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Want to Reduce Your Cyber Risk? Increase Diversity!
A customer walks into a clothing store to purchase a pair of pants. The salesperson directs them toward ten racks, all filled with khaki pants. Some are slightly different colors. Others are hemmed differently. But overall, the pants are essentially identical: monotonous, repetitive and drab. The problem is, the customer wants jeans, yoga pants and […]
August 17, 2023
What is Cyber Insurance? (And Is It Worth the Costs?)
Cyber attacks have grown significantly over the last few years, and their cost to victim organizations marches ceaselessly upward as well. Now many of those victim organizations are learning the hard way that business insurance policies often won’t cover the regulatory fines from security incidents that are considered “preventable.” Hence the need for extra protections […]
August 11, 2023
Third Party Cyber Risk Management Best Practices
With organizations relying on external partners for so many services, but 54 percent lacking a complete list of third parties accessing their network, the risk of cyber threats via your third parties looms large. Hence third-party cyber risk management (TPCRM) is so important to safeguard operations. This article explores what third-party risk management is, how […]
August 9, 2023
Safeguard Your Business From the Risks of Social Media
In recent years, social media platforms have become invaluable tools for businesses to engage with their customers, reach a wider audience and enhance their brand visibility. From TikTok’s viral challenges to Instagram’s visually appealing content — and the ever-present Twitter and Facebook — these platforms offer unparalleled opportunities for organizations to connect with their target […]
August 8, 2023
SEC Adopts Cyber Disclosure Rule
As expected, the Securities and Exchange Commission adopted new rules today requiring publicly traded companies to make more disclosures about the cyber risks they have and the specific cyber attacks they suffer. The final rules are largely in step with what the SEC first proposed last year: annual discussion of cyber risks in the company’s […]
August 4, 2023
What Is Risk Communication?
Risk management is a team sport. So whether we are assessing health risks during a pandemic, understanding the effect of natural disasters, or trying to block a cybersecurity attack, risk communication serves a vital purpose. Risk communication aims to inform and educate individuals so they can make informed decisions and take appropriate actions in the […]
What is Risk Modeling?
Investments in effective risk management, and especially in IT systems to manage risk, have historically paid huge dividends. In a 2023 PwC US Risk Perspectives Survey, 57 percent of C-suite respondents reported seeing better decision-making capabilities thanks to investments in such applications. But there is still significant room for improvement in enterprise risk management, starting […]
August 2, 2023
What Is a Security Vulnerability Assessment?
Protecting corporate networks and IT assets is paramount in today’s ever-evolving cybersecurity threat landscape. Cyber criminals use every tactic to discover weaknesses in an organization’s IT architecture — and something as simple as a routine security vulnerability assessment can be a crucial frontline defense. A security vulnerability assessment identifies the vulnerabilities in an organization’s network […]
July 27, 2023
How Risk Exposed Is Your Company?
Discover Ways to Secure Your Business 86% of enterprise risk management leaders say their decisions often lead to avoidable risk events. 80% of GRC leaders agree their risk and compliance teams are under-resourced. …and with a security skills gap in the US of 3.4 million people, finding enough qualified candidates to manage manual risk processes […]
July 26, 2023
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