It is the first day of Business Continuity Awareness Week (BCAW) 2019 and we would like to start the week by talking about supply chain disruptions. At the start of the month the Business Continuity Institute (BCI) published a review of their Supply Chain Resilience reports from 2010 through to 2018. Despite the BCI’s headline […]
A recent academic study by Daniele Bianchi and Onur Kemal Tosun analysed the market reaction to 41 deliberate (ie criminal) security breaches that occurred in large US firms between 2004 and 2016. The authors found that firms experiencing such a security breach experienced a loss in value of between 1 and 1.5% over a period
New Study Looks at the Cost of Security Breaches Read More »
As usual at this time of year, we like to take a look at the figures for product recalls in the UK over the last 12 months. Last year we reported a quiet year, but this year there seem to be two very different stories in the food and electrical goods sectors, as shown in
It’s that time of year again: bonfire night and the BCI Supply Chain Resilience Report! The survey has now been going for ten years, and the 2018 report very much confirms the patterns seen in previous years: 56% of respondent organisations experienced one or more supply chain disruptions in the last 12 months (down slightly from
BCI Supply Chain Resilience Report 2018 Released Read More »
Regular readers may remember that back in November 2016 we blogged about a cyber attack on Tesco Bank in which money was taken from 20 000 customers and all on-line banking was suspended. At the time, Tesco Bank were seen to have managed some aspects of the incident very well: the fraud was detected promptly
Tesco Bank Fined £16.4 Million for 2016 Cyber Attack Read More »
The International Standards Organisation (ISO) has recently released its latest annual survey, covering the period up to 31st December 2017. Whilst there has been continued rapid growth in a number of standards; the increase in certifications to the business continuity management standard, ISO 22301, has been a relatively modest 11%. This brings the total number
Modest Increase in Number of ISO 22301 Certifications in 2017 Read More »
Millions of users of on-line banking services have been hit this week by disruptions at three different banks. Cashplus was the first bank to experience difficulties, the impact on customers was particularly severe as it is an on-line bank so people were unable to access their accounts, make cash withdrawals, or make or receive payments. Then,
Disruption to On-Line Banking at Cashplus, Barclays and RBS Read More »
Building on her previous studies over the last twenty years, Deborah Pretty of Pentland Analytics has recently published new research looking at “Reputational Risk in the Cyber Age”. The study analyses a sample of 125 reputational risk events over the last ten years including: The Samsung Galaxy Note7 recall; The Volkswagen emissions scandal; and Cyber-attacks
New Research Looks at the Cost of Reputational Crises Read More »
The Information Commissioner’s Office (ICO) published its report for the year 2017/18 last month, containing a useful update on the prevalence of information security issues. Firstly, the ICO reported that the number of data protection concerns raised had risen to 21019 (up 15% from last year). In a similar pattern to last year, 32% of
ICO Reports Increase in Data Protection Concerns and Self-Reported Breaches Read More »
