Security | Threat Detection | Cyberattacks | DevSecOps | Compliance

We did an ROI analysis of SecurityScorecard. Here's what we found out: Companies achieve a close to 200% ROI over 3 years. Here's how: Continuously monitoring cyber threats is difficult to handle for small cyber teams, forcing them to hire more people. In the current economic climate, those personnel costs make up the bulk of company expenses. SecurityScorecard allows you to streamline your third-party risk management program and run your TPM program with a smaller, more efficient team.

Your cyber insurance won't protect you from ransomware. Here's why: It doesn't make your company resilient in and of itself. Think of it like regular house insurance: Just because you have insurance, it doesn't mean you shouldn't get a smoke alarm in your house and get contractors to check for gas leaks. Here are 2 recommendations to be prepared for a ransomware attack.

Here are 3 things that set SecurityScorecard apart from the competition: Massive data set: We’ve rated 12 million organizations worldwide. If an organization is not on the data set, it takes us just a few minutes to rate it while our competitors take days to do the same. Huge marketplace of applications and services: We have 100s of partners that enrich the value of our platform.

About 5-6 years ago, I was privileged to meet Elon Musk. Here’s what he told me: As your company gets bigger, you need to create deliberate channels for communication. The communication should not just flow top-down hierarchically, where an employee talks to their direct reports, they talk to their manager, and then to the next one. You need to create the path for the shortest communication by making yourself available to various employees within the company.

Here’s what you need to do immediately when a cybersecurity incident occurs: At SecurityScorecard, we’ve recently introduced our Digital Forensics Incident Response service. In case of an emergency, we can come on-site and help the company figure out what's happening and how to contain the crisis. It's valuable to us because now, in addition to providing scores and threat intelligence, we also have a service to help organizations become safer.

Your cybersecurity score impacts your stock price. Here’s how: The value of a company’s stock is based on trust. Investors need to trust that the company will perform well, sustain its competitive advantage, and protect its customers’ information. When a company gets hacked, it betrays that trust, influencing its credibility. We have seen the stock price of Equifax, SolarWinds, etc., drop after they suffered data breaches.

Let’s talk about the new federal bank regulation that goes into effect in April 2022. It will require organizations to notify about a breach within 36 hours, which is the shortest breach notification reporting requirement of any law to date. The clock starts ticking when the organization determines that an incident has occurred. A serious computer incident is usually defined as an incident that materially disrupts or degrades the performance of an organization.

65% of cyber attacks today happen due to the negligence of a third party. SolarWinds security breach is a good example of that. In this case, hackers used a method known as a supply chain attack to insert malicious code into their Orion System. From there, they managed to crack into the SolarWinds network and put malware into the environment. SolarWinds did a great job following up on this. They made significant improvements and are currently rated as a B by SecurityScorecard.

“Why do ransomware attackers target healthcare companies so often?” Here are 2 reasons why: Goldmine of personal information: If you look on the dark web, the price of a stolen credit card would be $5 for a validated card. But the price of personal information (passport, social security number, etc.) could range from $400 to $6,500 per person because you can create a fake identity and use it to create accounts in various places.

Here are 5 cyber hygiene best practices to safeguard yourself from hackers: Hackers know your external look and feel better than you do. So you must constantly rediscover how you appear to the adversaries and take actions to safeguard yourself. A lot of hacks happen by exploiting vulnerabilities that have not been patched instead of being zero-day attacks. So you need to patch your software regularly.