Symantec Corp and the Ponemon Institute recently released the 2013 Cost of Data Breach Study: Global Analysis which reveals human errors and system problems caused two-thirds of global data breaches and three-fourths of data breaches in India in 2012, pushing the global average to INR 7,360 per record. Issues included employee mishandling of confidential data, lack of system controls, and violations of industry and government regulations. Heavily regulated fields including healthcare, finance and pharmaceutical incurred breach costs 70 percent higher than other industries.
Following the global pattern, the cost per record for Indian organizations increased over the previous year, with Indian organizations incurring INR 2,271 per compromised record in 2012. However, organizations that appointed a chief information security officer (CISO) with enterprise-wide responsibilities, comprehensive incident response plans, and stronger overall security programs, experienced reduced costs globally and in India.
With the Philippine economy losing hundreds of billions of pesos every year because of disasters, the business sector should play a more “visible” role in disaster risk-reduction (DRR) efforts, the chairman of the Senate Committee on Climate Change said.
Sen. Loren Legarda made the statement in a privileged speech at the closing session of the 15th Congress before the weekend.
She shared some important findings of the 2013 Global Assessment Report on Disaster Risk Reduction of the United Nations International Strategy for Disaster Reduction (UNISDR).
With today’s high customer expectations for service and the need for organizations to secure business continuity, businesses must develop a collaborative approach to supply chain management. Your business must be able to orchestrate suppliers, assemblers, and distributors, creating a singular view of goods and services among all entities that touch the supply chain.
From Insularity to Integration
Until recently, companies were driven to closing off and protecting their supply chains. Now the drive is for collaboration. Indeed, in a recently supply chain trend analysis, Gartner has focused on “co-opetition,” in which partnering with potential competitors can be a transformational differentiator.
CIO — When Carly Simon sang the words "…they were clouds in my coffee" in her 1972 megahit, "You're So Vain," the notion of industrialized cloud-based computing was several decades in the future. Steve Jobs, speaking at Apple's Worldwide Developers Conference in 1997, alluded to the fact that the concept had actually germinated some 10 years earlier.
But Jobs' vision was prescient relative to what we now think of as cloud computing. He was arguably the first to see the huge promise and seismic shift brought on by the advent of device-independent data accessible from anywhere, at any time, on any type of technology, be it an iPhone, iPad, PC or other smart device. This is common today for personal effects such as music, video and financial services—but only recently has this capability begun making its way into the fundamentals of supply chain management.
Technology can be a wonderful thing, can’t it? It wasn’t too long ago that having any kind of off-site disaster recovery solution in your company meant that you were a member of the Fortune 500. Well that’s not true any longer. In fact, this technology is so affordable now that virtually any size company can implement one of several possible disaster recovery solutions and protect themselves from catastrophe. So why is that? Three key things… the widespread acceptance of server virtualization, the availability of inexpensive high-speed internet connectivity, and new low-cost disaster recovery software solutions tailored to the virtual world.
Let’s take a look into the past and review where we have come from. There have been three phases in the evolution of this function:
Hurricane season is upon us, and forecasters have predicted an above-normal number of storms this year.
Already one named tropical storm roared through Virginia on Friday.
And as many as 20 named storms and six hurricanes of Category 3 severity or higher are expected during this hurricane season, which runs from June 1 to Nov. 30, according to forecasts by the National Oceanic and Atmospheric Administration.
Self-preservation is the primary law of nature… and may I add – business. Business continuity plans are an essential part of business, it is the ‘self-preservation’ aspect.
To create a business continuity plan, we have to identify internal and external threats to both hard and soft assets of the company – but who can really prepare for an earthquake, violent storms, tsunamis or tornadoes? Who can be ready when such calamities strike? These may not have been immediate concerns before, but we’ve seen Mother Nature strike one too many times to ignore a contingency plan.
"The cloud has fundamentally changed business continuity," says Rich Cocchiara, distinguished engineer and CTO for Business Continuity & Resilience Services at IBM. "Capabilities previously only available to larger companies, such as remote failover, are now within reach of many small and medium size businesses."
