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.
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.
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.
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.
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.
What is SOX Compliance & What are the Requirements? (2023 Update)
With the rise in cyberattacks, firms must strengthen security measures and comply with regulations like the Sarbanes-Oxley Act (SOX), which mandates transparency in financial reporting and robust data safeguards. Effective SOX compliance involves continuous risk assessment, prompt incident reporting, and the use of advanced cybersecurity monitoring tools to detect and respond to threats.
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.