Security | Threat Detection | Cyberattacks | DevSecOps | Compliance

The content of this post is solely the responsibility of the author. AT&T does not adopt or endorse any of the views, positions, or information provided by the author in this article. The terms computer security, information security and cybersecurity were practically non-existent in the 1980s, but believe it or not, firewalls have existed in some form since that time.

This week in London, SecurityScorecard hosted a roundtable discussion on cyber risk in the insurance supply chain. Keynote speaker Santosh Pandit, head of Cybersecurity at the Bank of England, shared his insights with 20 London-based insurers on managing cyber risk in the financial sector and the latest regulatory initiatives that may impact the insurance industry.

New disclosures regarding the widespread exploitation of CVE-2023-34362, a new vulnerability affecting the MOVEit file transfer software, and the Cl0p ransomware group’s claim of responsibility for its widespread exploitation and the resulting data theft, have continued in the weeks since the vulnerability’s original publication.

The past few years have witnessed a rapid surge in the use of SaaS applications across various industries. But with this growth comes a significant challenge: managing security and assessing risk in application connectivity.

Modern applications are hugely dependent on open-source software. 80 percent of most organizations’ apps and code base is now open source, in some cases more. While this is great for swift development and innovation, it increases the possibility of vulnerabilities arising that bad actors can exploit, and it expands the potential attack surface.