Lessons to be Learned from HBOS

The Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) have produced their report ‘The failure of HBOS plc (HBOS)‘.  Whilst the report is focussed on the financial risk management within HBOS, it is worth considering this document to consider whether there are any lessons in it for other areas of operational risk management, […]

How resilient is resilient? Power failure demonstrates fallibility in redundancy

The Register has been reporting the outage at a major London data centre.  The Telecity outage has impacted a range of VoIP firms’ services, Amazon and its Direct Connect service.  The Register reports that ‘both primary and backup power supplies went down, potentially affecting thousands of customers’, this despite Telecity claiming to provide ‘Infrastructure you […]

Does ISO 27001 protect against Cyber attacks?

George Osborne has warned today of the threat of deadly cyber attacks. This follows a spate of information security breaches, most famously that of Talk Talk. It is, perhaps, unlikely that any system will ever be 100% secure, particularly where there are requirements for the general public to be able to enter data through a […]