Banks must improve operational resilience

The Bank of England regulator said the financial sector must improve operational resilience in its first annual review of the topic since rules came into force last year.

In particular, David Bailey, executive director of deposit takers supervision at Read more

Ransomware attacks increased in 2021

Ransomware attacks increased by 80 per cent over the last 12 months, according to a Sophos white paper. That means that ransomware attacks hit two out of three organisations in 2021. This demonstrates “that adversaries have become Read more

Businesses shielding customers from price hikes

Businesses are attempting to shield customers from price hikes by absorbing costs where they can, according to government figures.

More than one third (36 per cent) of businesses absorbed costs because of recent price rises. But 29 per cent Read more

Clean technology revolution

Earlier this year, storms Malik, Corrie, Dudley and Eunice, and the crisis in Ukraine demonstrated the weakness of the UK’s centralised energy supply. The UK’s infrastructure needs to be more environmentally sustainable to increase operational resilience to inevitable future Read more

Reputation risk at P&O – IRM BBC interview

Businesses need to put social responsibility at the fore to avoid long-term reputational damage following the pandemic, IRM Environmental and Social Governance Group chair Anita Punwani told the BBC in an interview.

Speaking in the wake of P&O Ferries’ Read more

Ukraine and Covid fuelling supply chain nationalism

The conflict in Ukraine and Covid are fuelling supply chain nationalism in a trend that could reverse globalisation.

The rise of populist nationalism in countries such as the UK and US had already put “made at home” policies on Read more

Deadline for operational resilience imminent

The deadline for operational resilience measures mandated by the UK financial regulator the FCA is imminent.

From the end of March financial services firms must demonstrate they have a grip on operational risk in core services. The rules are Read more

Organisations failing to bridge talent gap

Organisations are failing to bridge talent gaps among critical staff, chief human resources officers said in the analyst Gartner.

In fact, fewer than one in five (19 per cent) said they are tackling the number one HR trend. Half Read more