article thumbnail

Preparing Chemical Facilities for Hurricane Season

National Fire Protection Association

chemical plant fire in Texas in 2017, during which a hurricane disabled the facility’s refrigeration system and water flooded the equipment and caused the stored chemicals to burn. Overall, the interaction between hurricanes and chemical plants underscores the importance of comprehensive disaster preparedness and response plans.

article thumbnail

Cyberrisk Management Tips for Businesses Amid the Russia-Ukraine War

Risk Management Monitor

Spill-over to other businesses is more likely with cyber conflict, however, particularly given Russia is one of the most advanced and aggressive nation-state cyber threat actors —remember the crippling global attack known as NotPetya that upended supply chains in 2017 resulted from a Russian cyberattack on Ukraine.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Ransomware + Cryptocurrency = Costly for Your Business

NexusTek

The cryptocurrency craze has grown in the past few years, with prices jumping in 2017 and simply skyrocketing in 2020. Create and test an incident response plan. The response and remediation processes should be specially written for how to isolate the threat, contain the damage, and eradicate the breach.

article thumbnail

The evolution of cyber crime

SRM

One particularly ingenious type of phishing attack first appeared in 2017 but is still being used because it preys successfully on the unsuspecting and (potentially) vulnerable. And they can disappear almost as quickly as they appear, making it hard to identify or trace them.

article thumbnail

Dynamic Risks: Working Definitions and Implications for Risk Management Teams

On Solve

For example, security leaders will be familiar with ASIS, whose 2017 ORM Standard states “Organizations typically operate in inherently dynamic risk environments [ 1 ].” Response Framework Example A typical response framework may look like the one below. 1-2017 standard can be found here. TRM ISO 31030:2021.

article thumbnail

The Best Risk Management Courses on Udemy to Consider for 2021

Solutions Review

This course also includes two case studies of what happens when risk management fails, as demonstrated by the Amazon Web Services outage and Equifax data breach that both occurred in 2017. GO TO TRAINING. TITLE: Enterprise Risk Management.