Business continuity – Disaster Recovery Playbook http://disasterrecoveryplaybook.org/ Thu, 21 Oct 2021 14:28:35 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://disasterrecoveryplaybook.org/wp-content/uploads/2021/06/icon-92.png Business continuity – Disaster Recovery Playbook http://disasterrecoveryplaybook.org/ 32 32 Free Webinar: Towards a Healthy Organization https://disasterrecoveryplaybook.org/free-webinar-towards-a-healthy-organization/ https://disasterrecoveryplaybook.org/free-webinar-towards-a-healthy-organization/#respond Thu, 21 Oct 2021 14:28:35 +0000 https://disasterrecoveryplaybook.org/free-webinar-towards-a-healthy-organization/ Organizations will need to consider the realities of the peripandemic and post-pandemic workplace in their health and wellness strategies and this should include a tailored approach that recognizes the diversity of the workforce, explains the Dr Varley. She notes that not only are there mixed workforce models with in-person and home teams, but the health […]]]>

Organizations will need to consider the realities of the peripandemic and post-pandemic workplace in their health and wellness strategies and this should include a tailored approach that recognizes the diversity of the workforce, explains the Dr Varley. She notes that not only are there mixed workforce models with in-person and home teams, but the health needs of the people within each team vary, as does coaching and development. of each person. This is where health benefits can serve as a key part of an organization’s talent approach and risk management strategy.

When it comes to health benefits, there has been a shift in the mindset of organizations emerging from the pandemic. Previously, the focus was on controlling benefit costs, but now organizations are realizing how the right benefits can positively impact the overall well-being of employees, says Jennifer Osborn, director of business development at the Cleveland Clinic Canada, and Director of Corporate Health Services, Marianne Surmann. This means providing and promoting tools that employees can use to stay healthy, such as virtual second opinion services and online coaching. They add that the pandemic has caused organizations to think more about how they can proactively protect the health of their employees.

Osborn and Surmann stress that it is essential for leaders to listen to the needs of their employees and understand their business so that they can be able to protect the overall health of their organizations and help themselves to exit more easily. of the pandemic. . This is a point on which their colleague, Dr Varley, agrees.

“Health, safety and well-being are critical to the long-term success of organizations, from business continuity and competitive strategy to talent acquisition and more,” says Dr. Varley. “It’s a cohesive thread that enables a multitude of organizational priority areas and the ‘winners’ will be those who understand and invest in health at this critical time. “

Cleveland Clinic Canada will present the free webinar, “Healthy People Lead Healthy Organizations,” on November 9, 2021 at 12:00 PM (ET). For more information on this webinar, HR professionals can register here.

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BlackBerry secures phone calls and group messages from high-risk eavesdropping https://disasterrecoveryplaybook.org/blackberry-secures-phone-calls-and-group-messages-from-high-risk-eavesdropping/ https://disasterrecoveryplaybook.org/blackberry-secures-phone-calls-and-group-messages-from-high-risk-eavesdropping/#respond Wed, 20 Oct 2021 07:49:49 +0000 https://disasterrecoveryplaybook.org/blackberry-secures-phone-calls-and-group-messages-from-high-risk-eavesdropping/ Professional development programmer cooperating on meeting scheduling website working software in office room. BlackBerry announced that its SecuSUITE offering for governments now provides certified end-to-end encryption of all group phone calls and instant messages for governments and businesses. The global pandemic has forced millions of employees to work from home. To avoid disruption, teams turn […]]]>

Professional development programmer cooperating on meeting scheduling website working software in office room.

BlackBerry announced that its SecuSUITE offering for governments now provides certified end-to-end encryption of all group phone calls and instant messages for governments and businesses.

The global pandemic has forced millions of employees to work from home. To avoid disruption, teams turn to group calling methods to ensure business continuity, but most are vulnerable to threats. Businesses and government officials around the world are increasingly the targets of coordinated eavesdropping. SecuSUITE protects these individuals against identity theft, metadata collection and interception of communications that can compromise sensitive discussions and major operations.

David Wiseman, Vice President of Marketing and Secure Communications, BlackBerry, said, “We are delighted to now offer secure group calling in a system certified by NIAP and NSA CSfC. This is a huge advantage for governments and organizations that are spread internationally and require high quality encryption for their communications. “

Kerry Leo, Senior Vice President of CACI International, added: “The continued development of new features by BlackBerry for the SecuSUITE software enables CACI to offer new capabilities to the SteelBox cloud service. The new group calling feature is already being used by U.S. federal civilians, Department of Defense and Intelligence community customers to securely communicate with groups of users during an encrypted call from anywhere. anywhere in the world. CACI’s partnership with BlackBerry enables the technological innovations that our customers rely on for the success of their mission.

With global experience in delivering true, certified end-to-end encrypted solutions for Android and iOS, SecuSUITE for Government Technology protects 18 governments around the world from eavesdropping, from unclassified levels to the most secret clearance levels.

SecuSUITE has been certified in accordance with Common Criteria, assuring government agencies of the security of their mobile communications. This is essential, as senior levels of government need to be confident that their sensitive verbal and messaging communications are completely secure, no matter where they are in the world.

