Digital risks are a big issue for today’s society. Digital risks can be anything from stealing sensitive information to exposing your own personal information to the public. This is why an understanding of the digital risk management process helps businesses to identify and protect themselves.

You’ve seen suspicious ads. Some were obvious — ads that claim your browser is infected with malware and you need to click immediately to remedy the situation — but likely, some weren’t obvious at all. They just looked like regular ads, and might have appeared on a site you trust. You didn’t know it (and hopefully didn’t click) but some of the ads you see regularly are malvertising.

This past year was a banner year for cybercriminals. By the end of September, the Identity Theft Resource Center (ITCR) reported that the number of breaches that had taken place over the first three quarters of 2021 had exceeded the total number of breaches in 2020.

Third-party technology providers can confer huge strategic advantages to a business. It allows each organization to focus on their highest value activities, but there’s a downside; new cyber security risks come with each partnership. Third-party risk is now an integral part of business ecosystems. A solid risk management framework is required to manage risk and keep you and your customers safe.

Last week one of the country’s top banking regulators published its semi-annual report on risks to the financial system, and to no surprise cybersecurity risk was near the top. The more one ponders the findings, however, the more you can see insights about cybersecurity, internal control, and innovation that are worth the time of a compliance professional in any sector.

Risk management doesn’t belong to one person or department at an organization. It’s a shared effort—partly because it touches on multiple roles at a company and partly because it is a massive and complex undertaking. Successful CISO’s use risk management visualization and reporting to provide a clear and easy way to understand the value of their security program.

A digital security risk is any action or event that could cause loss of or damage to computer software, hardware, data, processing capability, or information. Digital risk management is an organization’s effort to keep such risks at acceptable levels. It’s crucial to understand that a risk is not the same as vulnerability. A risk is any event that could lead to an undesired outcome or loss. A vulnerability, on the other hand, is a weakness that can be exploited.

Cyberattacks are constantly evolving as criminals discover new ways to crack strong networks or automate attacks to target vulnerable systems. Nowadays, it seems as if cyberattacks are everywhere you look. In 2021, we faced many new attack vectors as the shift to remote work challenged traditional work operations, and we are likely to see those continue well into 2022.

There's little question that you've already heard about the recently discovered security flaw related to Log4j, a widely used Java library for logging error messages in applications. The vulnerability enables a threat actor to remotely execute commands via remote code execution (RCE) on nearly any machine using Log4j. But it's also important to cut through all of the noise to truly understand the implications of the Log4j and what organizations can do to combat it.

Cyber threats are everywhere, regardless of your organization’s size or industry. Businesses today must adopt a systematic, disciplined cybersecurity plan to secure vital infrastructure and information systems — that is, a cybersecurity framework. Cybersecurity risk management encompasses identifying, analyzing, assessing, and addressing cybersecurity threats to your organization. In this sense, the first part of any cyber risk management program is a cybersecurity risk assessment.

Holiday shopping is right around the corner, but unfortunately, Black Friday isn’t just an opportunity for shoppers and retailers — it’s also an opportunity for cybercriminals. While criminals have always been attracted by the money that changes hands on Black Friday, the last couple of years have been a magnet for cyber attacks. The pandemic means that more people than ever shopped online in 2020 — with shoppers spending $14.13 billion online last year on Black Friday.

Security ratings are becoming a crucial component of every security operations center (SOC). Security analysts must learn how to read, analyze and report security ratings to the CISO effectively in order to help build an enterprise-wide culture of security. Here we outline how analysts can develop a successful security operations center that leverages ratings to evaluate and mitigate cyber risk.

Who would hate the quick and easily applicable way to create application software? How is it even possible? Doesn't application development demand countless planning, design, testing, and most crucial thing, codes? Well, there was a time when it was required, but now, the low-code development approach helps enterprises build an app with little to no code. Sounds fantastic, right? The low-code development expedites business results and empowers them by speeding up the development of new applications.

Effective software supply chain risk management requires security measures throughout the entire supply chain. Risk management is a well-understood part of business. Personified, risk management would be a dusty, gray man with a gray beard who asks questions that make you uncomfortable. Risk management is about understanding threats to your business and figuring out how you will deal with them.

