Cost of Cyber Attacks: One Company’s Worst-Case Scenario
Small to medium-sized businesses are increasingly targeted by cybercriminals, as demonstrated by Expeditors’ costly ransomware attack in 2022. To mitigate such risks, businesses must invest in robust cybersecurity measures, including multi-layered security solutions, regular system updates, strong access controls, employee education, and a comprehensive incident response plan.
RIA Cybersecurity: Prepare for New SEC Cybersecurity Requirements
The SEC’s new cybersecurity requirements for registered investment advisers (RIAs) will soon mandate firms to develop robust policies, report incidents, and disclose risks in their marketing materials. To prepare, RIAs should implement comprehensive cybersecurity policies, conduct risk assessments, establish clear disclosure procedures, ensure continuity planning, and maintain thorough documentation to comply with the upcoming regulations and enhance their cybersecurity posture.
Coretelligent Hosts CoreDTS Mixer at Craft Distillery
Coretelligent’s CoreDTS Mixer saw business executives gathered at a craft distillery in Norwalk, CT, to network, learn about CoreDTS, and enjoy premium spirits. The event highlighted CoreDTS’s comprehensive digital transformation services, provided a platform for building relationships, and included a special raffle, making it a successful and engaging evening for all attendees.
Security vs. Compliance: Differences & Similarities (2023)
Security and compliance, while often used interchangeably, serve distinct purposes: security involves implementing technical controls to protect against cyber threats, whereas compliance focuses on adhering to regulatory standards to mitigate legal and financial risks. Both are essential and complementary, with effective security practices facilitating compliance, together providing a comprehensive risk management strategy to protect sensitive data.
Breach Detection: Could You Detect a Data Breach?
Detecting data breaches early is crucial for limiting damage, preserving reputation, and preventing further unauthorized access. Many businesses struggle with real-time breach detection, but by prioritizing active monitoring, identifying high-value data, and implementing rapid remediation strategies, they can better protect their sensitive information and mitigate the impact of breaches.
10 Tips to Better Spot Phishing Emails
Email phishing is surging, especially in the financial services sector, with attacks ranging from simple scams to sophisticated spear phishing campaigns. The best defense is educating end-users to recognize suspicious emails, focusing on ten common signs of phishing such as generic salutations, bad grammar, and urgent requests.
CPRA Vs CCPA? Ready for the July 2023 Deadline?
The California Privacy Rights Act (CPRA) strengthens and expands the consumer privacy protections of the CCPA. On July 1, 2023, new requirements were implemented. Explore the key differences in the update requirements for protecting sensitive personal information, conducting security audits, and ensuring third-party vendor security, making it crucial for businesses to stay updated and work with knowledgeable IT partners to navigate these regulations.
The NY SHIELD Act: What You Need to Know
With increasing data breaches, states like New York have implemented laws such as the NY Shield Act to protect consumer data, requiring businesses to take specific security measures and notify customers of breaches. To comply, businesses must implement robust data security programs, assess and test their systems regularly, and ensure third-party vendors adhere to similar standards, thereby safeguarding sensitive information and maintaining consumer trust.
GDPR Requirements: What You Need to Know (2023)
The General Data Protection Regulation (GDPR) mandates strict data privacy measures for any organization handling EU citizens’ personal data, regardless of location. To comply, businesses must appoint a Data Protection Officer, obtain explicit consent for data collection, ensure robust data protection, regularly assess their data practices, and promptly report data breaches to avoid severe penalties and protect their reputation.
7 Top IT Priorities for Executives
Executives must prioritize cybersecurity, compliance with evolving data privacy laws, and leveraging AI, ML, and low-code/no-code solutions to optimize productivity. Addressing IT labor shortages through strategic partnerships and staying ahead of emerging technologies like 5G and quantum computing are also crucial for maintaining a competitive edge and ensuring business success.