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How to maintain HIPPA compliance on a budget https://disasterrecoveryplaybook.org/how-to-maintain-hippa-compliance-on-a-budget/ https://disasterrecoveryplaybook.org/how-to-maintain-hippa-compliance-on-a-budget/#respond Tue, 19 Oct 2021 00:01:54 +0000 https://disasterrecoveryplaybook.org/how-to-maintain-hippa-compliance-on-a-budget/ Health care is known to be an expensive industry; Cutting-edge healthcare and cutting-edge R&D programs are incredibly expensive. The United States is estimated to spend 17% of GDP on health care. It’s about $ 12,000 per capita. With these astronomical numbers, is it possible to be profitable in an industry as heavily regulated as America’s […]]]>

Health care is known to be an expensive industry; Cutting-edge healthcare and cutting-edge R&D programs are incredibly expensive. The United States is estimated to spend 17% of GDP on health care. It’s about $ 12,000 per capita. With these astronomical numbers, is it possible to be profitable in an industry as heavily regulated as America’s healthcare system?

Where is HIPPA applicable?

HIPAA covers privacy and security regulations requiring strict security measures for hospitals, physicians, and other organizations such as health insurance and health maintenance agencies that store or process private medical information associated with individuals. HIPAA defines the rights of people who are the subject of medical records. Therefore, organizations that keep such records are required to disclose these rights in writing.

The Health Insurance Portability and Accountability Act (HIPAA) was introduced and enacted on August 21, 1996 by President Clinton and has become part of the Social Security Act.. Its main objective was to preserve the confidentiality of patient data. The financial bite of compliance only started to hurt in 2003 with the introduction of the Privacy Rule Amendment, which specifically deals with electronic patient records. For many, there is no doubt that the introduction of this rule and the cost of protecting patients have driven up the cost of health care in the United States.

The costs were incurred because healthcare professionals had to hire compliance officers to oversee the correct implementation of the confidentiality rule safeguards. Two other immediate costs were also to be paid: first, the introduction of complex technical IT solutions to meet the expected technical guarantees of HIPAA, and second, each employee was required to complete a HIPAA training program to learn more about HIPAA compliance.

Naturally, this added an additional financial burden to the industry, putting medical professionals under additional pressure. However, it is important to stop and think about what the cost of not complying with the law could cost. In addition to endangering the privacy of their patients, the real financial costs would likely be much higher in the event of a breach. The price would include the applied penalties introduced in the 2013 final omnibus rule, and the potential for loss of business and damage to reputation.

Penalties are severe if an organization is in violation, fines imposed range up to $ 58,490 for minor violations (per violation), up to $ 1,785,651 (per violation) for the most serious level 4 violations . Healthcare practices should weigh the costs of implementing HIPAA compliance against the potential fines for violation. In any situation, paying to professionally implement HIPAA compliance is the cheapest option. (Also read: Data Breach Notification: The Legal and Regulatory Environment.)

Meeting compliance regulations in any industry will require investment, but cost reduction initiatives can reduce expenses without impacting data integrity. Costs will vary depending on whether the organization chooses to implement entirely new IT systems and business processes, only the minimum requirements, or something in between.

The Costs of HIPAA Compliant Administration

In 2003, the introduction of the confidentiality rule raised serious concerns about the excessive cost of implementing the law, costs which would be passed on to the patient. Some of the requirements require a larger workforce working solely on compliance.

The privacy gap analysis and risk assessment required are just two of the important administrative requirements introduced, each taking months to complete and semi-annual reviews required. Any new process needed to be documented, peer reviewed and regularly updated, additional policies created and implemented, and then training provided to staff to enforce confidentiality rules.

An effective solution to the inevitable costs is to hire a specialist HIPAA consulting firm. The logistics of maintaining a compliant medical practice can make life difficult for busy healthcare providers, outsourcing this responsibility brings work experience and is often economical.

Outsource to the Cloud

Some vendors have saved money by outsourcing basic IT infrastructure like medical applications, databases, and IT systems to the cloud. Healthcare practices that keep IT infrastructure on-premises face the complex and costly challenge of designing, maintaining, and updating a rapidly evolving IT platform. (Also read: 8 Best Practices for Managing Cloud Applications.)

A cloud-centric narrative allows the budget to scale from capital expense (CAPEX) to operational expense (OPEX) with predictable monthly costs. Plus, there’s no added expense on expensive storage, networking, and server hardware … hardware that will depreciate the moment you unbox it.

Most healthcare companies already have a hybrid cloud model in place, core workloads are handled on-premises, but some services such as telephony, video conferencing, and office productivity suites are hosted in SaaS mode. . But for big savings, some suggest healthcare needs to move all production workloads to the cloud.

It’s a big job that takes careful planning, but you don’t have to do all the work yourself. Outsourcing to a managed service provider or HIPAA cloud hosting specialist can save you time and money. You will no longer be responsible for the cost of licenses, power, cooling and major data center installations, potentially allowing you to shut down expensive on-site computer rooms.

Ultimately, the responsibility for data security rests with the customer and the responsibilities for who does what and when are determined by contracts. However, additional cost-effective managed services can be taken, such as a managed backup and disaster recovery solution. A solution that will meet the requirement to archive and retain necessary patient information, as well as protect personal health data (PHI) from deletion or modification using encrypted backups from a source encrypted data.

