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Risk management is at the heart of any effective disasterrecovery (DR) plan or playbook. No business is immune to disruptions, whether from natural disasters, cyberattacks, or technical failures. These approaches help tailor your disasterrecovery strategy to your specific needs.
Risk management is at the heart of any effective disasterrecovery (DR) plan or playbook. No business is immune to disruptions, whether from natural disasters, cyberattacks, or technical failures. These approaches help tailor your disasterrecovery strategy to your specific needs.
Issues like phishing and the Business Email Compromise (BEC) are top concerns, yet ransomware cannot be ignored as a destructive force. In a survey of 1,700 managed service providers (MSPs) that work with a combined 100,000 SMBs, Datto found that 99 percent of respondents agree ransomware attacks will probably pick up this year and next.
It seems as though the trend of ransomware attacks isn’t disappearing any time soon. The latest research from the National Crime Agency and National Cyber Security Centre found that the risk to businesses is “significant and growing,” due to the increasing instances of ransomware attacks. Cyber Ransoms (Still) On The Rise.
The changes impose more demanding requirements for larger entities, new obligations to report ransomware incidents and payments, and expanded oversight responsibilities for board and senior management. Requirements related to business continuity and disasterrecovery have also been included for the first time.
The news that hit Friday afternoon that malware and ransomware were racing across the globe at a breakneck pace, infecting computers at companies across verticals and causing havoc, brought cybersecurity to top of mind, yet again. . Talk about timely. And yet, even as technology advances, one size does not fit all, the duo agreed.
They also encouraged institutions to enhance their IT disasterrecovery drills by incorporating unscripted scenarios to better reflect real-world incidents. Addressing third-party and open-source software risks, the panel urged financial institutions to maintain comprehensive inventories of IT components and map external dependencies.
Phishing attacks, ransomware, and data breaches have become constant threats. Having robust contingency plans, backup systems, and disasterrecovery mechanisms ensures that, in the event of a failure, operations can continue with minimal impact. The final pillar is business continuity and incident response.
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