InConsult

🎃 Halloween is once a year, but a crisis can occur anytime. If the Board and management can expect a crisis anytime, why do they still struggle to deal with it effectively. Here are 14 common failure points.
Read the full article here - https://inconsult.com.au/publication/anatomy-of-poor-crisis-management/

It has been labelled by tech experts as a ‘catastrophic breach’. The Optus cyber attack resulting in a data breach will go down as one of the largest and most significant data breaches in Australia with huge ramifications for all companies in the future.

Optus Data Breach Will Change Cyber Security Forever As the second largest telecommunications provider in Australia with around 10 million customers (individuals, companies and public sector organisations), it will come as no surprise that the Optus cyber attack resulting in a data breach will go down as one of the largest and most significant data br

According to research by the Institute of Internal Auditors - Australia the number 1 root cause of audit findings is ineffective internal review or lack of monitoring of internal controls.

Why? From our experience, the reasons range on a spectrum from a lack of understanding of the key controls to insufficient time and resources.

Internal controls around monitoring and review are 'detective controls' that are designed to help reduce risk and ensure objectives are achieved. Take them away and you become a gambler.

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Risk Radar from InConsult Australia's longest running, continuous risk management publication. Stay up to date with the latest in and more.

Dealing with obstacles and issues is something that the Board and C-suite need to do. We looked at some recent surveys to understand the obstacles getting in the way of actions to meet net zero their goals

Top Six Climate Risk Challenges & Obstacles APRA released Prudential Practice Guide CPG 229 Climate Change Financial Risks guidance in November 2021 to provide guidance to its regulated entities on managing climate-related risks and opportunities using a strategic and risk-based approach. Earlier this year, APRA conducted a survey of APRA-

Businesses that don't have a well articulated data breach incident response plan will risk a longer response time. In the midst of an incident, every minute matters.

Surprised?
All hackers really need is a few minutes or a few hours.
The rest of the time is how long it takes to discover it.

Be extra careful when opening emails.

https://www.cyber.gov.au/acsc/view-all-content/alerts/australian-organisations-encouraged-urgently-adopt-enhanced-cyber-security-posture

Business Continuity Awareness Week 2022 is a few months away, but it's never too early to start planning and scheduling some engaging activities across your organisation.

Business Continuity Awareness Week 2022 Here is our list of 8 things you can do during BCAW 2022 to help improve the level of engagement in resilience and business continuity management

The February 2022 issue of Risk Radar is out now. Read the latest global news, research and thought leadership.

Risk Radar from InConsult Australia's longest running, continuous risk management publication. Stay up to date with the latest in and more.