Cybersecurity-Risk Management

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

The increasing prevalence and sophistication of cyberattacks, coupled with their significant financial ramifications, have pushed more organizations towards adopting cybersecurity insurance, as revealed by a survey conducted by Recast Software. The necessity for cyber insurance is recognized amid the challenges businesses face in meeting insurers' stringent requirements and … [Read more...] about Organizations are Embracing Cyber Insurance, But It’s Not Easy: Survey

The transition from traditional passwords to passkeys represents a significant shift in online security and convenience. The author shares their journey of dealing with cumbersome and numerous passwords, highlighting the common frustrations many face with password management. Introducing passkeys, which utilize public key cryptography to allow for more secure and … [Read more...] about I Stopped Using Passwords. It’s Great—and a Total Mess

The whitepaper on "Data Protection and Recovery: A Foundation to a Cyber Readiness Plan" emphasizes the growing sophistication of ransomware and malware attacks, which pose significant economic threats to businesses. The document highlights the need for a new approach to cybersecurity, particularly in protecting information management systems and data. It underscores the … [Read more...] about Data Protection and Recovery: A Foundation to a Cyber Readiness Plan

John P. Mello Jr.'s article discusses organizations' prevalent challenges in managing third-party cybersecurity risks and offers insights into developing an effective risk management program. According to a Gartner report, over 80% of organizations have encountered business disruptions due to third-party issues in the past two years, highlighting the importance yet difficulty … [Read more...] about Key reasons third-party risk management programs fail

This article by Mark Knowles discusses the complexities and challenges of managing cybersecurity risks in today's digital environment. The article acknowledges the increasing difficulty of maintaining secure and compliant architectures and systems. Cybersecurity consultant Dave Hatter highlights how digitizing business and personal information has amplified risks. The … [Read more...] about Cybersecurity Risk Management: Frameworks, Plans, & Best Practices

This article from QASource highlights the critical importance of security in the rapidly growing Internet of Things (IoT) market. With projections indicating significant growth in the IoT sector, the need for comprehensive security measures to protect data and services managed by IoT devices has become paramount. The article emphasizes the complexities of IoT architectures, … [Read more...] about Security Assessment for an IoT-Based System

IBM Security's 2023 Cost of a Data Breach Report provides critical insights for IT, risk management, and security leaders. The report analyzed data from 553 organizations across 16 countries and regions and 17 industries that experienced data breaches between March 2022 and March 2023. This year's report introduces new areas of exploration, including how breaches are … [Read more...] about IBM’s Cost of a Data Breach Report 2023 finds the average cost of a data breach at $4.45 million

This article by Brian Hengesbaugh delves into the complex global legal challenges companies face during cybersecurity investigations, particularly in the context of global ransomware and cyberattacks. Drawing an analogy to the fears expressed in "The Wizard of Oz," the article underscores how companies grapple with varied and sometimes conflicting legal obligations across … [Read more...] about “Lions and tigers and bears, oh my!” Global legal risks in cybersecurity investigations