From employee relations and risk management to cybersecurity and supply chains, business leaders must examine the effects of the Russian invasion of Ukraine. Learn more here:
, which has faced challenges of meeting demand, will suffer from a decrease in the availability of raw materials such as palladium and neon gas, much of which is sourced from Russia. Gas prices will rise amid a growing risk of stagflation, adding to inflationary pressures felt from grocery stores to server rooms. And of course, the threat of cyberattacks remains high worldwide.
Just as important, the Russian invasion of Ukraine will have a life-changing impact on many people in that region. Failure to act with a human-centric approach would risk people’s lives and could exacerbate potential mental health issues for you and your team, and affect . At all stages, seek to promote and prioritize actions that can support impacted staff within your organization, as well as your service providers.All levels of leadership have a role in this. Building and maintaining trust requires a concerted and consistent effort. The C-suite sets the tone with policy and procedures that address how the organization takes action in response to disruptions.
Executive leaders who make defensible, risk-informed choices are more likely to navigate their organizations with resilience, from response through recovery. The impulse to make hasty decisions in the face of crisis must be tempered with thoughtful considerations of reprioritization, divestment and strategic investment.
Rely on threat intelligence tailored for your organization, and watch for guidance from your government contacts. Expect attackers to leverage the situation as context for already-known attack techniques such as targeted phishing. Focus on what you can control. Increase awareness and vigilance to detect and prevent potential threats, but be mindful of the heightened stress and pressure your organization is feeling.
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