Business continuity and disaster recovery services to maintain 24-hour access to PHIs are extremely expensive. Server hardware, synchronous network and storage capacities and licensing costs, rental of colocation facilities and a team to keep the platform operational 24/7 will cost tens of millions of dollars. . (Also read: SaaS Security: Pitfalls Often Overlooked.)

Save on technical engineers

Managing a HIPAA compliant infrastructure requires a team of 24/7 frontline staff and a large team of subject matter experts. IT salaries are some of the highest in the workplace, especially if you want to invest in the best employees. Again, by outsourcing this responsibility, your payroll is drastically reduced.

Plus, you get the day-to-day management and technical support relief for the entire platform. It is the vendor’s responsibility to keep everything secure and patched, and it is the vendor’s responsibility (and cost) to absorb expensive hardware refresh programs as the infrastructure enters end-of-life support.

Technical safeguard

Identity services, user accounts, access control lists, authorization management, and multi-factor authentication are some of the less obvious technical safeguards that protect your healthcare practice from substantial fines. Each of these services is expensive to implement, manage, and maintain if performed in-house, but from a HIPAA compliance provider, the services can be easily integrated.

Taking advantage of the recent relaxation of enforcement rules, on March 17, 2020, the Office of Civil Rights (OCR) issued a statement stating that “Enforcement discretion and sanctions waiver for HIPAA violations.” were introduced. Healthcare professionals were first allowed to use third-party tools for telemedicine appointments, such as products like Let’s Talk, Apple FaceTime, Google Hangouts, Zoom, or Skype. Potentially save a lot of money in licensing while still providing more choice to the patient. Remember that these rules are temporary.

Conclusion

In short, there will be inevitable costs to be and stay HIPAA compliant. Unless you’re a medical startup, you’ll likely have HIPAA-compliant systems in place by now. The important step is to understand the effectiveness of this protection for your patient data and the total cost of ownership to implement this technical solution.

Monolithic hosting is so expensive compared to the cloud. You have all the infrastructure in-house under your control, but huge savings can be made by modernizing the infrastructure. Take your time to shortlist reputable HIPAA-compliant hosting providers, research what physical, administrative, and technical guarantees they can provide, then compare costs.

It’s not just about finding the cheapest hosting provider, although cost is always a practical consideration. You have to find the right balance between security, functionality and price. Cloud services can dramatically reduce your administrative costs and management load, increase efficiency with greater scalability, and also provide operational flexibility.

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Are virtual property inspections here to stay? https://disasterrecoveryplaybook.org/are-virtual-property-inspections-here-to-stay/ https://disasterrecoveryplaybook.org/are-virtual-property-inspections-here-to-stay/#respond Sun, 17 Oct 2021 22:00:00 +0000 https://disasterrecoveryplaybook.org/are-virtual-property-inspections-here-to-stay/ Now that the door is open, virtual home inspections have gone from being an option of last resort to a window into the future. The pandemic has done some interesting things in the real estate market. As budgets tightened, the available housing stock shrank as prices continued to soar across Australia. Meanwhile, borrowers took advantage […]]]>

Now that the door is open, virtual home inspections have gone from being an option of last resort to a window into the future.

The pandemic has done some interesting things in the real estate market. As budgets tightened, the available housing stock shrank as prices continued to soar across Australia. Meanwhile, borrowers took advantage of low interest rates by seizing the opportunity to refinance. And with many city dwellers leaving cities to make the most of remote working, there has been no decline in demand for nationwide assessments.

Even without the impacts of COVID-19, there is no doubt that the property valuation industry was already ready for digital transformation. The pandemic has simply accelerated the use of new technologies to provide assessment services with a greater emphasis on “virtual” inspections.

Continuity in times of crisis

The first thing businesses and industries look for in a crisis is continuity. How quickly can they reshape their service models so they can keep running, while finding ways to improve the customer experience?

The Australian Property Institute (API) deserves praise for taking the lead. With appraisers and lenders seeking advice on business continuity, API consulted with the industry and in March 2020 released the “Valuation Protocol – Guidelines for the Declared Hour of Crisis”. API and / or state of emergency affecting physical inspections of real property ”(Assessment Protocol). The assessment protocol outlined alternatives to physical inspections, which can be completed on the industry-approved API PropertyPRO report template.

Key to the direction of the API was its assertion that “Nothing in this protocol is intended to alter the minimum assessment expectations or reduce the standards by which assessors should conduct their assessment.” It also does not modify the individual commercial agreements between the evaluators and the principals / clients. “[1]

The assessment protocol specified a hierarchy of accepted approaches, with full physical inspections at the top. Alternatives included external inspections, partial external inspections and virtual inspections, using a range of tools, including existing and provided data and real-time virtual tours provided by the occupant of the premises.

The implementation of the evaluation protocol indicates that API was confident that evaluators were ready to respond appropriately, while also providing the impetus for evaluation companies to initiate or accelerate software development efforts that would enable virtual inspections.

