ISO 27001 is the most popular internationally recognized standard for managing information security. Its creation was a joint effort between the International Organization for Standardization (ISO), and the International Electrotechnical Commission (IEC) - this is why the framework is also referred to as ISO/IEC 27001. ISO 27001 can also be implemented into a Third-Party Risk Management program.
At SecurityScorecard, we believe that making the world a safer place means transforming how organizations view cybersecurity. For us, this means that companies must take a holistic approach, protecting systems not just from the inside, but also knowing what an organization’s vulnerabilities look like from the outside-in to see what the hackers are seeing.
The possibility of a data breach at your organization can be anxiety-inducing. According to the Ponemon Institute, the average cost of a data breach is $3.61 million, and it’s on the rise; the average data breach cost is up 10% over last year and remote work is a contributing factor: Ponemon found that breaches caused by remote work were $1.07 million more expensive than those that weren’t. This may have your organization wondering if you’re protecting your data in every way you can.
While business partnerships require trust, security requires verification. In a world where business relies on data security, vendor risk management is mission-critical to financial success. Organizations rely on vendor security assessment questionnaires as part of their due diligence processes. However, manual questionnaire processes are burdensome and time-consuming, so many organizations are turning to automation to reduce operational costs.
Every business has a set of rules and regulations that it must uphold. To maintain compliance, businesses must adhere to the regulations and laws specific to their industry. The problem is, these regulations are constantly changing, and failure to stay up-to-date can lead to serious financial strains and damage to company reputation. Let’s explore how effective compliance management can ensure the continuity and security of your organization.
Artificial intelligence (AI) is reinventing the trajectory of cybersecurity and fighting with a double-edged sword. If harnessed correctly, AI can automatically generate alerts for emerging threats, detect new types of malware, and protect sensitive data. While it has advanced us into a plethora of new technologies -- think Siri, facial recognition, and Google’s search engine -- it has also probed us with significant threats from cybercriminals.
In this blog post, ProcessUnity, the leading provider of Vendor Risk Management software and Cybersecurity Program Management software, covers key strategies for addressing third-party cyber risk. Modern cybersecurity programs need to evolve rapidly to navigate new challenges, such as the COVID-19 pandemic and high-profile cyber attacks.
Risks are a part of everyday life. No matter what decision we take, we always weigh the pros and cons. This core element of our daily lives is risk assessment. When it comes to cybersecurity, risks are omnipresent. Whether it is a bank dealing with financial transactions or medical providers handling the personal data of patients, cybersecurity threats are unavoidable. The only way to efficiently combat these threats is to understand them.
