Security | Threat Detection | Cyberattacks | DevSecOps | Compliance

Conversation with Claire Simm and James Brennan on AML compliance and regulations for cryptocurrency.

The list and severity of risks that can affect a transaction continue to grow, with cyber becoming an alarmingly difficult challenge for firms of all sizes. With tighter scrutiny around Regulations S-P and S-ID, a variety of disclosure obligations and new encrypted messaging apps, conducting proper cyber due diligence is imperative. However, will cyber diligence slow the deal? What are the implications for taking shortcuts?

Hosted by Kroll and Redscan cyber risk experts, this webinar addressed digital risk protection (DRP) and shared impactful use cases for today’s threat landscape. Often classified as “dark web monitoring,” DRP can be merged with cyber threat intelligence services to not only track threats, but take action against threats happening outside of your network.

With the volume and sophistication of cyber threats growing, we asked 400 information security and 100 legal and compliance leaders from companies with over $500M in annual revenue how their organizations are planning to deal with incident response. Nearly all teams plan on automating more of their IR process, but nearly half face headwinds like lack of in-house expertise, lack of proper technology, and lack of bandwidth.

Internal security teams are overwhelmed by cyber threats and finding seasoned incident response professionals is now harder and more expensive. The State of Incident Response 2021 surveyed 400 information security and 100 legal and compliance leaders from companies with over $500M in annual revenue to learn how managed detection and response vendors are incorporated into their security programs. Over 76% of organizations are relying on a third-party vendor to augment in-house capabilities, and their biggest benefit is delivering faster containment, response, and more automation capabilities.

Insights from Kroll's Global Fraud and Risk Report.