Cyber Attack, Green Asset Ratios, Data Breach Investigations, Value of Data, Earth Observation, and Employee Retention

This week, we begin with an article about the ransomware attack on the Colonial Pipeline and the need for a global regulatory system to deal with cyberattacks. Next, we have a piece that discusses how the EU’s Corporate Sustainability Reporting Directive (CSRD), which governs how businesses disclose sustainability data, would assist banks in calculating Green Asset Ratios. The following article is based on Verizon’s 2021 data breach investigations report, which indicates that phishing and ransomware attacks increased significantly during the pandemic. Following that, we have an article on the importance of good data and how it can help businesses make better decisions and personalize customer experiences. Next is a piece on the importance of open data policies that promote free and open access to earth observation data and ensure that all states have access to satellite imagery. Finally, we have an article on how modern data collection technologies and innovative approaches to identifying and retaining employees are defining companies.

The Colonial Pipeline cyber attack is a warning of worse to come

The cyber attack on Colonial Pipeline, which transports 45 per cent of oil consumed on the east coast of the US, should be the event that finally wakes everyone up. Motorists queued to fill up with gas; the price of fuel started rocketing and President Joe Biden announced a temporary state of emergency.

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EU Sustainability Data to Help Banks Compute Green Asset Ratios

The EU’s Corporate Sustainability Reporting Directive (CSRD) on how companies disclose sustainability data should help banks to calculate their own sustainability metrics, including Green Asset Ratios (GARs), Fitch Ratings says in a new report. We expect the CSRD to help banks to access the detailed information that they will need from their borrowers and investee companies to calculate their GARs.

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Cybercrime thrives during pandemic: Verizon 2021 Data Breach Investigations Report

The Verizon Business 2021 Data Breach Investigations Report (2021 DBIR) examines more breaches than ever before, and sheds light on how the most common forms of cyber attacks affected the international security landscape during the global pandemic. This year’s report saw 5,258 breaches from 83 contributors across the globe, a third more breaches analyzed than last year.

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The value of good data

Good data translates into a good customer experience. The more you know about your customers, the better you are at giving them the experience they expect. It has become an invaluable business asset, guiding human decision-making and powering artificial intelligence.

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The World Below: The need for free and open data in Earth observation activities

With President Joe Biden in the Oval Office, the United States is set to re-establish its global influence on environmental and climate studies for the coming years. The renewal of the country’s participation in the Paris Agreement is among the clearest examples of the distancing of the Biden administration from former President Donald Trump’s approach to the subject. This newfound focus should result in increasing investments into space-based Earth observation activities, mostly carried out by the National Oceanic and Atmospheric Administration (NOAA), as well as private actors.

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A Data-Driven Approach to Identifying — and Retaining — Top Employees

The so-called “war for talent,” bandied about in the media since it was coined by McKinsey & Company in 1997, is taking on a whole new meaning post-Covid. The competition to find and retain talent has only been exacerbated as workplaces have moved to virtual and hybrid configurations, held tenuously together by remote collaboration.

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