Third-party data breaches can happen at any time to any organization. This type of breach occurs when a vendor (or some other business partner) holding your company’s data suffers a breach, and your data is exposed. According to the Verizon 2022 Data Breach Investigations Report, 62 percent of all data breaches happen via third-party vendors.

There’s no such thing as one-size-fits-all cybersecurity. Every organization faces a unique set of security risks, and needs to take its own unique approach to cybersecurity risk assessment. Unfortunately, however, cybersecurity risk assessments aren’t easy to undertake, and getting started can be the most challenging part of your risk management strategy. To help, we’ll take you through the process step by step.

Every business decision involves an element of risk. Management’s job is to assess that level of risk as best as possible, and to weigh that risk correctly against the potential rewards. That risk-versus-reward equation is the basis for taking calculated risks, often referred to as your “risk-adjusted return on investment.” So how should an executive team approach this process?

Organizations today are at greater risk of a cyberattack than ever before, and that risk will only grow as new technologies keep emerging in the future. That means an ever greater need for cybersecurity risk management — that is, the process of identifying, analyzing, prioritizing, and mitigating your organization’s cybersecurity risks.

Security compliance management is that set of policies, procedures, and other internal controls that an organization uses to fulfill its regulatory requirements for data privacy and protection. Put another way, security compliance management is a subset of regulatory compliance management that specifically addresses data protection. Clearly security compliance management is important.

Businesses are more at risk of cyber attacks than ever before. Calculating that risk, however, can be a challenging task. In this post we will provide an overview of traditional calculation methods and explore the future of measuring cybersecurity risk: statistical analysis. The cost of a cyberattack can be painfully high, sometimes high enough to shut down business operations entirely.