Cybersecurity-Risk Management

IT risk assessment frameworks are critical tools that enable organizations to systematically evaluate and mitigate risks tied to their technology infrastructure, ensuring cybersecurity and compliance. These frameworks are designed to address specific aspects of IT risk, such as data breaches, outages, and regulatory violations, by providing a structured methodology to identify, … [Read more...] about 6 IT risk assessment frameworks compared

Third-party risk management (TPRM) in IT security is the process of identifying, assessing, and mitigating potential security threats posed by external vendors or partners who have access to an organization’s data or systems. TPRM aims to protect against vulnerabilities introduced by third-party interactions, such as data breaches or compliance failures, by evaluating each … [Read more...] about 5 Ways to Simplify and Speed Third-Party Risk Management Audits

Risk assessments are essential in cybersecurity, enabling organizations to identify, evaluate, and prioritize risks to prevent security breaches. This process begins by cataloging potential vulnerabilities and evaluating their likelihood and impact, giving organizations a clear view of where resources should be focused to minimize threats.This structured process offers insight … [Read more...] about Risk Assessments and Formal Process Development

Patch compliance refers to ensuring that all devices and systems within an organization are updated with the latest software patches to protect against security vulnerabilities. Unpatched software is a common entry point for cyberattacks, making patch management essential to cybersecurity best practices and regulatory compliance. As security regulations evolve, maintaining … [Read more...] about What Is Patch Compliance?

In recent years, the landscape of cybersecurity has shifted dramatically, with cyberattacks becoming more frequent and severe. This has led to a surge in demand for cybersecurity insurance as businesses seek ways to offset the risks associated with potential cyber incidents. Cyber insurance, once a niche offering, has become a critical component of many organizations' risk … [Read more...] about What to Know About Cybersecurity Insurance and Who Needs It

Sensitive personal data refers to a particular category of personal information that, due to its nature, demands additional protection under the GDPR. This type of data includes details about an individual’s racial or ethnic origin, political opinions, religious beliefs, trade union membership, genetic data, biometric data used for identification, and health data. The GDPR … [Read more...] about What Is Sensitive Personal Data? Examples and Data Protection (GDPR) context

Vendor risk assessments are vital for maintaining cybersecurity and overall risk management when engaging with third-party vendors. These assessments help identify and mitigate risks related to cybersecurity, data privacy, compliance, operational, financial, and reputational areas throughout the vendor lifecycle. Conducting thorough assessments ensures that potential risks are … [Read more...] about Vendor Risk Assessment: The Definitive Guide

The CIS Critical Security Controls (CIS Controls) offer a simplified, prioritized set of best practices to enhance an organization's cybersecurity posture. Developed through a community consensus process involving thousands of cybersecurity practitioners worldwide, the CIS Controls provide actionable recommendations to protect against today's top threats. The latest version, … [Read more...] about Center for Internet Security (CIS) Releases Critical Security Controls Navigator

Legacy systems, commonly found in critical national infrastructure (CNI), present significant security risks due to outdated components and unpatched vulnerabilities. This makes them prime targets for cybercriminals. For instance, the UK’s Ministry of Defence and the NHS still operate many legacy systems susceptible to attacks, increasing the risk of severe disruptions.Patching … [Read more...] about Legacy Systems: Learning From Past Mistakes

The 2024 IT Risk and Compliance Benchmark Report highlights significant changes in how organizations handle risk and compliance management. While more companies are integrating risk and compliance activities, a notable 49% still face difficulties identifying and prioritizing critical risks. This underscores the ongoing challenges in optimizing workflows to manage IT risks … [Read more...] about Hyperproof 2024 IT Risk and Compliance Benchmark Report

The 2024 Cybersecurity Forecast highlights the increasing complexity of managing cybersecurity due to the growing integration of cloud technologies and AI in corporate infrastructure. Organizations are grappling with sophisticated threats, including AI-driven tactics, which pose new challenges and risks. The financial stakes remain high, with the costs associated with data … [Read more...] about Bitdefender 2024 Cybersecurity Assessment Report

The IT landscape has evolved dramatically, from when centralized software was securely locked away in an office to today's complex ecosystem with numerous devices, software applications, digital assets, and diverse personnel. This shift has created a complicated IT risk landscape, where unmitigated risks can significantly impact business finances, functionality, morale, and … [Read more...] about Vulnerability and risk management: How to simplify the process

In order to balance the need between user protection and innovation, a software liability system should address the contextual nature of software security, reduce litigation costs, and incentivize security improvements. A workable liability standard should include a rules-based floor and a process-based safe harbor, as current secure software development frameworks lack … [Read more...] about Needed Standards for Software Liability: Focus on the Product for Liability, Focus on the Process for Safe Harbor

Effective cyber risk management is essential for regulatory compliance and minimizing the impact and frequency of cyber incidents. Many organizations are still not actively managing their cybersecurity postures, which involves continuous monitoring and adjustment rather than a "set and forget" approach.Cyber risk management uses business processes and technical controls to … [Read more...] about The Fundamentals of Cyber Risk Management

Cybersecurity has become a central concern for organizations worldwide, with a reported 48% increase in cyberattacks in 2023 compared to the previous year. This surge in cybercrime, expected to cost the global market an additional 5.7 trillion U.S. dollars by 2028, underscores the urgent need for effective cybersecurity measures. As cyber threats evolve in sophistication, from … [Read more...] about Cyber Risk Quantification Guide: Measurement & Mitigation

Integrating cybersecurity into governance, risk, and compliance (GRC) frameworks is becoming increasingly essential as organizations face evolving threats and stringent regulatory demands. Factors such as cloud adoption, hybrid workforces, and the widespread use of generative AI drive the need for comprehensive risk management that encompasses cybersecurity. This integration … [Read more...] about Why governance, risk, and compliance must be integrated with cybersecurity

The cyber risk landscape is evolving into a complex and dynamic challenge for organizations, which often struggle to allocate sufficient resources to effectively manage cyber risks without neglecting other critical business or operational needs. Effective cyber risk management programs are essential, relying heavily on the capability to precisely measure cyber risks to … [Read more...] about Understanding CyberRisk Quantification: A Buyer’s Guide

The 2024 Sophos Threat Report highlights the disproportionate impact of cybercrime on small businesses, particularly vulnerable due to limited cybersecurity investment and a lack of experienced security personnel. This vulnerability makes small businesses prime targets for cyberattacks, with potentially devastating consequences, including the possibility of being forced to … [Read more...] about Sophos: Over 75% of Cyber Incidents Target Small Businesses

A survey conducted by CyberRisk Alliance in January 2024 reveals that many IT security professionals are dissatisfied with the current levels of protection against unauthorized access, including governance issues. 74% of respondents were more concerned than a year ago, and only 27% were confident that their organizations provide users with the minimum necessary access.The … [Read more...] about Survey: IAM experts share best practices and lessons learned

Biometric authentication emerges as a powerful security measure for businesses to protect sensitive information and valuable assets amidst the growing cyber threats in the digital age. This method verifies individuals' identities using unique physical or behavioral characteristics, such as fingerprints, iris patterns, facial features, voice patterns, and typing patterns. … [Read more...] about Biometric Authentication in Business: Enhancing Security