Adopt the new protocol

Before the pandemic, some assessment companies had already developed proof of concept solutions for virtual inspections. The onset of the crisis created the need for a full implementation of these digital inspection models in the short term. With CoreLogic, these early adopters helped drive the consultation between API and industry to put the agreed solutions into practice.

Meanwhile, CoreLogic was also working on a prototype process for digital assessments. We launched the ValConnect Download Portal (ValConnect Portal) in April 2020, shortly after the release of the Assessment Protocol. The ValConnect portal allows the occupant to securely upload photos via a link sent to them by the assessors. This service has been made available to industry through ValEx at no additional cost, to ensure that all companies are always able to serve customers within the CoreLogic ecosystem.

While Victoria, sadly, didn’t have much time without lockdown restrictions, New South Wales had several months of relative freedom when physical inspections were able to restart. But when the state was hit by the COVID-19 Delta variant and stalled again, virtual inspections resumed.

But thanks to the systems and processes that many assessment companies had in place during the 2020 state of emergency, this time around they were ready to embrace virtual inspections.

Where from here?

Since the start of the 2021 restrictions, the responsiveness of the assessment and API industry has allowed for an almost seamless adoption of virtual inspections. The challenges also highlighted the agility and willingness of the industry to adopt new ways of working.

The appraisal industry has essentially tested a “proof of concept” on appraising properties without full physical inspections – an approach that might have been unlikely before the pandemic. And while many businesses have benefited from the efficiencies of virtual inspections, others are reporting delays. It is likely that these delays stem, at least in part, from the challenges of performing virtual assessments in a framework optimized for full physical inspections.

We have learned from this experience that in many cases properties can be properly assessed without a full physical inspection. The next logical step is to rethink the evaluation framework to optimize the virtual experience.

With vaccination rates increasing and lockdown restrictions easing in NSW and Victoria, it is likely that the API will declare an end to the current state of emergency, which currently applies. at national scale. This will also end the assessment protocol. And while some industry sectors are likely to favor a return to full physical valuations, there is no question that virtual valuations have proven to be a feasible alternative in many cases, and may become just as common as traditional valuations. – as long as we can. get the right frame.


[1] Page 3 of the Assessment Protocol.


© Copyright 2021. RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic) and its licensors are the only and exExclusive owners of all rights, titles and interests (including intellectual property rights) subsisting in this publication, including all data, analysis, statistics and other information contained in this publication. All rights reserved.

The data and information (including comments) provided in this publication (together, Information) is general in nature and should not be construed as specific advice or relied on in place of appropriate professional advice.

While CoreLogic makes commercially reasonable efforts to ensure that the information is up to date, CoreLogic does not warrant the accuracy, timeliness or completeness of the information and, to the fullest extent permitted by law, excludes any loss. or any damage occurring (including negligence) in connection with the Information.

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Most of Powys’ services return to normal amid ‘improvement’ in Covid image board https://disasterrecoveryplaybook.org/most-of-powys-services-return-to-normal-amid-improvement-in-covid-image-board/ https://disasterrecoveryplaybook.org/most-of-powys-services-return-to-normal-amid-improvement-in-covid-image-board/#respond Sat, 16 Oct 2021 16:04:04 +0000 https://disasterrecoveryplaybook.org/most-of-powys-services-return-to-normal-amid-improvement-in-covid-image-board/ Powys County Council has announced a partial withdrawal of its business continuity plan in response to an improving coronavirus situation in the county. The county council initially triggered its business continuity plan 18 months ago in response to the pandemic, allowing services to focus on COVID-19 activities and remove areas that weren’t critical to it. […]]]>

Powys County Council has announced a partial withdrawal of its business continuity plan in response to an improving coronavirus situation in the county.

The county council initially triggered its business continuity plan 18 months ago in response to the pandemic, allowing services to focus on COVID-19 activities and remove areas that weren’t critical to it. activity.

The services operated under the core mandate for the business until early May, when areas other than social services, public protection and human resources returned to near normal levels, according to the Country. of Wales reducing its alert status.

However, the continuity plan was reintroduced in late August when the county saw a sharp rise in Covid-19 cases, especially among young people, as a new wave of the virus hit the country.

At the same time, the impact of managing Covid over the past 18 months on staff, service providers and those in need of social service support has been particularly acute, requiring the redeployment of staff from other services.

At a meeting on Thursday, October 7, the Council’s strategic coordination group decided that all services except social services – adults and children – HR and housing, would resume operations as usual with immediate effect. .

Chief Executive Officer Dr Caroline Turner said: “The revocation of the business continuity plan for most departments is an important step and reflects the improvement in the situation in the Powys. The county appears to have passed the recent peak and thankfully has the lowest case rate in Wales in recent days.

“We will keep the plan in place for social services, human resources and housing due to continued pressure on these areas.

“The lifting of the plan is positive but does not mean that there will be a return to the way of working before covid. Office staff will still be required to work from home whenever possible, the focus and location of their work may change, but operational procedures will not.

“We are making good progress with plans for new ways of working, but it is clear that the status quo will be very different in a post-Covid world.

Councilor Rosemarie Harris, head of the council, said: “Although we appear to have passed the last peak, we know that Covid has not gone away. We will remain vigilant and ready to deal with any new epidemic, whether in specific contexts or within the community.

