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.
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.
How to Avoid Increased Risk from Phishing Attacks After SVB Shutdown
In the wake of the Silicon Valley Bank shutdown, cybercriminals are exploiting the situation by registering suspicious domains to launch phishing attacks, targeting industries like tech, life sciences, and investment firms. To avoid these attacks, organizations should implement multifactor authentication, ensure finance teams verify account changes, and provide regular training for employees to recognize phishing attempts and other social engineering tactics.
Lessons from the Biggest Data Breaches in 2022
In this blog post, we delve into three significant data breaches from 2022 involving Okta, Microsoft, and Nvidia, all linked to the Lapsus$ group—a hacking group allegedly run by teenagers. By examining these breaches, we uncover key lessons about the importance of social engineering awareness, robust third-party risk management, and the necessity for comprehensive, multi-layered cybersecurity strategies to protect against both sophisticated and unsophisticated cyber threats.
Understanding Common Vulnerabilities Facing Life Sciences
As the life sciences industry evolves, so do the cybersecurity threats it faces. Cybercrime has risen dramatically in recent years, and life science organizations are increasingly the target of these cyber threats. Access to personal information and sensitive, proprietary business information make the life science industry an attractive option for cybercriminals. However, being aware of critical vulnerabilities […]
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 […]