Resilience Digest August’24

In News Now

All EU Member Countries Transpose NIS2 into National Law

Nationwide IT Disruption in the Netherlands Defence Ministry

Eindhoven Airport Outage; Emergency Services also Affected

Akira Ransomware extorted around $42 million globally by 2024

Oil Giant Halliburton Hit by Apparent Cyberattack Disrupting Systems

Why

• The transposition of the NIS2 directive into national law in all EU member states by October 2024 puts a real pressure on businesses and organisations to upgrade their cyber security measures.

• The complexity of the connections between networks of all kinds is constantly increasing, making it increasingly difficult to track the systems that influence each other. This applies both internally and externally.

• It is therefore essential to have as clear an idea as possible of how processes and systems are connected within your own company in order to react appropriately to disruptions and failures.

What to Ask

• Are your current cybersecurity measures sufficient to meet the enhanced requirements of NIS2? How do you plan to fulfil the new documentation and reporting requirements?

• How well prepared is your company for rapid communication and coordination in the event of IT failures? How transparent are your internal and external system connections in order to manage such incidents?

• Are you aware that after targeting Windows systems, Akira has now deployed a Linux variant targeting VMware ESXi virtual machines that are used widely across many large businesses and organizations. 

In News Now

Record Heavy
Rain Causes Disasters in Austria


Listen to Experts talk about first-hand Experience of Rescue Operations

Why

• In addition to property damage, these incidents can also disrupt supply chains, paralyze offices and warehouses and thus lead to significant production downtime and financial losses.

• Appropriate measures to maintain business continuity and suitable crisis management are therefore essential.

What to Ask

• How quickly and effectively can you react in such emergencies? Do you have alternative channels of communication in case the primary channels are down?

• Do you already have a crisis management plan that is designed for environmental disruptions? Is your crisis management team able to monitor and document plausible disasters in time?

In News Now

Enhancing Banks’ Resilience Against Cyber Threats – a Key Priority for the ECB

Drone Espionage over German Industrial Zones, Authorities Suspect Russia

EU is Imposing Punitive Tariffs on Chinese
Manufacturers of Electric Vehicles

Why

• System-threatening attacks on the banking system could lead to potential bank failures and extreme fluctuations on the financial markets and thus destabilize the global economy.

• Protecting infrastructures requires the use of advanced monitoring and defence technologies, including close collaboration with security authorities and technology providers.

• Customs disputes can lead to delays in the import or export of goods, which can affect the entire supply chain.

What to Ask

• Have you already implemented comprehensive crisis management processes against cyber attacks in banks?

• Have you adapted your crisis management strategies to the new threats posed by drone espionage? How quickly and effectively can you identify and respond to drone threats?

• How well prepared are you for the impact of customs disputes? Do you have a crisis management plan that takes such trade-related disruptions into account?