“The removal of the business continuity plan of the company is an important step and this is to be congratulated, but we must remain cautious,” she added.

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Acer suffers data breach in India, to notify affected customers: report https://disasterrecoveryplaybook.org/acer-suffers-data-breach-in-india-to-notify-affected-customers-report/ https://disasterrecoveryplaybook.org/acer-suffers-data-breach-in-india-to-notify-affected-customers-report/#respond Fri, 15 Oct 2021 10:19:37 +0000 https://disasterrecoveryplaybook.org/acer-suffers-data-breach-in-india-to-notify-affected-customers-report/ Taiwanese electronics giant Acer recently suffered a data breach in India after a cyberattack on its local after-sales service system, the company confirmed, according to reports. An Acer Corporate Communications said the company recently detected an “isolated attack” on its local after-sales service system in India, according to a report by BipComputer. “Upon detection, we […]]]>

Taiwanese electronics giant Acer recently suffered a data breach in India after a cyberattack on its local after-sales service system, the company confirmed, according to reports.

An Acer Corporate Communications said the company recently detected an “isolated attack” on its local after-sales service system in India, according to a report by BipComputer.

“Upon detection, we immediately launched our security protocols and performed a full scan of our systems. We are informing all potentially affected customers in India,” the spokesperson said, quoted by the report.

The company further added that it had reported the incident to local law enforcement and the Indian Computer Emergency Response Team. This had no significant impact on its operations and business continuity, he added.

Acer did not provide further details on the identity of the attackers.

However, a threatening actor claimed responsibility for the attack. A hacker group called DESORDEN said on a popular hacker forum that they stole over 60 GB of files and databases from Acer’s servers.

The allegedly stolen data contains data including customer, corporate and financial data, as well as login information belonging to Acer retailers and distributors in India, according to the reports. The group also posted a video showing the stolen files and databases. This includes 10,000 customer records and stolen credentials for 3,000 Acer distributors and retailers in India, the report adds.

This is the second cybersecurity incident the company is facing this year.

Earlier this year, Acer was targeted by REvil, which had held the company for a ransom of $ 50 million, BipComputer reported.

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Business Continuity Management Program (BCMP) Software Market Size, Trends 2021-2028: Leadnig Key Players Analysis https://disasterrecoveryplaybook.org/business-continuity-management-program-bcmp-software-market-size-trends-2021-2028-leadnig-key-players-analysis/ https://disasterrecoveryplaybook.org/business-continuity-management-program-bcmp-software-market-size-trends-2021-2028-leadnig-key-players-analysis/#respond Thu, 14 Oct 2021 04:50:28 +0000 https://disasterrecoveryplaybook.org/business-continuity-management-program-bcmp-software-market-size-trends-2021-2028-leadnig-key-players-analysis/ Sample download request Request a discount Company Profile New Jersey, United States, – The Global Business Continuity Management Program (BCMP) Software market research report demonstrates the service, scale, location, revenue, and future scope of the current market of the global Business Continuity Management (BCMP) industry. Business Continuity Management Program (BCMP) software. This report presents trends […]]]>

New Jersey, United States, – The Global Business Continuity Management Program (BCMP) Software market research report demonstrates the service, scale, location, revenue, and future scope of the current market of the global Business Continuity Management (BCMP) industry. Business Continuity Management Program (BCMP) software. This report presents trends and technological developments in the Business Continuity Management Program (BCMP) Software industry. It presents current industry and market trends, technology and skills, as well as various structures of product types and markets such as 2 spectra, 3 spectra, 5 spectra. It also highlights the challenges and new opportunities in the upcoming Business Continuity Management Program (BCMP) software market.

The report begins with a detailed introduction to the Business Continuity Management Program (BCMP) software market and then goes into more detail about specific industries such as applications such as beauty salons, hospitals. Regional markets, end users, policy analysis, value chain structure and emerging trends. Business Continuity Management Program (BCMP) Software market reports create investment cases for specific regions based on realistic outlook of regulatory environment, manufacturing dynamics, technology and the availability of resources. In addition, the recommendations focus on regions and market segments that are not expected to increase significantly in the near future.

Competition analysis

Understanding the changing needs of consumers, changes in the industry, legislative trends and user preferences is important in shaping a business. The interest of such a market study on the Business Continuity Management Program (BCMP) software cannot be explained, since all the commercial gain depends on it.

Primary and secondary market research tools are used in the process of sharing information in newspapers, magazines, and industry or government reports. In this way, any new kind of data can be analyzed and it can reach a large number of people. The global market research report is presented in a systematic form which may take the form of graphs, pictures, or images. This systematic presentation is a tool to help new market players which serves as a basic tool for the growth and development of the company.

The research focuses on the current Business Continuity Management Program (BCMP) software market size and its growth rates on the basis of the records with company outline of key players / manufacturers:

Major Players Covered By Business Continuity Management Program (BCMP) Software Markets:

  • Oracle
  • Merger risk management
  • Insurance software
  • Consulting in indexing engine evaluation
  • Sai

Business Continuity Management Program (BCMP) Software Market Segmentation:

The Business Continuity Management Program (BCMP) Software market is split by Type and by Application. For the period 2021-2028, the cross-industry growth provides accurate calculations and sales forecast by type and application in terms of volume and value. This analysis can help you grow your business by targeting qualified niche markets.

