Cybersecurity isn’t easy in any industry, but it is perhaps most challenging for the banking, financial services, and insurance (BFSI) sector. Financial institutions are highly digitized and have large, complex IT infrastructures with many environments and assets to protect. At the same time, these enterprises are highly targeted by threat actors, leading to a constant barrage of attacks to detect and disrupt.

These four words are all too familiar to most CISOs and Risk Managers. In fact, nearly 70% of cybersecurity practitioners and decision-makers feel that their organization doesn’t have enough security staff to be effective, found a recent Cybersecurity Workforce Study.1 Infosec and cyber risk management teams are usually small, stretched thin and overwhelmed with work.

Being part of a governance, risk, and compliance (GRC) team is no easy task, as you have to stay on top of evolving expectations and laws, while connecting different business units together in a way that makes sense to other stakeholders. One area that’s been particularly tough to manage recently has been cybersecurity. From new data security standards to heightened risks around areas like ransomware, GRC teams have their hands full.

The recent collapse of Silicon Valley Bank (SVB) has sent shockwaves through the tech industry, prompting many individuals and companies to move their bank accounts to other financial institutions. However, in the midst of this turmoil, cybercriminals are poised to take advantage of people’s fears and concerns. If you’re planning to move your bank account or have already done so, it’s important to be aware of the security risks associated with this process.

In early March, the SANS Institute, whose mission is to empower cybersecurity professionals with the practical skills and knowledge to make the world a safer place, shared some insightful findings based on their survey on ransomware and malware intrusions in 2022. The survey included participants in various roles and industries from organizations worldwide of all sizes. “In this survey, we wanted to understand what the past year looked like for our respondents.

You’ve just sat down to start your work day and you’re going through your emails, hot cup of coffee in hand. You see an email from your company’s IT department telling you to install an update ASAP. As soon as you click the link in the email, you realize you probably should have checked with IT first.

Legal authorities and the general public typically hold organizations accountable for any harm caused during their daily operations. The expectation is that leaders of those organizations have considered the potential harms that might happen, and implemented reasonable precautions to reduce or eliminate the risks. This is known as the “DoCRA standard.”

In today’s interconnected world, it’s easy for organizational leaders to see a security incident on the news and question if they could be next. Security is often top of mind but rarely a strategic priority, leaving many CISOs struggling to communicate how to reduce risk to the board. And the latest risk management trends could present new challenges for security leaders. How can you overcome them?

Today we are going to keep looking at artificial intelligence and how corporations can get ahead of the risks thereof. Our previous post on AI was primarily a list of potential risks that could run rings around your company if you’re not careful; so what steps can the board and senior executives take to prevent all that? Well, first things first. AI is a new technology.