The U.S. Federal Government needs to improve its information security risk management policies to keep pace with the dynamic threats to Federal networks and supply chains.
Last year, as most people were stuck at home, many of us became even more dependent on e-commerce sites than we were already. Unfortunately, that includes cybercriminals too. In 2020, scams targeting the checkout forms of online retailers rose by 20%, according to reports.
Most companies know how to engage in a security risk assessment. However, the first step in the security assessment process should be engaging in a data risk assessment. While the two sound similar, they provide different insights. This guide to performing a data risk assessment explains what it is, why it’s important, and how to engage in one.
This week, the popular web host GoDaddy reported that it experienced a serious data breach impacting 1.2 million customers. Is your organization at risk, and what should you do? Here’s what you need to know.
Often it's not a question of if your business will experience a data breach, but when. Hackers are always looking for new ways to take advantage of weak networks or trick employees into falling prey to their schemes. And if your business operates computer systems or handles sensitive data regularly, you are at risk. Having the right insurance coverage to provide aid in the event of a cyber attack can save your business from expensive lawsuits and reputational damage.
Cybersecurity threats are on the rise. Over the past year, we’ve observed a 148% increase in ransomware attacks and an 85% increase in phishing attacks targeting remote users. Worse still, these attacks are growing increasingly sophisticated, with threat actors using eight or more vectors in the same attack, often deploying multiple vectors within minutes of one another.
On July 19, 2021, The Board of Governors for the Federal Reserve System (Board), the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) released their proposed interagency guidance around third-party risk management. SecurityScorecard submitted comments in response to the proposal urging the agencies to include the adoption of security ratings to mitigate the cyber risk to financial institutions introduced by third-party vendors and suppliers.