How do you handle understanding the enterprise risks in a corporation where all of the risk management functions are dispersed in differential line management — General Counsel, Finance, Technology, Facilities? How do you define the participating functions? Yes, the ideal situation is having these groups housed under a Chief Risk Officer or Head of Operational Risk, but in the absence of organization structural shifts, here are some tips for you.
Be a Leader in bilateral conversations of risk partners
The most successful global security teams that I have been a part of were always leaders in collaboration and outreach to risk partners to pave the way for information sharing. Yes, there was the risk of the information flow being one way, and this is usually the case at the beginning, but as the interaction continues over time, the information flow gradually becomes two ways. For example, you may start with a monthly global meeting with Facilities, Business Continuity and quarterly meeting with Information Security and Compliance.
WASHINGTON – The Federal Emergency Management Agency (FEMA), through its regional offices in Atlanta, Philadelphia, New York, and Boston, continues to closely monitor Tropical Storm Andrea and the potential for flooding in coastal and inland areas along the path of the storm.
As Tropical Storm Andrea continues to churn over the East Coast, FEMA urges citizens to closely monitor the storm and take steps to be as prepared as possible, in advance of severe weather, and most importantly follow the directions of state, local and tribal officials. This storm is projected to bring significant rainfall and the risk for flash flooding in many areas. If you encounter flood waters, remember – turn around, don’t drown.
FEMA remains in close contact with emergency managers in affected and potentially affected areas along the East Coast to ensure they have the resources they need for Andrea and for the 2013 hurricane season. FEMA’s National Watch Center in Washington, D.C. remains at an enhanced watch. An incident management assistance team (IMAT) and liaison are en route to the Virginia emergency operations center to assist in coordination efforts, and at the request of the state of Florida the IMAT and liaison deployed earlier in the week to Florida to support coordination are standing down.
“As the storm continues northeastward along the East Coast, we urge those in potentially affected areas to continue to monitor storm conditions and follow the instructions of state, tribal and local officials,” said FEMA Administrator Craig Fugate. “Stay away from flood waters; never drive through flooded roadways.”
Driving through a flooded area can be extremely hazardous and almost half of all flash flood deaths happen in vehicles. When in your car, look out for flooding in low lying areas, at bridges, and at highway dips. The depth of water is not always obvious. As little as six inches of water may cause you to lose control of your vehicle. Road beds may be washed out under flood waters. Never cross any barriers that are put in place by local emergency officials.
According to the National Oceanic and Atmospheric Administration's National Weather Service, as of 11 a.m., Tropical Storm Andrea is located 50 miles southwest of Fayetteville, North Carolina with maximum sustained winds of 45 mph. The center of Andrea made landfall on the coast of the Big Bend area last evening, and will continue to move along the East Coast through Saturday. As much as 6 inches of rain will be expected in some areas.
Tropical storm warnings remain in effect from north of the South Santee River, South Carolina to Cape Charles Light, Virginia, including Pamlico and Albemarle Sounds, North Carolina, and for the lower Chesapeake Bay south of New Point Comfort, Virginia. A tropical storm warning means that tropical storm conditions are expected somewhere within the warning area within 36 hours. Tornados are possible over eastern portions of North Carolina and Virginia today.
Although there have been no requests for federal Stafford Act assistance, FEMA continues to stand ready to assist states and tribes, as needed and requested.
As the first named storm of the 2013 Atlantic Hurricane Season, Tropical Storm Andrea should serve as another reminder that if you live in a flood-prone or coastal state, now is the time to be prepared, including determining if you live in an evacuation zone.
Wireless Emergency Alerts (WEAs) are now being sent directly to many cell phones on participating wireless carriers' networks. WEAs sent by public safety officials such as the National Weather Service are designed to get your attention and to provide brief, critical instructions to warn about imminent threats like severe weather. Take the alert seriously and follow instructions. Tune to local media for emergency details in your town. More information is available on WEA at www.fema.gov/wireless-emergency-alerts.
As always, residents should listen to the instructions of state, tribal and local officials, and evacuate if told to do so. For more information on tropical storms and severe weather, and what you can do to protect yourself and your family, visit www.Ready.gov.
Information can also be found on your smartphone at m.fema.gov.