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Resilience Digest June’24

Why

  • Alongside water, energy, food, finance, transport and waste disposal, hospitals are part of the critical infrastructure at local and national level. 
  • The recovery is estimated to take several weeks
  • Importance of healthcare infrastructure behind hospitals is crucial, which is demonstrated by a case in the USA (Octopharma), where 150 plasma donation centres had to be closed as a result of a cyber-attack.

What to Ask

  • Does my organization have an incident response plan specifically for ransomware attacks?
  • How often is this plan tested and updated?
  • How are we building organisational cyber resilience?
  • What are the current cybersecurity defenses in place to protect against ransomware attacks?

Why

  • Given the situation, these events can no longer be seen as random isolated incidents.
  • The focus should therefore be on what companies can do to counter such natural hazards.
  • Extreme weather situations ranging from record high temperatures, tornadoes, widespread flooding, record-high water levels.

What to Ask

    • What leadership role can my company take in promoting broader industry and governmental initiatives to improve resilience and preparedness?
    • Are there innovative solutions being adopted to enhance infrastructure resilience and emergency response efficiency?
    • What programs are in place to educate employees about environmental risks, prevention techniques, and emergency response procedures?​

    Why

      • Both direct investment and M&A are in sharp decline.
      • This concerns the strategic choice of business partners and the structure of the supply chain.
      • Possibility of supply chain disruption due to tighter controls and raids in harbours due to increased awareness of drug smuggling.

      What to Ask

        • What comprehensive risk management strategies are in place to address potential economic and geopolitical shifts affecting investments and operations?
        • How diversified is my company’s current supply chain? Are there over-dependency on single countries or regions that could pose risks?

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