your only opportunity to travel in this style…
Putting the right disaster recovery process in place for your business
With businesses of all sizes being increasingly threatened by sophisticated cyber criminals, disaster recovery (DR) has taken on a growing importance on the list of business priorities over the last few years.
IT disasters are not limited to cyber-attacks, however. Hardware failures, human errors, power outages and natural disasters such as hurricanes or earthquakes also have the potential to disrupt business processes and put valuable data at risk.
This highlights the need for businesses to take steps to ensure that any downtime can be minimized and the good news is that businesses are responding. According to a recent study from Spiceworks, a massive 95 percent of organizations have a disaster recovery plan in place, with 90 percent including data integrity and backups in their DR plans….