In today’s ever changing cyber risk landscape, your organization must adopt a vulnerability management framework to control exposure and remediate risks in a timely manner. In an earlier blog, we explained the vulnerability management process. Here, we explore a key part of that process – vulnerability monitoring – in greater depth.

Against the backdrop of the growing frequency and severity of cyber attacks against enterprises, proposed new regulations from The Securities and Exchange Commission (SEC) are set to require publicly traded companies in the U.S. to analyze how cyber risk could affect financial statements. ‍

The threat of ransomware has been ever present in 2020, especially within the high-stakes industries like healthcare and those involved in the election. According to Verizon's 2019 Data Breach Investigations Report, 24% of security incidents that involved specific malware functionality exhibited ransomware functionality.

In today’s business landscape, managing risk has become an increasingly critical concern. The “usual” risks (such as data breaches) paired with the completely unforeseen ones (like the collapse of SVB) have made companies more cautious with their next steps. With tighter budgets and limited resources, it can be quite challenging for CISOs and CTOs to effectively manage risk while ensuring business continuity.

New security vulnerabilities are emerging every day. The number of new disclosed cyber vulnerabilities jumped 25 percent in 2022, and the number of known exploited vulnerabilities—ones observed to be exploited by malicious actors in the wild—nearly doubled from 2021 to 2022. