Risk. It’s more than just an infuriating board game from your childhood. And when identity risk is involved in your cybersecurity landscape – and it will be involved, since identity is one of the most easily accessible and most frequently attacked facets of your IT environment – the potential consequences of its compromise extend well beyond losing control of a fantasy continent on a game board.

In January 2023, the European Commission (EC) released an updated version of the European Union (EU) Network and Information Security Directive (NIS2) to strengthen cybersecurity risk management across Europe’s essential services. NIS2 updates the original NIS directive and focuses more on regulations for cloud infrastructure, internet exchanges, domain service providers, and digital service providers.

The Critical Entities Resilience (CER) Directive is a new initiative in the EU that aims to ensure that critical entities providing essential services are effectively managing their network and information security. The CER Directive is part of the EU’s latest effort to build stronger cyber resilience across Europe, alongside NIS2 and the EU Cyber Resilience Act.

The Connecticut State Government signed the Connecticut Data Privacy Act (CTDPA) into law on May 10, 2022, and the law became effective on July 1, 2023. The CTDPA joins the ranks of other US state privacy laws, like the California Consumer Privacy Act (CCPA) and the Colorado Privacy Act, providing Connecticut consumers with robust data privacy rights and protections.

The Oregon State Government passed Senate Bill 619, also known as the Oregon Consumer Privacy Act (OCPA), in July 2023. The OCPA will become effective on July 1, 2024, the same day the Texas Data Privacy and Security Act will also impose obligations on data controllers and processors. Oregon’s privacy legislation follows the structure of several other US data privacy laws, including the Colorado Privacy Act, the Virginia Consumer Data Protection Act, and the Montana Consumer Privacy Act.

The EU Digital Single Market Strategy (DSM Strategy) is a comprehensive initiative launched by the European Union to enhance Europe’s digital economy and maximise its growth potential across member states. The strategy includes evolving policies and specific initiatives aimed at the digitalisation of the European Union and adapting it to the rapidly changing digital ecosystem.

In July 2023, the U.S. Securities and Exchange Commission (SEC) announced new cybersecurity rules that require publicly traded companies in the U.S. to disclose material cybersecurity incidents within four business days of determining whether the incident is material to the company’s financial performance. SecurityScorecard recently hosted a webinar discussing the implications of the new rules and how compliance, security, and legal experts can elevate their game to meet these new regulations.

‍The power of an on-demand cyber risk quantification (CRQ) platform lies in its ability to harness an extensive amount of data, filter it, and consequently produce an objective assessment that offers key stakeholders an understanding of how likely their organization is to experience certain cyber events, along with the respective financial losses.

One of the biggest benefits that an exposure management program can afford a security program is the power of risk-informed prioritization. When security leaders think of tooling like attack surface management (ASM) platforms, the most evident prioritization benefits come in the day-to-day tactical decisions of which threats and which exposures to have SecOps practitioners tackle first.