Business Continuity Management Program (BCMP) Software Market Split By Type:

Business Continuity Management Program (BCMP) Software Market Split By Application:

  • Large companies (more than 1000 users)
  • Medium-sized business (499-1000 users)
  • Small businesses (1 to 499 users)

Scope of Business Continuity Management Program (BCMP) Software Market Report

Report attribute Details
Market size available for years 2021 – 2028
Reference year considered 2021
Historical data 2015 – 2019
Forecast period 2021 – 2028
Quantitative units Revenue in millions of USD and CAGR from 2021 to 2027
Covered segments Types, applications, end users, etc.
Cover of the report Revenue forecast, company ranking, competitive landscape, growth factors and trends
Regional scope North America, Europe, Asia-Pacific, Latin America, Middle East and Africa
Scope of customization Free customization of the report (equivalent to 8 working days for analysts) with purchase. Add or change the scope of country, region and segment.
Price and purchase options Take advantage of personalized shopping options to meet your exact research needs. Explore purchasing options

Regional Market Analysis Business Continuity Management Program (BCMP) software can be represented as follows:

Each regional business continuity management program (BCMP) software sector is carefully studied to understand its current and future growth scenarios. It helps the players to strengthen their position. Use market research to gain a better perspective and understanding of the market and target audience and ensure you stay ahead of the competition.

Based on Geography, Global Business Continuity Management Program (BCMP) Software Market has segmented as follows:

  • North America includes the United States, Canada and Mexico
  • Europe includes Germany, France, UK, Italy, Spain
  • South America includes Colombia, Argentina, Nigeria and Chile
  • Asia-Pacific includes Japan, China, Korea, India, Saudi Arabia and Southeast Asia

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New Zealand Earthquake Commission subscribes to Guidewire Cloud to simplify claims IT operations https://disasterrecoveryplaybook.org/new-zealand-earthquake-commission-subscribes-to-guidewire-cloud-to-simplify-claims-it-operations/ https://disasterrecoveryplaybook.org/new-zealand-earthquake-commission-subscribes-to-guidewire-cloud-to-simplify-claims-it-operations/#respond Tue, 12 Oct 2021 22:11:11 +0000 https://disasterrecoveryplaybook.org/new-zealand-earthquake-commission-subscribes-to-guidewire-cloud-to-simplify-claims-it-operations/ Government-owned insurer to leverage Guidewire Cloud for scalability and business continuity WELLINGTON, New Zealand & SAN MATEO, Calif .– (BUSINESS WIRE) –$ GWRE #GuidewireClaimCenter– Guidewire Software, Inc. (NYSE: GWRE) today announced that the New Zealand Earthquake Commission (EQC), a Crown entity responsible for providing residential coverage against natural disasters throughout New Zealand -Zeeland, subscribed to […]]]>

Government-owned insurer to leverage Guidewire Cloud for scalability and business continuity

WELLINGTON, New Zealand & SAN MATEO, Calif .– (BUSINESS WIRE) –$ GWRE #GuidewireClaimCenter– Guidewire Software, Inc. (NYSE: GWRE) today announced that the New Zealand Earthquake Commission (EQC), a Crown entity responsible for providing residential coverage against natural disasters throughout New Zealand -Zeeland, subscribed to Guidewire ClaimCenter on Guidewire Cloud to feed its claims management system and simplify its IT operations. The company plans to simultaneously implement ClaimCenter on Guidewire Cloud in all of its personal activities.

“The government has asked us to maintain our internal claims management capacity as an emergency support for our model of relationship with insurers. Reports, CQE. “We have been using ClaimCenter since 2008 and know its capabilities very well. From a business continuity perspective, continuing to use this system and the investments we’ve made in it over the past 13 years was also very important. Using ClaimCenter on Guidewire Cloud will help us keep costs down and allow us to always stay up to date with the latest features and functionality.

“We welcome the Earthquake Commission to the Guidewire Cloud,” said Roland Slee, managing director, Asia Pacific, Guidewire Software. “We appreciate this vote of confidence in our cloud service and look forward to playing an increased role in EQC’s mission to reduce the impact on people and property in the event of a natural disaster. ”

About the New Zealand Seismic Commission

The Earthquake Commission (EQC) is a Crown entity of the New Zealand government whose functions are defined under section 5 of the Earthquake Commission Act 1993 (the Act). EQC performs the following functions:

  • Provision of insurance against natural disasters for residential property (dwellings and land);

  • Administration of the Natural Disasters Fund (NDF), including its investments and reinsurance; and

  • Fund research and education on natural disasters and ways to reduce their impact.

These three essential functions are essential for New Zealand to effectively manage natural disaster risk.

Originally established by the New Zealand government in 1945 as the Earthquakes and War Damages Commission, EQC has operated continuously since that time and today provides coverage for insured residential property specified in New Zealand for several natural hazards, mainly earthquakes, landslides, tsunamis, and volcanic eruption. More information is available on the EQC website (EQC.govt.nz).

