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Network Segmentation: Definition and Best Practices
2020 was not a good year for cybersecurity. In the first half of that year alone, ransomware (a special kind of malware) attacks increased by 715 percent from the prior year’s levels. A global survey found that 57 percent of organizations experienced a phishing attack, up from 55 percent in 2019, while the average total […]
Tags: Audit Management, PCI
December 10, 2023
What Is Data Classification & Why Is It Important?
Data classification refers to the process of analyzing data (both structured and unstructured) and then organizing that data into defined categories based on its contents, file type, and other metadata characteristics. This underpins adequate data security and data management programs in an organization. For example, a company could classify its data as restricted, private, or […]
What is a FedRAMP Certification?
Cloud service providers (CSPs) that want to compete for U.S. federal government contracts must first obtain FedRAMP certification — akin to a seal of approval from the federal government, that the CSP’s cybersecurity meets basic standards. FedRAMP certification benefits small and large CSPs by boosting security, increasing efficiency, and smoothing the path to doing business […]
Tags: Audit Management, FedRAMP, FISMA, Technology
What is a SOC Report?
As data breaches become more widespread, most businesses are prioritizing information security. According to a study by IBM and Ponemon Institute, the worldwide average cost of a data breach in 2023 would be USD 4.45 million, a 15% rise over the previous three years. In this high-risk environment, potential clients want assurance that they can […]
Tags: SOC
What is a SOC Audit?
Businesses rely on third-party vendors to streamline day-to-day operations and assure sustained functionality now more than ever. This is seen by the rise of cloud computing, data centers, and Software-as-a-Service (SaaS) providers. However, the simplicity and comfort of these outsourced jobs comes with some inherent threat. The capacity to demonstrate the development and successful application […]
Tags: Audit Management, SOC
When should I consider a SOC 3 audit?
The best time to get a SOC 3 audit is…when you get a SOC 2 audit because the audits are the same. Why, then, are there two kinds of reports? Because there are two kinds of audiences for them: internal and external. The essential difference between SOC 2 and SOC 3 lies not in the […]
Tags: Audit Management, SOC
What is Compliance Testing?
Compliance testing, also known as conformance testing, is a type of software testing to determine whether a software product, process, computer program, or system meets a defined set of internal or external standards before it’s released into production. Internal standards are standards set by an organization. For example, a web application development company might set […]
What is a High-Risk Vendor?
When managing your supply chain, you rely on many external vendors to keep your operations running smoothly. However, not all vendors pose the same risk to your organization. You must identify high-risk vendors that could disrupt your business if issues arise. Conducting thorough vendor risk assessments is crucial to determine potential risks and levels across […]
Tags: Third-Party Management
State RAMP FAQ
Cybersecurity risks have proliferated ceaselessly over the years, and state governments have been a prime target of those attacks. State governments handle vast troves of personal, financial, or healthcare data; their IT security budgets are often meager, and their IT infrastructure can be filled with security holes. So, from the criminals’ perspective, why wouldn’t you […]
Which SOC Report Do You Need?
If your enterprise is a service provider that handles customer data, it should have a System and Organization Controls for Service Organizations 2 (SOC 2) report attesting to its SOC 2 compliance. If you outsource work, your sub-contractors should be SOC 2 compliant, as well. Developed by the American Institute of Certified Public Accountants (AICPA) […]
Tags: Audit Management, SOC
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