Realizing Greater Competitive Advantages from Risk Management in a Corporation: Marrying the Upside and Downsides of Risk

Realizing Greater Competitive Advantages from Risk Management in a Corporation: Marrying the Upside and Downsides of Risk

This post was originally written as part of the Institute for Risk Management’s Risk Agenda 2025 – a project investigating the future of risk and risk management in 2025. Dr Tuveson’s post is also available to be read here.  It is a truth universally acknowledged that a corporation in possession of a good fortune isRead more

Pandora Event Bulletin: GDP@Risk in Houston (updated)

Pandora Event Bulletin: GDP@Risk in Houston (updated)

  As this is an on-going event and news story, please check back for regular updates. Pandora scenarios suggest Houston economy could lose $27 to $60 Bn of output as a result of Hurricane Harvey Flooding The economy of Houston, Texas could lose $27-60 Bn of economic output in the next year as result ofRead more

The Age of Ransomware: mitigating the next cyber heartbreak after WannaCry

The Age of Ransomware: mitigating the next cyber heartbreak after WannaCry

A cyber catastrophe has occurred. A little before noon on Friday, 12 May 2017, a highly virulent strain of the ransomware WannaCry (known as WannaCrypt) began to spread through Windows systems worldwide, crippling the NHS healthcare system, Russian government ministries and French automobile plants, and ultimately impacting more than 200,000 computers in 150 countries byRead more

Cyber-extortionists Take a Bite at Apple – Update

Cyber-extortionists Take a Bite at Apple – Update

The Turkish Crime Family (TFC) versus Apple cyber extortion case is unique in being one of the first widely reported incidents of a large tech company being subjected to extortion. TCF claimed access to hundreds of millions of iCloud accounts, which they threatened to wipe if Apple did not pay a ransom (the amount inRead more

Cyber-extortionists Take a Bite at Apple

Cyber-extortionists Take a Bite at Apple

On Friday April 7, a group of cybercriminals calling themselves the ‘Turkish Crime Family’ claim that they will wipe hundreds of millions of iCloud credentials, instantaneously rendering Apple users unable to play or purchase music, use apps, or access email or Cloud file backups, perhaps indefinitely. That is, unless Apple pays the extortionists a ransomRead more

Lights Out at Amazon

Lights Out at Amazon

Tuesday, 28 February, saw “high error rates” in multiple AWS services in the US’ eastern region. These began in the S3 service provided by the US-East-1 North Virginia site before spreading to other services hosted by US-East-1 including CloudWatch, EC2, Storage Gateway, and WAF (web application firewall). Disruptions to the S3 Service, which allows clientsRead more

Artificial Intelligence in the Not-So-Distant Future

Artificial Intelligence in the Not-So-Distant Future

  The motto of the Tyrell Corporation – the corporation responsible for android production in Ridley Scott’s 1982 classic Blade Runner – is “more human than human”. As autonomous systems become increasingly ubiquitous and permanent fixtures in modern societies, there is both concern and curiosity that our not-so-distant future resembles something out of a scienceRead more

NSA Cyber Weapon Stash for Sale

NSA Cyber Weapon Stash for Sale

Éireann Leverett Risk Researcher, Centre for Risk Studies, Judge Business School at University of Cambridge, and CEO, Concinnity Ltd. Dr. Andrew Coburn SVP, RMS, Inc., and Director of Advisory Board, Cambridge Centre for Risk Studies, Judge Business School On 13 August the ‘ShadowBrokers’, a previously unknown hacker group, posted an online auction of a setRead more