Building agility and resilience with digital risk management
In 2018, the Singapore Ministry of Defence (MINDEF) conducted the first-ever bug bounty by a Singapore government agency. It invited some 300 ethical hackers from around the world to penetrate the government agency’s internet facing system for vulnerabilities in return for rewards (or bounties). The bug bounty programme received a total of 97 vulnerability reports, of which 35 were assessed to be valid security vulnerabilities. The exercise gave MINDEF the opportunity to identify previously unknown gaps and patched the vulnerabilities effectively.
With the Internet of Things, collaborating with ethical hackers – or white hat hackers – has become a common practice among larger multinational organisations in testing the security posture of their systems and resilience against known vulnerabilities and application logic flaws….
Twin tornadoes whip through northern Europe, hospitalizing at least 14 people
At least 14 people were hospitalized after a tornado tore through southwestern Luxembourg Friday, damaging over 160 houses before progressing into eastern France.
Another tornado also struck the city center of Amsterdam, the Dutch capital, the same day, gathering debris and whipping across a river.
In Luxembourg, wind speeds reached 128 kilometers per hour (80 miles per hour), Agence France-Presse (AFP) reported. Two people sustained more serious injuries, the government said, and remained in hospital on Friday night…
Resilience in focus amid growing environmental risks to the built environment
Resilience. It’s not a term commonly associated with real estate, however, growing environmental stresses and their threat to the built environment are bringing it to the forefront of long-term real estate investment strategies. Resilience is defined as the ability to avoid, or bounce back quickly from, an adverse event.
In the realm of real estate, it pertains to buildings being able to sustain capital values and an uninterrupted flow of operating income after a natural disaster or catastrophic event.
Australia is one of the most ‘at-risk’ environments in the world due to our exposure to extreme weather events. Whether it’s bushfires, hailstorms, floods, cyclones or dust storms, Australian property owners are realising how important it is to ensure they prepare their assets and occupiers for these incidents….