Financial institutions are one of the most heavily regulated industries around, and for good reason. Access to the personal information and funds of their customers makes banks a popular target with hackers, and a dangerous location for a cybersecurity breach. With all of the regulations a bank needs to obey, it’s possible you may have overlooked the Payment Card Industry Data Security Standard, or PCI DSS.
Organizations are under tremendous pressure to deliver innovative products and stick to tight release timelines. To keep up with the rapid release schedule, engineering teams are adopting the DevOps model for its increased efficiency and agility. It has changed the way that development teams think. As a result, continuously improving performance and delivering releases faster have become standard.
Cybercrime is one of the most significant threats facing companies today. With the average cost of a data breach reaching an all-time high of $4.24 million , the business case for cybersecurity has never been stronger. Still, some businesses seem to misunderstand the urgency of meeting current cybersecurity standards. It may help to consider the legal consequences of poor cybersecurity.
Black Duck provides a comprehensive SCA solution for managing security, quality, and license compliance risks associated with open source use. Given today’s development trends, your organization is undoubtedly leaning heavily on open source in any number of ways. According to Synopsys’ annual Open Source Security and Risk Analysis (OSSRA) report.
According to a study conducted by Ropes & Gray, 57% of senior-level executives rate “risk and compliance” as the top two categories they feel the least prepared to address. There are a lot of misconceptions about compliance and risk management. Both help to prevent security threats to the organization’s legal structure and physical assets. And often, when people hear the terms compliance and risk management, they assume the two are the same.
The emerging Cybersecurity Maturity Model Certification (CMMC) will mandate nearly the entire federal government supply chain and over 300,000 contractors to get audited and certified against the CMMC protocol. The caveat is that some organizations that build Commercial-Off-The-Shelf items or Commercially Available Off-The-Shelf (COTS) products for the Department of Defense (DoD) do NOT require a CMMC certificate . However, the devil is in the details!
Our Data Privacy Services team collates the most interesting practical ramifications from implementing the new SCCs with our GDPR services customers. In our latest update of the Data Privacy Periodic Table , we included reference to the EU’s June 2021 release of substantially updated Standard Contractual Clauses (SCCs), triggered by 2020’s Schrems II ruling. The new, far more substantial SCCs have been largely welcomed.
ISO/IEC 27001 is the leading international standard for regulating data security through a code of practice for information security management. Its creation was a joint effort of two prominent international standard bodies - the International Organization for Standardization (ISO), and the International Electrotechnical Commission (IEC). This is why the standard is formally prepended with ISO/IEC, though "IEC" is commonly left to simplify referencing.
Data protection has matured incredibly over the last 10 years. The ‘privacy industry’ has gone through a metamorphosis not seen in many other disciplines. Now, as we reflect on the organisational changes the pandemic introduced, we must recognise that being able to quickly access and share accurate data is critical to every business’ success – regardless of where employees are working from.
A Service Organization Controls (SOC) report provides independent validation over a company’s internal financial reporting controls. They were originally used to validate compliance with the Sarbanes-Oxley Act of 2002. When the SEC released the “ Commission Statement and Guidance on Public Company Cybersecurity Disclosures ,” SOC reports started to include cybersecurity. Understanding what a SOC Type 2 report is can give insight into why it is important to your organization.
AWS GDPR compliance, privacy and personal data protection are one of the most common concerns among cloud teams that run workloads in the AWS Cloud. When thinking about the different mechanisms to protect privacy and gain trust from the users who utilize our services, Compliance is one of the words that comes to mind.
Business owners whose revenue streams depend significantly or partially on government contracts have been recently faced with the mandatory emerging regulations called Cybersecurity Maturity Model Certification, also known as CMMC. All organizations working with the Department of Defense (DoD) and Federal government as their prime or subcontractors must be audited against these requirements by a competent third-party CMMC auditor.
After several large corporate accounting scandals in the early 2000s that led to investors losing billions of dollars, the US government passed the Sarbanes-Oxley Act of 2002. Commonly referred to as SOX, the bill established and expanded financial and auditing requirements for publicly traded companies in order to protect investors and the public from fraudulent accounting practices.
Teleport has been instrumental in helping our clients achieve difficult security and compliance requirements, and today we are proud to announce that our Cloud offering is now SOC2 Type II compliant. Last year our on-premises product was SOC2 Type II certified, and we published an overview on our blog helping explain what SOC2 is and why it has become table stakes for B2B SaaS companies.
Are you an organization that operates a Bulk Power System (BPS) in the United States? If so, you understand the need to comply with the Critical Infrastructure Protection (CIP) standards. Developed by the North American Electric Reliability Corporation (NERC), CIP is a set of requirements through which in-scope entities can protect themselves against digital attacks, thereby strengthening the reliability of the U.S. electric grid overall.
If you are dealing with vulnerability management, chances are you’ve been wondering if there is a better way to store, manage, and link Security Content Automation Protocol (SCAP) scan data. The answer is yes! With Ignyte’s machine learning capabilities. The new SCAP module, recently released by Ignyte Assurance Platform, reimagines the user-friendly interface to visualize and compare scan data in one place, as well as track changes and progress over time.
Since our last update in January, there has been an unprecedented amount of activity in the data privacy world. And yes, we probably do say that every time! New laws have passed in Virginia and Colorado. The UK’s post-Brexit EU adequacy was confirmed. Plus of course, the EU’s significant changes to Standard Contractual Clauses and the reawakening of the debates over Identity Verification, especially in the context of social media.
