The HECVAT (Higher Education Community Vendor Assessment Toolkit) is a security assessment framework in the form of a questionnaire that’s specifically designed for higher education institutions to measure vendor risk. HECVAT attempts to standardize higher education information security and data protection requirements for cloud service providers and third-party solutions, specifically for their consistency, compatibility, and ease of use.
NIST Special Publication 800-53 sets an exemplary standard for protecting sensitive data. Though originally designed for government agencies, the framework has become a popular inclusion in most security programs across a wide range of industries.
Global information technology (IT) spending on devices, data center systems/software, and communications services reached $4.26 trillion in 2021 and is expected to increase to around 4.43 trillion U.S. dollars at the end of 2022. With this new, skyrocketing growth, organizations face complex new compliance and IT security challenges in how data and information are stored.
Cybersecurity audits are essential for any organization to review, analyze, and update its current IT infrastructure, information security policies (ISP), and overall cybersecurity risk management protocols. Audits are a critical part of information security and should be performed annually to ensure that new policies are implemented properly, potential vulnerabilities are identified, and the school maintains compliance with regulatory standards.
The rapid increase of cybersecurity challenges in recent years, such as growing ransomware attacks, has forced the US to devise new mandatory regulations. These requirements are aimed to help combat cybercrime by increasing organizations’ level of cybersecurity capabilities. Complying with these regulations is necessary to keep organizations accountable for their mandatory security posture.
The risk of a data breach is exceptionally high for financial organizations. Hackers recognize the high value financial data has on the dark web. Other cybercriminals pay significant amounts to get their hands on customers’ personally identifiable information (PII) and commit lucrative cybercrimes, like identity theft and insurance fraud. One of the most common ways cybercriminals gain access to this data is by exploiting data leaks.
Third-party breaches have become a common phenomenon in the modern cyber threat landscape. In 2021, the Ponemon Insitute estimated that 51% of organizations were impacted by third-party breaches. The 2022 report found that data breach damage costs associated with third-party vulnerabilities rose from US$ 4.33 million in 2021 to US$ 4.55 million in 2022.
Let’s face it, information technology experts are usually not enthusiastic writers. So when it comes to creating an executive report, cybersecurity staff aren’t exactly pushing each other over to get this exciting writing task complete. Instead, it keeps getting delayed, day by day, until the night before its submission. Many get stuck on the executive summary section, obsessing over its perfection.
Data leaks occur when organizations fail to implement proper cybersecurity measures, causing sensitive data and other personally identifiable information (PII) to be exposed to the public. In most cases, data leaks occur due to internal human errors, an oversight by the IT committee, or a lack of strong security practices.
