A new whitepaper report from Dataminr and Forrester Consulting has found that 40% of global risk and compliance decision-makers are improvising risk management. Titled Risk In A Real-Time World, the study surveyed 410 global risk and compliance decision-makers across the U.S., U.K., Australia and New Zealand to evaluate current risk management priorities and practices, and how real-time information is used in risk management and crisis response.
In 2021, as enterprise security leaders look to better understand and tackle their organization’s risks as it relates to the COVID-19 pandemic, following this model can be helpful: designate a dedicated response team; analyze how risks have changed and what new types of risks there are; consider the appetite for taking risks and prioritize them. Here's how.
Finding and implementing a cybersecurity risk framework is a challenge every organization faces. Time has shown that this endeavor almost always calls for the heavy lifting to be carried by chief information security officers (CISOs) and their staff. So where do you start?
Physical threats are rising and increasingly unmanageable, putting unprecedented financial, reputational and liability pressures on business leadership and security teams, according to the “2021 State of Protective Intelligence Report: A Mandate for Proactive Protective Intelligence in the Era of Exponential Physical Security Threats,” a new study commissioned by the Ontic Center for Protective Intelligence.
Webcor, a provider of commercial construction services throughout California needed a way to find and mitigate threats, and reduce the company’s cyber risk profile. The company implemented a managed services approach to augment its existing IT and security staff and improve its security posture.
The risk level to the global workforce has reached its highest since 2016 according to the findings of the International SOS Risk Outlook 2021. Unsurprisingly, around eight in 190 risk professionals believe the health and security risks faced by the workforce increased in 2020 (specifically for “domestic employees” (85%), “assignees” (81%), “student and faculty” (80%), “business travelers” (79%) and “remote workers” (77%)). Around half believe that this will increase further in 2021.
Fake news, which is promoted by social media, is common in elections and it continues to proliferate in spite of the somewhat limited efforts social media companies and governments to stem the tide and defend against it. It is only a matter of time before these tools are redeployed on a more widespread basis to target companies, indeed there is evidence of this already happening. University College London has come up with a tool to detect fake news before it becomes a problem.
No matter how much the economic situation changes, prompt detection and response to cyber threats must remain a core priority for your organization. The ability to spot and address incidents in their early stages will help you avoid data breaches and their unpleasant consequences, including business downtime, lost revenue, costly security investigations and fines from regulatory bodies. As a result, you can save your budget for mission-critical tasks that will bring your organization value in the long run.