The traditional enterprise risk model is a thing of the past. Cybersecurity risk cascades into almost every part of an organization, triggering legal fallout, technology risk, compliance issues, and more. Bottom line, third-party cyber risk is a material business risk. A recent report found that 80% of organizations experienced at least one data breach caused by a third party last year.

SecurityScorecard is proud to announce that it has achieved the Ready Designation under the Federal Risk and Authorization Management Program (FedRAMP). This designation demonstrates SecurityScorecard’s commitment to the rigorous security standards required by the U.S. government for cloud service providers, and it will enable the company to meet growing demand from U.S. federal agencies for its Third-Party Cyber Risk Management Platform. U.S.

In late August, Microsoft published its analysis of espionage activity tied to a new threat actor group called Flax Typhoon, which is believed to operate on behalf of the People’s Republic of China (PRC). The group mainly targets Taiwanese critical infrastructure, including: government, education, manufacturing, and information technology sectors.

With the average cost of a data breach now at $4.35 million, it’s time for organizations to take proactive measures to protect themselves against cyber threats. By conducting thorough security testing, organizations can gain a deeper understanding of their security posture and make informed decisions about where to allocate their resources to improve their overall cybersecurity readiness.

Last week, I had the opportunity to moderate a panel at the NACD Summit, where I was joined by: Deven Sharma, Former President at S&P; John Katko, Former Member of U.S. House of Representatives; and Aaron Hughes, CISO at Albertsons. The National Association of Corporate Directors (NACD) holds its summit annually to empower directors and transform boards to be future ready. Our panel discussion focused on how board members can strategically oversee their organizations’ cybersecurity resilience.

Zero-days are out there. Lurking just under the surface, waiting for the right moment to strike. A security team can do everything right and still experience a zero-day attack in its supply chain. And with innumerable configurations, devices, and platforms that can be exploited, zero-day exploits are becoming more common than ever.

In a world where AI is everywhere, cybersecurity regulations are on the rise, and cyber insurance is booming, we need standardized metrics for cybersecurity. Remember, you can’t manage what you can’t measure. A recent report by SecurityScorecard and the Cyentia Institute discovered a startling fact: 98% of organizations have a third party with a breach in the last two years. In cybersecurity, metrics matter; knowing how to communicate and report on metrics is essential.

Staying ahead of cyberattacks and strengthening your organization’s defenses doesn’t happen overnight and can be hard to accomplish without the right tools and cyber strategies. SecurityScorecard’s Threat Intelligence team hosted a webinar that highlights the importance of threat exposure management, its latest trends, and how to implement this framework into an organization’s cybersecurity plan.

The world around us is often a reflection of who we are and what we value. The same can be said for businesses. It’s no longer enough to be resilient, trustworthy, and secure your own organization; the companies you do business with need to meet these same standards.