Today’s rapidly evolving digital world requires organizations to build a robust cybersecurity plan to safeguard internal infrastructures and oversee third-party vendors' cyber health. The Essential 8 is a cybersecurity framework developed by the Australian Signals Directorate designed to help organizations protect themselves against different cyber risks.

In one of the most important cybersecurity regulatory developments in recent memory, the U.S. Securities and Exchange Commission (SEC) recently adopted new cybersecurity requirements for publicly traded companies, creating new obligations for reporting “material” cybersecurity incidents and requiring more detailed disclosure of cybersecurity risk management, expertise, and governance. Companies are required to disclose risks in their annual reports beginning on December 15, 2023.

In the dynamic realm of governmental regulations, the Digital Operational Resilience Act (DORA) in the EU emerges as a game-changer. Slated for a detailed rollout by early 2024, the buzz surrounding DORA has resonated within the information and communication technology (ICT) and financial sectors for quite some time, and its distinction lies in its holistic and authoritative approach. DORA is heralded as the high-water mark for cybersecurity regulations tailored for the financial arena. Its mission?

Last week in New York, I had the opportunity to attend a panel discussion hosted by SINET and moderated by Upendra Mardikar, the Chief Information Security Officer of TIAA. We discussed everything from security in DevOps, to AI’s pros and cons, and cybersecurity’s future. As long as the attack surface, API usage, and digital footprints increase, so will cyber risk.

To operate legally and ethically, every company, no matter the size or type of organization, must be aware of the laws, regulations, and industry standards that govern them. Though many businesses may view regulatory compliance as a burden, it does not have to be this way. The benefits of following these rules greatly outweigh the consequences. Organizations can ensure the safety and well-being of their employees, customers, and the general public by following these regulations.

In one of the most important cybersecurity regulatory developments in recent memory, the U.S. Securities and Exchange Commission (SEC) recently adopted new cybersecurity disclosure requirements for publicly traded companies, including a requirement to publicly disclose a “material” cybersecurity incident in Form 8-K within four business days of determining that it is material.

General Data Protection Regulation (GDPR) is a framework for data protection that gives strict obligations for organizations within the European Union. For many businesses, understanding and implementing GDPR vendor management is a daunting task. That’s why we are going to break down what GDPR vendor management is, who is involved in it, and what the requirements are.

The GDPR compliance has the most rigorous privacy policies and security laws. It’s origin is in the EU. However, every cloud-hosted company has to comply with it to conduct business with EU citizens.

When asked why he robbed banks, Willie Sutton, one of the first fugitives named to the U.S. FBI’s most wanted list, reportedly replied, “Because that’s where the money is.” As any infosec professional working for a financial institution can tell you, loads of cybercriminals will likely agree with that sentiment. Banks and similar organizations are no stranger to cyber threats.