Fifty-three percent of respondents reported that their organization had encountered a critical cybersecurity issue or incident that put a mergers and acquisitions (M&A) deal in jeopardy and 65 percent of respondents said they had experienced buyers’ remorse because of cybersecurity concerns after closing a deal.
The U.S. Food and Drug Administration is warning patients and health care providers that certain Medtronic MiniMed insulin pumps are being recalled due to potential cybersecurity risks and recommends that patients using these models switch their insulin pump to models that are better equipped to protect against these potential risks.
For most organizations, putting great cybersecurity in place requires a massive uphill trek. Many forms of change are required – technology, process, talent, and more. Here, cyber leaders focus inward, working to get capabilities in place and reduce identified risks. But fundamentally, you need externally-driven change too, where other enterprise leaders (and key partners outside of your business) believe in the cyber mission so deeply that they can’t live without it.
While cybersecurity should be a primary concern for all organizations, there is no one-size-fits-all approach. Mid-market businesses have different security needs and concerns than large enterprises. To meet these needs, CISOs must meet with business leaders to discuss what technology is required to safeguard digital assets. Cloud adoption only heightens the need for this conversation.
According to the Disaster Recovery Institute (DRI), the actual scope of work of a BC or resilience professional hasn’t really changed. Organizations still must have high-quality response and damage limitation plans formulated by skilled planners. The change in the resilience profession, however, is moving away from a technical specialization and into mainstream business risk management. DRI reports that consolidation of resilience disciplines has increased over the past year. The main result of this is that fewer organizations have independent business continuity departments, with BC professionals being incorporated into existing risk management or information security divisions.
The use of AI assistants, social media, public wi-fi, and more – are leaving identity and privacy in a state of critical risk and U.S. elections and critical infrastructure compromises may be at risk.
The scale of data theft is staggering. In 2018, data breaches compromised 450 million records, while 2019 has already uncovered the biggest data breach in history, with nearly 773 million passwords and email addresses stolen from thousands of sources and uploaded to one database.
In today’s world, an increasing number of transactions are executed online. To do so successfully, storing sensitive personal data such as credit card numbers is a necessity
The Stop Hacks and Improve Electronic Data Security Act, or SHIELD Act, was recently passed by the New York legislature. It updates the state’s breach notification laws and broadens the definition of what constitutes a "breach".
