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What has caused the global IT outage and how companies can make sure that they are fully protected and can mitigate risks associated with third-party software dependency by having a software escrow or SaaS escrow agreement in place.

Guest blog: Global IT Outage Disrupts The World: How Software Escrow Can Help Companies Mitigate Third-Party Risk Escrow London highlights what has caused the global IT outage and how companies can make sure that they are fully protected and can mitigate risks associated with third-party software dependency by having a software escrow or SaaS escrow agreement in place.

Global IT Outage Disrupts Services At Airports, Banks; Millions Of Microsoft Windows Users See Blue Screen Of Death

Global IT Outage Disrupts Services At Airports, Banks; Millions Of Microsoft Windows Users See Blue Screen Of Death - News18 Millions of Windows PCs are affected by a major security outage that forces systems to restart and show the blue error screen death.

If your business is heavily reliant upon specialist software, a software escrow agreement might just be the safety net you never knew you needed.

Software escrow - what is an escrow agreement? - Gardner Leader If your business is heavily reliant upon specialist software, a software escrow agreement might just be the safety net you never knew you needed. Joe McMahon in our Commercial team explains what a software escrow agreement is and what it can provide your business.

The Belgian NIS2 law has been published today in the Official Journal (with an entrance into force on October 18th 2024)

Globally, software escrow has crystallised as a best practice solution for managing the risks associated with relying on third-party software.

Mitigating corporate risk of widespread software dependency A major South African corporation might use up to 4,000 third-party software products which are business critical. The relentless pursuit of greater efficiencies, more streamlined processes, more innovation as well as the persistent march of rapid digitalisation continues to propel organisations int...

Operators of financial markets infrastructure such as Banks, Insurance and payment systems, have been advised to anticipate and undertake robust testing around what is called “extreme but plausible scenarios" that could cause disruption to services, ahead of new rules on operational resilience taking effect in Eu and Uk and of this year.

Bank of England tells firms to test for ‘extreme but plausible’ service disruption Operators of financial markets infrastructure (FMIs), such as payment systems, have been advised to anticipate – and undertake robust testing around – “extreme but plausible” scenarios that could cause disruption to services, ahead of new rules on operational resilience taking effect in the ...

Top 8 Cyber Attacks 2024 (so far)

what happens if your third-party software vendor goes out of business or is unable to maintain services ?

Why software escrow gives SA fintech developers the edge In large corporations, digital transformation is impacting every customer touchpoint, yet this rapid innovation for operational advancement could be what exposes them to operational risk...

The global Software Escrow Services market size is estimated to be $6.12 billion in 2023, and Researcher analysts predict it will reach $14.8 billion by 2031, growing at a CAGR of 11.7% during the forecast period from 2023 to 2031.

Research Report 2023-2031 | Provides a thorough Overview of the market's main Types [Technology Escrow, SaaS Escrow, Domain Name Escrow, Others] and Applications [Escrow for Software Customers, Escrow for Software Suppliers], Including growth factors, market Dynamics, and Competitive Analysis. The most important facts and numbers for the prediction period up to 2031 are presented in our report's 104 Pages and Tables. The market is anticipated to expand at a magnificent Compound Annual Growth Rate (CAGR) during the forecast period
Find.report below

Precision Reports – Worldwide Market Research Report, Analysis & Consulting Precision Reports is the leading player in the market research industry, with having top publishers reports which help decision-makers in their business-related planning.

The CYBERSECURITY MADE IN EUROPE Label has been initiated with the aim to raise awareness of the value of cybersecurity companies originating in Europe and developing their business based on trustworthy European values.

Cybersecurity Label – Cybersecurity Made In Europe CYBERSECURITY MADE IN EUROPE A new marketing tool to promote European cybersecurity companies and increase their visibility on the European and on the global market. Founded by ECSO, driven by the European cybersecurity community Being European The CYBERSECURITY MADE IN EUROPE Label has been initi...

Meet Cicero, a new gamechanger ?
More disruptive than ChatGPT ?
Cicero is an AI technology that may have a significant impact on the work of lawyers, change managers, lobbyists, criminologists, ...

AI learns the art of Diplomacy Meta’s algorithm tackles both language and strategy in a classic board game that involves negotiation

Learn +100 advanced cybersecurity courses online

Diamond Membership - Learn 100+ Advanced Cyber Security Courses (Access Entire Portal for Life Time) With the Lifetime Membership, you will get complete all-in-one Cybersecurity training and then progress to learn advanced levels of technologies, the course transforms your skills and it encompasses a very broad area. All the courses are handled by highly skilled instructors. These courses will help...

Another day, another series of cryptocurrency scams… 16 multi million investment scammers busted in four country europol raid.

Multi-million investment scammers busted in four-country Europol raid 216 questioned, 15 arrested, 4 fake call centres searched, millions seized…

Google has removed more than a dozen apps from its Play Store after learning they contained malicious code which was harvesting people's locations, phone numbers, and email addresses.

Google removes apps for secretly copying phone numbers More than a dozen apps were taken out of its Play Store for harvesting users' phone numbers.

ebay introduces escrow service in luxury watch sales.
In 2020 close to 8 million luxury watches were listed on eBay, of which 200,000 were sold. As consumers expand their investment opportunities, platforms like eBay are trying to enhance the consumer experience by launching programs like the Authenticity Guarantee program; where each watch priced over US$2,000 is physically checked by an expert. As the company intends to expand its offerings, they have now introduced an escrow service for luxury watches to enhance consumer trust in high-end digital shopping.
https://www.thediamondloupe.com/technology/2021-04-30/ebay-introduces-escrow-service-luxury-watch-sales

What steps do you take to protect your business critical applications? What would happen in the instance your business critical system fails or is interrupted ?
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