With every passing day, businesses become more entwined in an ecosystem of partners, vendors, and suppliers in global markets. A local natural disaster, for example, can have far-reaching consequences throughout a global supply chain; so controlling, recognizing, and mitigating risks is critical to a company’s business continuity and financial stability.

E-commerce is a huge commercial realm, with some 2.14 billion digital buyers worldwide by the end of 2021. At the heart of e-commerce is the ability to keep payment card data secure during online transactions, and at the heart of payment card security is PCI compliance. Technically PCI compliance is not required by law, but it has been considered mandatory in court rulings, and credit card companies require it for merchants to process online transactions.

Cybercriminals are continuously finding new ways to steal sensitive information. Having robust network security measures in place is now more important than ever — and network authentication is part of the solution. There are various authentication technologies available that can add an extra layer of protection to prevent security lapses, and each one offers a unique solution. This post will highlight the most common methods for network authentication and answer the following questions.

Risk is inescapable. However careful your company might be, it cannot experience growth without accepting a certain amount of risk. The key to a successful risk management program is to prepare for risk as thoroughly and efficiently as possible. This includes regular risk assessments to understand which risks should be prioritized and how best to prevent any potential losses.

Earlier today, a serious flaw was discovered in the widely used Java logging library Apache Log4j. The vulnerability, ‘Log4Shell,’ was first identified by users of a popular Minecraft forum and was apparently disclosed to the Apache Foundation by Alibaba Cloud security researchers on Nov. 24, 2021. The vulnerability has the potential to allow unauthenticated remote code execution (RCE) on nearly any machine using Log4j.

Mergers and acquisitions are high-risk endeavors, sometimes with billions of dollars and corporate reputations at stake. But one way to help lessen the danger is by conducting a thorough cybersecurity review during the due diligence process. The consulting and professional services team at Trustwave works closely with firms across the globe undertaking M&A deals of all sizes.

According to the recent Verizon Data Breach Investigations report, 45% of breaches featured hacking in 2020. With high-value information such as user credentials and credit card information being stored on personal devices and transmitted freely online, hacking techniques have evolved to become more sophisticated than ever before.

‍Cybersecurity breaches have been on the rise, and it's expected that by 2023, they'll have grown to 15.4 million. While technological advancements have made it easy for organizations to upgrade their security measures, malicious hackers are now using sophisticated tools. This means that in addition to implementing strict cybersecurity policies, you also have to take proactive measures to reduce your cybersecurity risks.

The modern enterprise network is a complex, highly connected ecosystem of hardware, software, services, communication protocols, virtual resources, and people; who all work together to support business operations. IT networks are now the backbones of organizations everywhere, so cyberattacks aimed at breaking down network security are a huge threat for companies and stakeholders.

With the sharp increase in remote working worldwide, companies have endured a proliferation of cybersecurity risks — and, consequently, increased their spending to protect stakeholders. One factor that influences the level of corporate cybersecurity, and your effectiveness in mitigating cybersecurity threats, is the proper deployment of reactive and proactive cybersecurity measures.

Key risk indicators are important for every business. And while “KRIs” vary from one industry to the next — for example, what’s important for agribusiness is different from what’s important for pharmaceutical firms — no matter what the KRIs look like, they’re all instrumental for managing operational risk. Think of a key risk indicator as a pressure gauge measuring the amount of some risk your company has.

The U.S. Federal Government needs to improve its information security risk management policies to keep pace with the dynamic threats to Federal networks and supply chains.

According to recent research, 92 percent of large organizations use more than one cloud. The report also predicts that by the end of 2021, 55 percent of enterprise workloads will rely on a public cloud. Clearly cloud adoption is expanding, and will continue to do so into the future. Despite its prevalence, cloud computing can be a confusing concept.

Before this particular bit of news sails downstream, internal control professionals might want to note that an SEC commissioner spoke this week about the importance of internal controls for cybersecurity. She raised a few points worth considering. The remarks came from Caroline Crenshaw, a Democratic appointee to the Securities and Exchange Commission who, in my opinion, is something of a stalking horse for SEC policy.

NIST is the abbreviated name of the National Institute of Standards and Technology. It’s one of many federal agencies under the U.S. Department of Commerce, and is one of the oldest physical science laboratories in the United States. The agency develops technology and security policies that help drive innovation in science and technology-related industries; and better prepares those industries to meet the requirements of the Federal Information Security Management Act (FISMA).