Even if a Chief Information Security Officer (CISO) performs 99 percent of their tasks perfectly, there is still plenty of opportunity to make mistakes. When companies have unpatched vulnerabilities, or incorrect configurations, or other holes in their security tactics (not to mention the "set it and forget it” mentality after deployment)—security management can quickly become a CISO’s nightmare. This is why it's so important for leaders to consider the following when developing the right security approach for their organizations.
CEOs cite cybersecurity as the biggest threat to the world economy and as a result, the global spend in cybersecurity is expected to surpass $1 trillion by 2021. An enterprise cyber attack can turn into a catastrophe in a matter of hours, potentially damaging any business at any point in time. As we see from the past few years, the greatest have already fallen.
You are a new Chief Information Security Officer (CISO) in the financial services industry. You are excited about the job but anxious due to the scale of the cyber threat from a range of actors: lone-wolf hackers, organized crime syndicates, governments and their proxies, and insiders. As you think through your game plan for addressing these threats, what’s your most important first step?
You don’t have to be a news junkie to notice one of the bigger stories the media is focusing on these days. Whether it’s local, state or national races, election security has become a serious issue.
General Electric (GE), a global Fortune 500 company, has acknowledged a data breach affecting present and former employees and their beneficiaries. Between February 3-14, 2020, an unauthorized user gained access to the email account of Canon Business Process Services, which GE contracts with to process employee documents.
Led by Noam Rotem and Ran Locar, vpnMentor’s research team recently discovered a breached database belonging to American software company RigUp, containing more than 70,000 private files belonging to its US energy sector clients. Read more to learn about this data breach and the cybersecurity implications.
Led by Noam Rotem and Ran Locar, vpnMentor’s research team of ethical hackers, recently discovered a data leak by the popular app Key Ring, that compromised the privacy and security of their 14 million users.
New research from Infrascale indicates that 58 percent of C-level executives at small and medium businesses (SMBs) said their biggest data storage challenge is security vulnerability.
Looking back at cybercrime incidents of the past 10 years, only the questions of "if" and "when" remain. "If" a business has no active cybersecurity policy and processes even just hundreds of rich customer records, "when" becomes soon enough. For the past 10 years, at least eight large-scale data breaches per year have trembled economies. You’d imagine that as business owners, we would have learned the immense value of the digital data we hold. The Ponemon Institute says that just in the US, the average size of a data breach is 25,575 records with a cost of $150 per record on average. That could be the money you would have paid in damages, as a government fine, and potentially in customer lawsuits.
Often, the significance of backing up your company’s data is diminished by the hundreds of other things you must do as a small business owner to simply keep the company running day-to-day. Unfortunately, what most small business owners fail to realize is that the lack of an adequate data backup can cause the doors of a business to close more often than you’d think. For this reason, it is crucial that every company has at least one efficient and effective method of data backup in place.
