Not too long ago, “risk management” was considered mainly an insurance term. The risks a business might incur covered a fairly small and discrete range of scenarios, including the following: The times have changed, however, and so have risks. With the advent of the digital age come a plethora of new risks as well as an increase in the complexity of existing ones.
The novel coronavirus isn’t the only plague affecting businesses. Cyberattacks are spreading, too, as malicious actors take advantage of interest in COVID-19 news and coronavirus fears to trick people into clicking on phony links and attachments in social engineering and phishing scams. The U.S.
The healthcare industry possesses the crown jewels that the bulk of attackers are after: Personally Identifiable Information (PII). Data has become the new currency in the digital underground, consisting primarily of social security numbers, credit card information, health information, and passwords.
As COVID-19 continues to spread worldwide, not only disrupting health and life but also business continuity up and down the supply chain, economic and cyber risk have taken on pandemic proportions, as well. Many enterprises are struggling just to keep essential services functioning as they send employees home to work with new, hastily procured technologies. At the same time, they’re battling a surge in cybercrime by threat actors seeking to take advantage of the chaos.
On May 29, 2019, the governor of Nevada signed into law Senate Bill 220, a new consumer privacy law. The new privacy law amended Nevada’s existing 2017 online privacy law. Effective October 1, 2019, the new privacy gives consumers the right to opt-out of the sale of their personal information.
In today’s constantly evolving cybersecurity threat landscape, you have to do everything possible and then some to protect your critical data assets. Performing a vulnerability assessment and implementing a vulnerability management program can help your organization effectively deal with cybersecurity vulnerabilities. However, it’s important to understand the difference between vulnerability assessment and vulnerability management.
COVID-19 has us reeling from health, social, and economic shocks, but this isn’t our first global crisis. It is, however, the first in which cybercrime plays a starring role. The world has faced several pandemics in the past 100 years—several influenza pandemics including swine flu (H1N1) and Avian, or bird, flu, and HIV/AIDS—as well as economic depression and a number of recessions.
An FCPA compliance program checklist outlines the things an American company needs to check when it wants to do business in a foreign country to ensure it follows the guidelines of the U.S Foreign Corrupt Practices Act (FCPA) of 1977. The FCPA is a federal law that aims to prevent all U.S. companies and their officers, directors, employees, and agents from making corrupt payments to foreign government officials to retain or obtain business.
Cyber attacks, misconfiguration, and data leaks are more common than ever before, as are cybercriminals. Our news cycle is full of first and third-party data breaches that expose the protected health information (PHI) and personally identifiable information (PII) of thousands or even hundreds of millions of people. Not only are data breaches more common, but they're also more costly. The average cost of a data breach is now nearly $4 million globally.
The average cost of a data breach is now nearly $4 million, and the unfortunate truth is third-parties are a significant source of cyber risk. These increasing costs are why cybersecurity vendor risk management (VRM) is a top priority for CISOs, Vice Presidents of Security, and other members of senior management, even at the Board level. In addition to financial costs, regulatory and reputational costs are increasing.
