Resilience Digest May’24
Are Your Employees Aware of the latest Cyber Attack Trends?
In News Now
German businesses under attack: losses of more than 220 billion euros per year.
Record breach of French government exposes up to 43 million people’s data.
Lessons learnt from the recent British Library cyber attacks.
Check your cyber security preparedness.
Why
- Despite awareness and training on the subject, the damage continues to rise.
- Reports have concluded that the greatest weak point is still the human factor.
- This underscores the pressing need for heightened vigilance not only among governments and critical infrastructure operators but also within companies.
What to Ask
- Am I prepared for the expert prediction of an increased risk cyber security in 2024?
- Am I equipped to deal and negotiate with the hackers?
- Am I aware of the vulnerabilities of my IT systems? (stress tests, white-hat penetration tests and more).
- Have I created cases for cyberattacks in my crisis management tool? (Responsibilities, processes and more).
EU Commission Publishes Guidelines on Wildfire Risk
In News Now
2024 Wildfire Season Could Surpass Record-Breaking 2023.
EU prepares for the 2024 wildfire season.
Guide on Wildfire Risk Awareness and Communication.
Why
- According to the EEA, the cost of the damages caused by Wildfires in the EU run into billions.
- Companies, local authorities and government agencies must work together to carry out risk assessments and develop appropriate emergency plans.
What to Ask
- Are my operations or that of a supplier potentially affected, possibly resulting in the non-fulfilment of contracts?
- Do our insurance policies cover the types of damage and losses we might incur from natural disasters?
- Do I have a crisis communication plan specifically tailored to address wildfires and other fire-related emergencies?
The New EU Supply Chain Law and What it Means for Your Company
In News Now
The European Commission adopts a New Supply Chain Act.
Sanction on Russian uranium until 2040 influences global nuclear supply chain.
A timeline of further sanctions against Russia in connection with the war in Ukraine.
Why
- one consequence of the law could be mandatory risk analyses for companies.
- Even if companies are unaffected from the sanctions, the legal compliance can be complicated for companies.
- The evolving threat landscape necessitates comprehensive defence strategies across all sectors.
What to Ask
- Do I have a GRC program in place to meet the requirements of the new supply chain act?
- How is this geopolitical developement going to affect my strategic planning?
- Do I have robust legal and compliance infrastructures to stay compliant to the new regulations?
Threats Around the Big Events this Summer
In News Now
ISIS-K and the challenges on the road to UEFA EURO 2024.
Security Increased for Champions League Games After ISIS Threats.
Take the event Resilience Test.
Why
- The threat situation surrounding the European Championship is increasingly taking on a multidimensional structure.
- A holistic security concept is essential for any company facing supply chain delays, cyberattacks, unrest, infrastructure disruptions, or terrorism.
What to Ask
- Do we have ongoing training programs for our staff to recognise and respond to security threats?
- How is our crisis management plan going to be tested?
- Is there an effective system to quickly inform employees of security threats and provide instructions?