.Convergent Quantitative Cyber Risk Assessment to Optimize Enterprise Reliability will be the theme of our paper at CIM 2018 conference. Reportedly KPMG’s Toronto office produced a text entitled “Insights Into Mining” stating that mining companies “may be” underestimating the risk of cyberattacks. Indeed they consider this risk will increase as more companies embrace mining automation, IoT, etc. The report also emphasizes that mining executives believe based, like usual, on “feeling and perceptions” that innovation and the risk of disruption are…
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Internet of Things, IoT paves way to sustainable mitigation once data transmission is wireless and sensors are ubiquitous. Based on recent experiences, there are no limits to the spaces and devices that could be instrumented in a mine. The information provided this way offer numerous ways to optimize mining operations and additionally to understand how operational risks evolve. During the implementation and deployment of such an application, it is possible to mix-and-match: Internet of things (IoT), discrete sensor and monitoring reporting,…
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Recently a client called us in to help determine the criticality of each element (division) of their business. They had developed a qualitative and indexed approach (FMEA/PIG risk matrix style). However they realized it neither yielded enough specific high quality information nor allowed sensible and informed decisions. We analyzed their system and found that the 80-20% rule in Risk Management practice: a way out of the overwhelming syndrome was true. More specifically they had difficulties in: Defining the appropriate level…
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