About Guidewire software

Guidewire is the platform P&C insurers trust to engage, innovate and grow effectively. We combine digital, core, analytics and AI to deliver our platform as a cloud service. Over 450 insurers, from new businesses to the world’s largest and most complex, operate on Guidewire.

As a partner of our clients, we continuously evolve to enable their success. We pride ourselves on our unprecedented implementation track record, with over 1,000 successful projects, supported by the industry’s largest R&D team and ecosystem of partners. Our marketplace provides hundreds of apps that accelerate integration, localization and innovation.

For more information, please visit www.guidewire.com and follow us on Twitter: @Guidewire_PandC.

NOTE: For more information on Guidewire trademarks, visit https://www.guidewire.com/legal-notices.

Contacts

Diana stott

Director, Communications

Guidewire Software, Inc.

+1.650.356.4941

dstott@guidewire.com

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A safe landing for the Maharaja’s privatization flight https://disasterrecoveryplaybook.org/a-safe-landing-for-the-maharajas-privatization-flight/ https://disasterrecoveryplaybook.org/a-safe-landing-for-the-maharajas-privatization-flight/#respond Mon, 11 Oct 2021 16:41:18 +0000 https://disasterrecoveryplaybook.org/a-safe-landing-for-the-maharajas-privatization-flight/ The Indian government was caught between Scylla and Charybdis with Air India, as it was neither possible to revive the company by injecting more money, nor an option to liquidate it, given the greater interest of the parties stakeholders. At the end of August, Air India’s total debt stood at ??61,562 crore, mainly raised via […]]]>

The Indian government was caught between Scylla and Charybdis with Air India, as it was neither possible to revive the company by injecting more money, nor an option to liquidate it, given the greater interest of the parties stakeholders. At the end of August, Air India’s total debt stood at ??61,562 crore, mainly raised via sovereign guarantees to finance its losses.

The Tata Group has effectively taken over nearly a quarter of Air India’s total debt for 100% ownership. It will keep its 12,000 casual workers for one year. Under the agreement, Tata Group will stick to a business continuity clause for three years and will also retain its brand for five years as part of the divestiture agreement. A special purpose company, Air India Assets Holding Ltd (AIAHL), was formed to take over the remaining debt of ??46,262 crore and approximately ??14,718 assets, including real estate. This will be monetized over the years to pay off lenders, whose loans are now backed by a government guarantee. This guarantee will ensure that the lenders do not face a haircut.

The question some observers have raised is whether this is the best possible option available to the government to revive Air India. There is no denying that selling the airline to a private player was the best and only option left for the government, given its additional losses and our economy bleeding. Any additional tax support or an ongoing government guarantee would have been worse for the country. If executed well, the government’s monetization plan can bring in sufficient sums of money to pay off most of the airline’s debt. In particular, prime real estate that the government has retained can be capitalized for this purpose.

Some claim that Air India got a better price under the Insolvency and Bankruptcy Code (IBC) resolution mechanism than through a direct sale of its shares. This is a mistaken argument. Under the IBC, Air India’s fate would have been worse. Most of its planes were leased and the airline is in default. In December 2020, a UK court reprimanded Air India for its unpaid dues of more than $ 17.6 million to China Aircraft Leasing Company Ltd (CALC) in connection with an aircraft leasing contract for the lease and maintenance. If the matter fell within the jurisdiction of the IBC, article 14 of the Code would not have allowed repossession of the property once the moratorium was declared. This would have been detrimental to the preservation of the value of the aircraft. It would also have resulted in massive maintenance expenses. More importantly, under the IBC, these lessors are treated as operational creditors and face a higher risk of a significant haircut as part of any resolution plan.

The government has therefore shown both wisdom and pragmatism in embracing privatization. However, the excitement of keeping good assets tied to bad loans can take government one step and two steps back. Efforts to sell some of the properties at sought-after prices failed last November and the company had to renew its bid to raise funds by auctioning around 38 real estate assets, some of which it was unable to sell during the previous auctions, lowering the reserve. price of certain goods. Last June, it put out a tender for a number of its properties with the aim of increasing ??270 crores. The end result is always expected.

Two things are now essential for the success of the agreement. First, AIAHL’s ability to set up an effective monetization system and repay the debt incurred. Second, Tata’s ability to make the system more efficient. The former would be a greater challenge if the government tried to play it alone, given its inexperience in monetizing assets. A better approach might be to partner with private actors to increase the effectiveness and value of the program. This could be done as part of the national monetization pipeline, with the search for private actors who can provide expertise in execution and planning. A lack of identifiable revenue streams for various assets, their level of capacity utilization, dispute resolution mechanisms, etc., are likely to be key challenges in executing Air’s asset monetization plan. India owned by AIAHL. Well-structured monetization transactions are likely to be the key to success.

Some ideas of mortgage-backed securitization in the United States could be adopted, with adequate safeguards in terms of ease of liquidity and insulation against insolvency. Securitization of rental income through an ad hoc vehicle, for example, could give good results. In addition, the government should focus on developing the Indian debt market while increasing transparency and raising standards of governance. Investor confidence is essential to the success of any debt market. The development of such a market is determined by its depth, breadth, resilience and the choice of instruments available to meet the demands of market participants. We have made commendable efforts in this direction, but as the cliché says, “Photo abhi baaki hai. There is more to come.

