Essential Cybersecurity Practices for Alternative Investment Firms: How an MSP Can Help
As the digital landscape becomes increasingly complex, alternative investment firms find themselves more vulnerable to sophisticated cyber threats. This blog explores the essential cybersecurity practices needed to protect your firm and highlights why partnering with a Managed Service Provider (MSP) like Coretelligent is crucial in navigating these challenges effectively.
Understanding the Updated NIST Cybersecurity Framework (CSF): A Guide for Businesses
The NIST Cybersecurity Framework (CSF) offers a comprehensive and flexible approach to managing cybersecurity risks. This guide outlines the history and updates of the NIST CSF, focusing on how version 2.0, with its enhanced core functions, can benefit your organization by providing strategic insights into cybersecurity management.
Why Your MSP Should Have SOC 2 Compliance: Securing Your Digital Trust
Explore the importance of SOC 2 compliance for Managed Service Providers (MSPs), a key factor in safeguarding sensitive information and building trust with clients. Learn how adherence to these rigorous standards is essential for MSPs looking to enhance their data security posture and market reputation.
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.
Staying Ahead of the Curve: Top Compliance Strategies for Financial Advisors
The landscape of financial compliance presents new challenges for financial advisors, driven by evolving regulations and advancing technology. Cybersecurity remains a non-negotiable priority, with a focus on strategies like implementing SIEM systems and forming partnerships with MSSPs to protect sensitive financial data from increasing cyber threats.
AI-Driven Cyber Threats: A Guide for C-Suite Executives and IT Managers
AI-driven cyber threats are an escalating concern, with cybercriminals using AI to create sophisticated attacks that outpace traditional defenses. To combat these evolving threats, industries must adopt proactive defense strategies, including continuous monitoring, advanced AI defenses, employee training, and state-of-the-art cybersecurity tools, ensuring robust protection of sensitive data and operations.
Protecting Your Assets: Lessons from the MGM & Caesar’s Recent Cyberattack
The recent cybersecurity breaches at MGM and Caesar’s demonstrate the critical need for robust cybersecurity measures. Cybercriminal groups used social engineering tactics to infiltrate these organizations, highlighting that even secure companies can fall victim to such attacks. Strengthening defenses through real-time monitoring, incident response, penetration testing, and employee training is essential to prevent similar breaches.
What is Third-Party Risk Management?
In today’s interconnected business landscape, third-party risk management (TPRM) is essential for mitigating risks from vendors and partners. With increasing regulatory focus and the potential for severe consequences from third-party data breaches or failures, businesses must adopt proactive TPRM strategies, including thorough due diligence, clear contracts, continuous monitoring, and leveraging technology for risk assessment and response.
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.