Focus on managing third party service providers and the potential risks those relationships pose. From a regulatory perspective, understand the cyber maturity of your vendor partners, what data they have access to, and where they might be vulnerable to cybersecurity threats. Weak vendor security controls translate to a weak cybersecurity [...]
Here are some cybersecurity questions to think about that will make your life easier when the seemingly unthinkable (yet highly probable) happens. How will the business run if there is a data breach? Who needs to be in the room to make decisions in the event of a breach & [...]
Ransomware has become the most popular form of malware in data security breaches, according to the 2018 Verizon Data Breach Investigation Report. The report is based on 53,308 security incidents, 2,216 data breaches, and 67 contributors globally. Ransomware started to appear in 2013 and has become the top variety of [...]
For most organizations figuring a cybersecurity budget is often a mix of emotion and guesswork. A recent Gartner report shows most companies spend between 1% and 13% of their IT budget on cybersecurity, with the average at 5.6%. However, calculating cybersecurity budget as a proportion of the IT budget is [...]
You may think that your startup is all but invisible to criminals due to its small size. However, according to the 2018 Data Breach Investigations Report shared by Verizon, these kinds of attacks are opportunistic. Criminals targeting startups may be banking on the fact that security measures haven’t yet been [...]
If you have cyber insurance, excellent! Now, you need to be sure you understand what your contract covers and more importantly what it doesn’t cover. In the event of a breach, you want to make sure you have questions like this answered well beforehand, along with questions like, what PR [...]
In April of 2018, Utah-based company HealthEquity reported 23,000 accounts were compromised in a data breach when an employee fell for a phishing scheme. As a result of human error, information like employee names, deduction amounts and social security numbers were exposed. The HealthEquity breach is hardly an isolated incident [...]
Gone are the days that cybersecurity can be relegated to the IT department; it is now a C-suite and board issue that requires corporate wide attention. By asking the right questions and following a risk-based roadmap for prevention and response, executives can better protect their companies, customers & shareholders. Some [...]
“I am convinced that there are only two types of companies: those that have been hacked and those that will be. And even they are converging into one category: companies that have been hacked and will be hacked again.” - FBI Director Robert Mueller
The average cost of a data breach rose 6.4% year-over-year to about $3.9 million in 2018, according to research sponsored by IBM Security and conducted by the Ponemon Institute. The average cost for each lost record rose to $148 from $141, an increase of 4.8% from 2017, while the average [...]