ESCOWSURE Blog
The Latest International Developments in Software Escrow
Keep up to date with the latest software escrow information for protecting business using on-premise and cloud hosted applications.
Your Vital Business Lifeline: How Software Escrow Protects Your Operations
The financial services industry is no stranger to risk. Every day, you deal with a complex array of regulations, cybersecurity threats, and operational challenges. Amidst all this, the software you rely on – often from third-party vendors – is a crucial lifeline, but...
Protecting IP in South Africa’s Energy Transition
IP protection is a critical need for Risk Managers. South Africa is on the brink of a significant energy shift. With Minister Kgosientsho Ramokgopa leading the newly created Ministry of Energy and Electricity, the country is poised to accelerate its transition to...
How software resilience and cybersecurity protect the vulnerable
Software resilience isn't just about protecting data and IP – it's about protecting the most vulnerable members of our society. The recent IT incident at the Department of Justice and Constitutional Development (DOJ&CD) serves as a stark reminder: protecting...
How to Ensure Business Security and Resilience: Safeguard Cloud-Hosted Applications with Escrow
Corporate businesses are increasingly transitioning their operations to the cloud, the Software-as-a-Service (SaaS) industry is poised for remarkable growth, with projections by Gartner indicating a substantial surge in value worldwide. Yet, amidst this rapid...
IT Governance, Regulations, and Compliance: How to Mitigate Risk in 2024
In the dynamic landscape of today's business environment, the reliance on third-party partnerships and outsourced IT solutions has become more prevalent than ever. As organisations embrace these collaborations, the risks to business continuity have also grown,...
How software developers and fintech startups can approach more blue chip corporates
While South Africa’s economy may be a bit shaky right now, many fintech and software startups have their sights set firmly on landing large corporate clients in 2024, both at home in South Africa, and abroad. However, to attract corporate clients, it is not enough to...
Migrated your business-critical software to the cloud?
If you have moved your software to the cloud, it does not de-risk your dependence on third-party software vendors. Rather, with cloud hosted software the risks and dependencies are increased, and a little more complex. We need to understand what these risks are in...
GBP56 million fine, and what it means for SA businesses
When the Risk Manager of RBS arrived at work, he couldn’t have known that at 3pm he would be plunged into the worst nightmare of his career. When a system’s upgrade went wrong, staff tried to return to the original system, which failed. He had a back-up of course, but...
Keep calm and manage your IT Risk
"There is a joke doing the rounds about who was responsible for initiating your digital transformation, the CEO, CIO, CTO or COVID-19?" Today in Futurewave Business IT (23 April 2020) The reality is that suppliers of outsourced IT solutions represent significant risk...
Twitter Loses its Source Code
A leak of sensitive source code poses a serious security risk, as it provides valuable information to hackers and malicious actors who may attempt to exploit vulnerabilities in the code. It is therefore important for companies like Twitter to take steps to secure...
Global Insolvencies: Mitigate IT Risk with SaaS Escrow
If your business relies on SaaS hosted applications or if it licenses software from a developer, now is the time to consider putting a software escrow agreement in place to ensure the business can keep trading if your IT service provider is declared insolvent or...
Reserve Bank of India (RBI) New Master Directions on IT Governance
On the 24th October 2022, Regulation Asia published new requirements for regulated entities to obtain source code from vendors for critical applications or ensure a software escrow agreement is in place.On the 24th October 2022, Regulation Asia published new...
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