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‘KYC’ compliance costing banks €50 million per annum as financial sanctions soar

A typical European bank serving ten million customers could save up to €10 million annually and avoid growing fines by the regulator by implementing technology to improve the ‘Know Your Customer’ (KYC) processes. That’s according to new research from Mitek and Consult...
Posted On 03 Sep 2019
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Businesses “on top of IT downtime costs” suggests Databarracks research

New research from Databarracks has revealed that organisations are becoming better at understanding what IT downtime costs their business. Data taken from the company’s recently released Data Health Check Survey reveals that less than one-in-five organisations (19%)...
Posted On 29 Aug 2019
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Business Continuity: What The Office Really Means to Today’s Organisations

In spite of best intentions, protective measures, vigilance and forward planning, organisations will always be at risk of losing their workplace due to reasons such as fire, flooding/extreme weather conditions or structural collapse. Likewise, even if the fabric of the buildings...
Posted On 19 Aug 2019
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Department for Transport issues counter-terrorism guidance for goods vehicle operators and drivers

The Department for Transport has just issued brand new guidance specifically designed to prevent terrorists from gaining access to commercial vehicles. In the last five years, changes in attack methodology have placed greater emphasis on simplicity and ease of access, meaning...
Posted On 14 Aug 2019
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From Firewalls to Fine Grain Permissions: Cyber Security Best Practice

Cyber crime is now so prevalent that guarding against it should be part of standard ‘business as usual’ company procedures, but many organisations have been – and continue to be – caught out. In parallel, the risk of physical attacks remains the same, which means that the risk...
Posted On 26 Jul 2019
, By
Steven Webb
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Digitalisation and Cyber Risk: The Key Questions for Today’s Organisations

It’s difficult to avoid discussions about digital trends, business models and the resulting benefits. The world’s most valued organisations provide digital services. Private investment in new digital start-ups is sky high, while the benefits to organisations of digitalising...
Posted On 23 Jul 2019
, By
Tom Kellermann
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Governance, Risk and Compliance: Enacting Proactive Risk Management

In the highly regulated industries of finance, healthcare and energy, a focus on governance, risk and compliance (GRC) is crucial to effectively combat a cyber security breach. Unfortunately, when considering international data sharing, this can become overwhelmingly complex,...
Posted On 11 Jul 2019
, By
Klaus Allion
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Critical Alarms: The Risks of Not Responding in Time

Klaus Allion explores the moral duty and legal responsibility of particular industries that operate within a high-risk environment. Critical alarms are a fundamental component to assure the safety of staff and continuity of operations, and by failing to respond appropriately to...
Posted On 10 Jul 2019
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‘Tools of the Trade’: Hints and Tips for Working in Risk Management

What’s it really like to work in the field of risk management? In conjunction with the Institute of Risk Management (IRM), Risk Xtra is beginning a new series of articles running under the banner ‘Tools of the Trade’ in which we ask practising professionals to...
Posted On 05 Jul 2019
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Everbridge focuses on Best Practice for operational resilience at industry forum

Everbridge – the specialist in critical event management and enterprise safety software applications designed to help keep people safe and businesses running – has just hosted ‘Prepare and Protect’, an exclusive forum in the City of London to assist companies in...
Posted On 27 Jun 2019
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