Vendor criticality is the level of risk that vendors are categorized into during the risk assessment phase. Determining vendor criticality is an essential part of the third-party risk management (TPRM) program to help organizations better prioritize their risk remediation goals. As part of the vendor risk assessment and vendor due diligence process, understanding the risk criticality levels of each vendor plays a huge role in preventing data breaches from occurring.

Over the past few years, IT companies adopted IoT, wireless and hybrid networks to stay competitive and to meet the demands of their clients. Among these networks, wireless networks are the most common and the most vulnerable to cyberattacks as hackers constantly try to penetrate them. A cyberattack is initiated by planting a rogue device in your organization’s network.

Unfortunately, for LastPass and its users, this nightmare became a reality in August 2022 when a developer account was compromised. This led to a series of events that ultimately led to the exposure of sensitive customer data. A hacker exploited an employee to access the company’s data. But get this: the hacker exploited a three-year-old vulnerability that wasn’t patched. That’s like leaving your front door wide open for three years and being surprised when a burglar walks right in!

With warm and sunny weather expected all week, a bunch of the Salt team is thrilled to be at RSA in San Francisco! We’ll get the chance to talk with security leaders about why API security has become a priority project, and we’ll get time to catch up with customers and each other. It’ll be a great week!

We’re thrilled to share that Cyber Defense Magazine has once again awarded WatchGuard with seven wins at this year’s Global InfoSec Awards! The judges of this coveted awards program selected the 2023 winners based on three key areas of excellence including nominees’ understanding of tomorrow’s threats, today, provision of cost-effective solutions, and innovation in new and novel ways that help to better mitigate cyber risk and stay ahead of the next breach.

Cyber attacks have become inevitable. According to research from Rubrik Zero Labs, 99% of IT and Security leaders were made aware of a cyberattack against their organization in 2022 with an average of 52 cyberattacks in this category. On top of that, 96% of IT and Security leaders are concerned they will be unable to maintain business continuity if they experience a cyberattack this year.

Cybersecurity has become a top-of-mind concern for many C-level executives and board members. Data breaches are a daily occurrence and carry a hefty — and growing — price tag averaging $4.35 million worldwide, according to the latest Cost of a Data Breach report. However, this is only one of several potential cybersecurity risks that an organization can face.