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.
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.
CPRA Vs CCPA? Ready for the July 2023 Deadline?
The California Privacy Rights Act (CPRA) strengthens and expands the consumer privacy protections of the CCPA. On July 1, 2023, new requirements were implemented. Explore the key differences in the update requirements for protecting sensitive personal information, conducting security audits, and ensuring third-party vendor security, making it crucial for businesses to stay updated and work with knowledgeable IT partners to navigate these regulations.
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.
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 […]
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 […]
How to Effectively Assess Enterprise Backup Solutions?
Disasters and cyber-attacks happen, but data loss does not have to be inevitable. Data loss can be avoided or mitigated with a robust backup and disaster recovery solution (BDR). Surviving a catastrophic data loss event depends on choosing the right BDR solution. But you need to understand the critical components in order to successfully evaluate […]
Are You Getting the Most Out of Your Data Governance Program?
Last month we shared the first in our series about the importance of having a data governance program. With this post, we go more in-depth about why data governance is the key to unlocking the power of your data to drive growth and avoid risk. What is a Data Governance Program? Data is the new […]