What Is Cyber Insurance Compliance? What You Need to Know
The rising cost of data breaches, which hit an average of $9.44 million in the U.S. in 2022, has made cyber insurance essential for financial services firms. Partnering with managed service providers (MSPs) can help these firms meet stringent insurance requirements, secure lower premiums, and maintain compliance, thereby mitigating the financial burden of cybersecurity incidents.
What is Cyber Hygiene & Why is it Important? (Best Practices)
Cyber hygiene involves the consistent implementation of cybersecurity best practices to secure networks and critical data. Key practices include enabling multi-factor authentication, using strong and unique passwords, keeping software updated, recognizing phishing and social engineering tactics, protecting mobile devices, and using VPNs for secure remote access.
Lessons from the Biggest Data Breaches in 2022
In this blog post, we delve into three significant data breaches from 2022 involving Okta, Microsoft, and Nvidia, all linked to the Lapsus$ 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.
Multifactor Authentication: A Critical Piece of Your Cybersecurity Strategy
Multifactor authentication (MFA) enhances security by requiring multiple forms of verification, making it harder for unauthorized users to access systems even if they obtain a password. It’s essential for all organizations, especially in highly-regulated sectors, and should be part of a comprehensive, multilayered cybersecurity strategy to effectively mitigate cyber threats and ensure compliance.
Year-End IT Planning & Reviewing Your IT Roadmap
As the year ends, it’s crucial to review and realign your IT planning and strategy to ensure it aligns with business goals and drives growth. This involves evaluating your current IT roadmap, assessing business objectives, reviewing performance indicators, and using these insights to set strategic goals for the upcoming year.
4 Tools to Evaluate and Improve Your Cybersecurity Posture
Cybersecurity Awareness Month, recognized every October, emphasizes the importance of maintaining robust cybersecurity practices year-round. To support this initiative, Coretelligent offers valuable resources such as a Cybersecurity Evaluation Checklist, risk mitigation case studies, and videos on best practices and defense-in-depth strategies to help businesses strengthen their cybersecurity posture.
The Importance of Data Loss Prevention
Data loss prevention (DLP) involves implementing systems, policies, and training to protect sensitive information from being misused, lost, or accessed by unauthorized users. Businesses can reduce the risk of data loss by developing comprehensive security policies, conducting regular vulnerability assessments, implementing access controls, and ensuring proper data backup and disaster recovery plans.
Heads of Top Security Agencies Issue Warning on Threat of Chinese Espionage
The heads of the FBI and MI5, Britain’s domestic security service, have warned business executives about threats posed by Chinese digital espionage, the goal of which is often to steal Western companies’ intellectual property. During the joint appearance on July 6, 2022, Christopher Wray, director of the Federal Bureau of Investigation (FBI), and Ken McCallum, director-general of […]
Cybersecurity Threats Faced by Broker-Dealer FINRA Firms
As a broker-dealer firm executive, you know that one of FINRA’s key mandates is to help prevent cyberattacks against its regulated firms. The Financial Industry Regulatory Authority, or FINRA, is, of course, a not-for-profit regulatory organization authorized by Congress to protect investors and ensure market integrity in the United States. This post will explore some […]
What is the CIA Triad? Definition & Examples in Cybersecurity
What is the CIA Triad? The CIA Triad is a fundamental cybersecurity model that acts as a foundation in the development of security policies designed to protect data. The three letters in CIA Triad stand for Confidentiality, Integrity, and Availability. In theory, the CIA Triad combines three distinct means of interacting with data to create […]
Proactive Cybersecurity Support Can Reduce Risk and Improve Operations for Your Business
Improving the operation of your business often starts with consolidation: creating a more cohesive structure that eliminates redundancy and slashes inefficiencies throughout the organization. Business leaders have been focused in this direction for generations, often looking for the smallest advantages that will allow them to outpace the competition. With the renewed focus on cybersecurity, it’s […]
5 Ways Outsourced IT Solutions Can Boost Revenue and Productivity
Even with all of the available technology solutions, one of the biggest challenges you will continue to hear from technical teams is lack of time. Everything from upgrading current platforms to researching new solutions requires dedicated focus, and the ability to shut out all by-the-minute frustrations and do the work required to move your organization […]