In today’s complex and interdependent world, it’s incredibly difficult to deliver a product or service without a supply chain. But this dependency creates additional risks – from reputational losses to major business disruptions. And with 62% of organizations being impacted by supply chain cyberattacks in 2021, mitigating risks created by third parties is extremely important.

As the number and severity of cybersecurity attacks rise each year, organizations are compelled to look for measures to protect sensitive data. The abundance of cybersecurity solutions on the market may create confusion and pressure, as choosing the wrong one may lead to security gaps. Many companies turn to data loss prevention (DLP) systems, since they have been on the market for years. But is a DLP system enough to protect your data?

Negligent or malicious actions of those who have legitimate access to your systems can be more devastating to your company than efforts of outside attackers. The 2022 Cost of Insider Threats Global Report by the Ponemon Institute shows that cybersecurity incidents caused by insiders’ negligence, malicious intent, and credential theft on average cost $484,931, $648,062, and $804,997 per incident (respectively).

Regular communication with CISOs may not be enough for the board to fully understand and adequately invest in cybersecurity. According to a survey conducted by Neustar International Security Council in November 2022, only 49% of organizations have the requisite budget to meet their cybersecurity needs. Thus, only half of all CISOs receive enough resources to enforce effective cybersecurity strategies.

Data security is vital to your organization’s well-being. Even a single data exfiltration incident can bring unwanted attention to your organization, leading to reputational and financial losses. That’s why companies across industries pay maximum attention to their cybersecurity measures and constantly enhance them. In this article, we explain the meaning of data exfiltration and how it’s performed.

Financial data is a desired target for cybercriminals. Hackers frequently attack financial institutions such as banks, loan services, investment and credit unions, and brokerage firms. Security incidents in the financial sector are extremely expensive (surpassed only by the healthcare industry), with the average total cost of a data breach reaching $4.35 million in 2022.

Did you know that even organizations with productive and loyal employees frequently suffer from malicious insiders committing fraud? Such insiders are rather difficult to detect because they mishandle data bit by bit alongside their regular work routine. Moreover, their motives can be unobvious, which makes detecting them even more challenging. In this article, we explore insider fraud and its risks, as well as how to mitigate those risks through a comprehensive insider risk management strategy.

Original ideas, developments, and trade secrets help businesses increase their value and stand out among competitors. But as market competition grows, the risks of intellectual property (IP) theft and leaks also grow. Preventing intellectual property theft is a challenge in cybersecurity of organizations that requires implementing proper security policies and procedures. In this article, we explore possible scenarios of intellectual property theft and dig into how to protect your IP.

Every company has workers that have been there from the beginning and worked in every department. Knowledge of the company’s processes makes them valuable employees, but they can also access and put at risk lots of sensitive data. Regular user access reviews can help you mitigate this risk and safeguard your critical assets. Regularly reviewing user access is an essential part of access management.

Every company has workers that have been there from the beginning and worked in every department. Knowledge of the company’s processes makes them valuable employees, but they can also access and put at risk lots of sensitive data. Regular user access reviews can help you mitigate this risk and safeguard your critical assets. Regularly reviewing user access is an essential part of access management.