NOAA’s Climate Prediction Center is predicting a near-normal hurricane activity in the Atlantic this year. NOAA’s outlook for the 2023 Atlantic hurricane season predicts a 40 percent chance of a near-normal season, a 30 percent chance of an above-normal season and a 30 percent chance of a below-normal season.
The BCI has released its latest report, which explores developments in the area of operational resilience. Sponsored by Riskonnect, the BCI Operational Resilience Report 2023 provides the results from a global survey of resilience professionals
In its recently published ‘Prudential Regulation Authority Business Plan 2023/24’, the UK PRA has set out its plans for regulating operational resilience and related areas through the 2023-2024 period.
Organizational resilience has been around for a decade or more as a specific management discipline, but it has yet to gain traction in many organizations. This article explores what organizational resilience is and why it is worth taking another look at.
‘Panic buying’ was a reality in many countries during the early days of the COVID-19 pandemic, but ‘Disaster-related buying behaviors’ (DRBBs) is a better term as ‘panic’ is actually a misnomer.
Organizations that are well prepared for external threats are twice as likely to be led by senior executives who possess three critical traits…
NERC, the North American Electric Reliability Corporation, has issued its 2023 Summer Reliability Assessment, which warns that two-thirds of North America is at risk of energy shortfalls this summer during periods of extreme demand.
WHO has launched a new initiative to help improve preparation for future pandemics. The ‘PRET Initiative’ provides guidance on integrated planning for responding to any respiratory pathogen such as influenza or coronaviruses.
The European Commission has adopted the EU Cyber Solidarity Act to strengthen cyber resilience capacities across the EU. The proposed Act will support detection and awareness of cyber threats and incidents, enhance the preparedness of critical entities, and encourage the development of crisis management and response capabilities across Member States.
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Business continuity can be defined as 'the processes, procedures, decisions and activities to ensure that an organization can continue to function through an operational interruption'. Read more about the basics of business continuity here.
