Risk used to be a word thrown around as if it could be defined generally and, once defined, consistently applied to all business and technology use cases. This didn’t work out so well for customers, CISO’s, or vendors. Risk was a “four-letter-word” and it fell out of common use.

At a time when cyber attacks are achieving success in varying degrees and IT pros are keeping quiet about resulting breaches, there is one specific type of attack that has them most worried. Despite us all working in IT at a time where the sharing of threat data is at its highest, there is still the notion that organizations don’t want the public finding out about data breaches for fear of the repercussions to the company’s revenue and reputation.

The nature of an advanced artificial intelligence (AI) engine such as ChatGPT provides its users with an ability to use and misuse, potentially empowering both security teams and threat actors alike. I’ve previously covered examples of how ChatGPT and other AI engines like it can be used to craft believable business-related phishing emails, malicious code, and more for the threat actor.

Implementing adequate software supply chain security is a challenging feat in 2023. Attackers are becoming more sophisticated, and the growing complexity of modern applications makes them difficult to defend. We’re talking microservices, multi-cloud environments, and complex workflows — all moving at the speed of business. To address these challenges, the Snyk team organized two roundtable discussions, one held in North America and the other in EMEA.

When a major security event like SolarWinds or Log4j happens, how do you assess the impact across your third-party supply chain? Most organizations struggle to effectively react to zero day attacks and other critical vulnerabilities at scale, often following manual and cumbersome workflows. But our latest capability is here to change that.

In an interesting twist, new data hints that organizations with cyber insurance may be relying on it too much, instead of shoring up security to ensure attacks never succeed. Cyber insurance should be seen as an absolute last resort and shouldn’t be seen as a sure thing (in terms of a claim payout).

A recent study found that financially material cyber attacks are increasing in frequency and that the top 5% of such attacks lead to an average $52M in losses. As these types of cyber attacks become more frequent and more severe, it has become increasingly critical for risk managers outside of enterprise security functions —such as compliance and credit officers—to consider cybersecurity risk in their assessment of customers, suppliers and investments.