24 Hours After Infection: A CISO’s Incident Timeline
The first 24 hours after a ransomware infection are critical for minimizing damage. For CISOs, rapid, decisive action is essential—not just to mitigate immediate impacts but to safeguard long-term stability and financial health. Here’s a detailed timeline of a typical ransomware incident, contrasting two scenarios—data exfiltration only versus encryption plus exfiltration—and how proactive cybersecurity dramatically […]
Navigating the Rising Tide of Cyber Attacks: Insights for Small and Medium-Sized Businesses
In 2023, small and medium-sized businesses (SMBs) faced increasing cyber attacks, with rising costs per incident, which emphasized the critical need for enhanced cybersecurity measures. These attacks not only imposed significant financial burdens but also underscored the vulnerabilities in prolonged response times and human error within digital security frameworks.
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.
Disaster Recovery as a Service (DRaaS): Everything You Need to Know
The modern business runs on IT and data. Both underpin every business function and act as revenue generators. But as IT becomes more valuable to your organization, protecting your investment with backup and disaster recovery solutions like Disaster Recovery as a Service (DRaaS) becomes even more critical. What is DRaaS? Disaster Recovery as a Service […]
Business Continuity Checklist for Financial Services Firms
Business Resiliency and Disaster Recovery (DR) are critical for any organization, but these activities are particularly vital for financial services firms. Sensitive data and compliance requirements create additional pressures to safeguard systems and ensure data recoverability. Furthermore, the reputational damage caused by data loss or an extended outage can be catastrophic. In today’s uncertain atmosphere, […]
Identifying Common Financial Services Vulnerabilities
Financial services institutions have long been a top target for cyber threats. Access to a large amount of sensitive and confidential information makes the financial sector a target-rich environment for cyberattacks. In addition to mitigating cybersecurity threats, financial firms must also prioritize maintaining and strengthening compliance. These balance of these two priorities presents a unique […]
What Does the BCP FINRA Rule 4370 Update Mean for Your Firm?
The Financial Industry Regulatory Authority (FINRA) recently announced the completion of the review process for FINRA Rule 4370 and upholds the Rule as it currently stands. The agency put the Business Continuity Plan (BCP) Rule 4370 into place to ensure continuity of operations for broker-dealer firms following a disruption or disaster. FINRA based its decision […]