The Air India case should be a reminder forever that it is not for a government to be in business, especially where private actors can play a more effective role. The government should be an arbiter, not an active player. Privatization is a bitter pill, but it is a pill that will cure India’s malaise. This will boost efficiency and is a mantra for building a “new India”. The current government is off to a good start and it is now follow-up on which success depends.

Neeti Shikha is Associate Dean, Indian School of Public Policy, New Delhi. These are the personal opinions of the author.

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Sale of Air India: Government plans to monetize Alliance Air and other AI subsidiaries https://disasterrecoveryplaybook.org/sale-of-air-india-government-plans-to-monetize-alliance-air-and-other-ai-subsidiaries/ https://disasterrecoveryplaybook.org/sale-of-air-india-government-plans-to-monetize-alliance-air-and-other-ai-subsidiaries/#respond Sun, 10 Oct 2021 10:12:27 +0000 https://disasterrecoveryplaybook.org/sale-of-air-india-government-plans-to-monetize-alliance-air-and-other-ai-subsidiaries/ Following the historic privatization of Air India, the Union government announced that it would begin work on monetizing four of its other subsidiaries, including Alliance Air as well as non-core assets like land and buildings. a value ??14,700 crore, Secretary of the Department of Investment and Public Asset Management (DIPAM) Tuhin Kanta Pandey said on […]]]>

Following the historic privatization of Air India, the Union government announced that it would begin work on monetizing four of its other subsidiaries, including Alliance Air as well as non-core assets like land and buildings. a value ??14,700 crore, Secretary of the Department of Investment and Public Asset Management (DIPAM) Tuhin Kanta Pandey said on Sunday, Tata Sons won the Air India tender in Friday. ??18,000 crore to recoup the debt-laden airline after nearly seven decades.

The government had incurred an expenditure of ??20 crores daily to keep Air India afloat.

The Air India-Tata deal, which is expected to be finalized by the end of December, includes the sale of Air India Express and the ground handling arm AISATS. The cost includes a cash payment of ??2,700 crore and taking over ??15,300 crore of debt.

Meanwhile, the state-owned airline had a total debt of ??61,562 crore as of August 31. From this total, the Tata Sons holding company, Talace Pvt Ltd, will take over. ??15300 crore and the rest ??46,262 crore will be transferred to the Air India Assets Holding Limited (AIAHL) special purpose vehicle.

In addition, Air India’s non-core assets, including land and buildings, valued at ??14,718 crore, are also transferred to AIAHL. In addition, the commitments of ??As of August 31, 15,834 crore of contributions to operational creditors, such as those for fuel purchases, would be transferred to AIAHL.

Speaking to PTI, Pandey said his department will now get down to developing a plan to monetize Air India’s remaining subsidiaries that are with AIAHL and set off debts.

“There will be a plan to monetize the assets of AIAHL. It is still a very big task of clearing the liabilities of AIAHL and disposing of assets. ground, engineering and Alliance Air which needs to be privatized … Until Air India leaves, we could not do other things, ”said Pandey, who led the privatization of Air India .

Air India Assets Holding Ltd (AIAHL) was established by the government in 2019 to hold the debt and secondary assets of the Air India group. Four Air India subsidiaries – Air India Air Transport Services Ltd (AIATSL), Airline Allied Services Ltd (AASL), Air India Engineering Services Ltd (AIESL) and Hotel Corporation of India Ltd (HCI) – as well as non essentials, paint and artifacts, as well as other non-operational assets, have been transferred to the SPV.

“Contributions to operational creditors may not increase further over the September-December period if the government continues funding … They depend on ??20 crore / day, if the government stops funding, contributions will add up. So more or less it won’t increase much, ”Pandey said.

After adjustment for all contributions to operational lenders and creditors as well as the assets of AIAHL, the net liability left to AIAHL is ??44,679 crores.

Notably, Air India will become the Tatas team’s third airline, giving it access to more than a hundred aircraft, thousands of trained pilots and crews, and lucrative landing and parking slots. in the whole world.

Tata Sons already owns 84% ​​of the capital of AirAsia India and 51% of the capital of Vistara.

Back home

Air India was founded in 1932 by Jehangir Ratanji Dadabhoy (JRD) Tata. It was originally called Tata Airlines until 1946 when the aviation division of Tata Sons was listed as Air India. In 1948, Air India became a publicly traded company and launched Air India International with flights to Europe under one of the country’s first public-private partnerships.

However, clouds of nationalization had hung over the civil aviation sector since independence. The airline was nationalized in 1953.

According to the agreement, Tatas will have to keep more than ??13,500 crore of Air India and Air India Express employees for one year, after which a voluntary pension scheme could be offered.

The conglomerate can go ahead with the merger and sell up to 49% stake after one year, but it provides business continuity for three years.

The Air India brand and eight logos would also be transferred to the Tatas, but they will be blocked for 5 years and with the clause that they cannot sell them to a foreign entity.

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