Read also: Russian cybercriminal convicted in $90M hack-and-trade scheme, US and UK slap sanctions on 7 Russians tied to TrickBot cybercrime gang, and more.
Open source libraries have become an indispensable part of modern applications. Approximately 90% of organizations use open source software to support their services, but monitoring these dependencies can be difficult when environments run thousands of ephemeral services. The complex nature of modern applications, in combination with the challenge of keeping a competitive edge in a fast-moving market, can make it difficult for organizations to identify and remediate threats in a timely manner.
Cyber risks are prevalent in all healthcare institutions, and understanding how to mitigate those risks is especially important in today’s cyber landscape. Cyber risk is the sum of all IT risks that can potentially lead to the loss or exposure of critical data, financial damages, reputational damages, and operational stoppages due to a data breach or data leak. Measuring cyber risks involves determining the likelihood and impact of each cyber threat.
Because cyber threats continue to grow in sophistication and effectiveness, cyber incident reporting is not only important but also necessary for other organizations to learn from and prevent making the same mistakes. Many governing bodies and federal governments around the world have begun to require cyber incident reporting to document the type of attacks used, the source of the attacks, and how the attacks occurred to better understand the threat landscape.