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Volume 27, Issue 3

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Jon Seals

Oceanic and atmospheric conditions in the Atlantic basin are expected to produce more and stronger hurricanes during the 2013 Atlantic hurricane season which starts this Saturday June 1 and lasts until November 30, according to the National Oceanic and Atmospheric Administration (NOAA).

In its 2013 Atlantic hurricane season outlook, NOAA’s Climate Prediction Center is forecasting an active or extremely active season this year.

This means there is a 70 percent chance of 13 to 20 named storms (winds of 39 mph or higher), of which 7 to 11 could become hurricanes (winds of 74 mph or higher), including three to six major hurricanes (Category 3, 4 or 5; winds of 111 mph or higher).

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http://www.iii.org/insuranceindustryblog/?p=3266

NOAA has issued its forecasts for the 2013 hurricane season. It is predicting an active or extremely active Atlantic season, with a below-normal season being predicted in other areas. Forecast summaries are below:

Atlantic hurricane season

For the six-month hurricane season, which begins June 1, NOAA’s Atlantic Hurricane Season Outlook says there is a 70 percent likelihood of 13 to 20 named storms (winds of 39 mph or higher), of which 7 to 11 could become hurricanes (winds of 74 mph or higher), including 3 to 6 major hurricanes (Category 3, 4 or 5; winds of 111 mph or higher).

These ranges are well above the seasonal average of 12 named storms, 6 hurricanes and 3 major hurricanes.

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http://www.continuitycentral.com/news06782.html

Just over one in every ten dollars spent on dealing with disasters is spent on preparing for and preventing them according to new research from the Overseas Development Institute (ODI) and the Global Facility for Disaster Reduction and Recovery.

Over the past 10 years, disasters and disaster risk has attracted much attention, with the international community experiencing some of the largest impacts ever seen (Haiti Earthquake 2010, Asian-Indian Tsunami of 2004, Cyclone Nargis in 2008). However, global commitment to supporting developing countries in managing their disaster risk has barely increased.

Despite increased rhetoric about disaster risk over recent years, financing for disaster prevention and preparedness remains low.

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http://www.continuitycentral.com/news06784.html

This week, we’re kicking off National Hurricane Preparedness Week! Once again, we’ve teamed up with our partners at the National Oceanic and Atmospheric Administration (NOAA) to encourage all Americans to prepare for the upcoming hurricane season, which officially starts this Saturday, June 1 and lasts until November 30. Above all, hurricanes are powerful forces of nature that not only cause damage to coastlines, but also hundreds of miles inland as well because of flooding.

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http://blog.fema.gov/2013/05/take-action-pledge-this-national.html

CIO — The phrase "all roads lead to Rome" describes the importance of a city at the heart of an empire. When it comes to modern litigation, all roads lead to the CIO's desk, because information is the lifeblood of litigation.

Just as CIOs should have contingency plans for a network crash, they need a litigation-readiness plan for responding to legal requests for electronically stored information, a process called ediscovery.

Timeliness is critical. Responding inefficiently after notice of a triggering event often results in the loss of data, which can lead to legal sanctions against the company and avoidable costs.

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http://www.cio.com/article/733720/CIOs_Should_Be_Prepared_for_Litigation_Disasters

With 24x7 connectivity and business demanding constant availability of data wherever and whenever needed, today the banking sector faces new challenges, even as customers have come to expect that their information and money are accessible at the click of a button. Going forward, these demands for instant access are only going to intensify. Meeting these ever-growing requirements can become impossible in the event of a disaster, unless a well-considered disaster recovery (DR) plan, based on flexible and highly-responsive infrastructure, is put in place.

The primary objective of a disaster recovery plan for a bank is to recover from disruptions and to return to a normal operating state as quickly as possible. A sound DR plan will minimize the length of disruption and its impact on business operations. In most organizations, all data is not created equal. So the prioritization and restoration of data and service availability are key components to a successful DR plan.

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http://www.informationweek.in/bfsi/13-05-20/building_an_effective_disaster_recovery_strategy.aspx

As we pick up the pieces after the Moore, Oklahoma, tornado -- and honor the deceased -- we're getting figures now that this tornado, while not the most powerful recorded, may possibly be the most expensive in U.S. history. We at Architecture for Humanity, like many, pause and wonder at how much damage could have been prevented -- a consideration that is becoming more relevant to more cities as our climate continues to change.

There's nothing we can do to stop tornadoes, hurricanes and earthquakes from happening. They are natural events. What makes them natural "disasters" is the effect they have on our homes, lives and communities. That's something we can affect -- and work is already underway.

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http://www.huffingtonpost.com/karl-johnson/avoiding-the-next-disaster_b_3333646.html

"The rapidly changing healthcare landscape demands a disciplined approach to risk assessment," said Matt Weekley, leader of the national healthcare industry practice at Plante Moran, during a May 23 webinar hosted by the accounting and consulting firm.

During the webinar, panelists Mr. Weekley and Plante Moran Partner Anthony V. Colarossi, along with moderator and Plante Moran Partner Betsy Rust, explained that hospitals need quantitative risk assessment to prepare for coming changes in the industry, such as the move to value-based purchasing and the impending insurance exchanges.

The panelists agreed that having a risk assessment plan in place aids in the development of a strategic plan, is effective in creating mitigation or contingency plans, encourages outside-of-the-box thinking and, most importantly, turns risk management into a proactive rather than reactive activity.

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http://www.beckershospitalreview.com/hospital-physician-relationships/a-step-by-step-guide-to-quantifying-and-mitigating-operational-risk.html

When companies perform qualitative risk assessments, they often fail to consider the potential disruption from a sophisticated cyberattack. The frequency and complexity of cyberattacks is increasing, and hackers are more able to breach a company's security detection system, according to a recent study from Frost & Sullivan. Next-generation intrusion prevention systems (NGIPS) are becoming more widely adopted to mitigate the risk of a cyberattack.

Organizations have experienced a rise in long-term, targeted advanced persistent threats, which indicates hackers are better organized and more skilled. Many enterprises continue to install intrusion prevention systems to detect traditional malware, but some are upgrading protection measures as the threats to data security increase. However, the high cost of software upgrades can deter some businesses from investing in new systems.

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http://www.strategicsourceror.com/2013/05/cyberattacks-should-be-accounted-for-in.html

The CISO's today need to manage risks instead of locking down things, said Bharti Airtel's Senior Vice President and Chief Information Security Officer, Felix Mohan, while delivering a keynote at the recently held India Computer Security Officer at Kovalum, Kerala.

During the keynote Felix highlighted that CISOs need to evolve from the traditional role that they had been entrusted till date, because today the Nexus of Forces is pushing the CISOs to step up as business enablers who are accountable to the company’s profitability. Elaborating on this he said, “For the enterprises to obtain competitive advantage from these disruptive forces, the businesses today needs that their CISOs upgrade their mental attitude from locking down thing to managing risks. Business wants the CISOs to say yes to the Nexus of forces and facilitate the adoption of these by solving the security puzzle, so that the business can benefit from it.”

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http://www.lightreading.in/lightreadingindia/news-analysis/156511/cisos-evolve-business-enablers-airtel#.UZ9t19jEnwk