Managing resilience

The US Department of Homeland Security (DHS), the UK Department for Business and Trade, and Australia’s Department of Industry, Science, and Resources have partnered to establish the ’Supply Chain Resilience Cooperation Group’.

Enhanced Chartered IIA Code of Practice to tackle emerging risks, bolster business resilience, and support economic stability.

Apricorn has announced findings from its annual survey conducted among IT security decision makers into the state of data backup and the ability of organizations to recover in the event of a cyber attack.

The ability to adapt is central to organizational resilience. In this article Robert Hall explores this crucial area and how organizations can improve their adaptability and agility.

A UK survey by Censuswide has found that 72% of IT decision makers who are currently using the cloud describe a major cloud outage as ‘catastrophic’ for their business.

During a speech entitled ‘The art of bending without breaking – banking on operational resilience’ Frank Elderson, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, has set out the European Central Bank’s current view on operational resilience regulation.

Managing uncertainty is an essential aspect of organizational and business resilience and a new guide by the UK National Audit Office (NAO) provides a useful resource for this area.

The National Resilience Guidance ‘offers a unifying vision of resilience and the principles and steps all communities and organizations can take to increase their resilience in every sector and discipline’.

According to the latest Airmic Big Question poll, which looked at organizational ownership of AI risk, equal numbers of respondents said the CEO or the CISO is the primary owner. This points to some lack of clarity as to whether AI risk is a business or a technology governance area.

The Bank of England has published its 50th Financial Stability Paper, this time focussing on operational resilience.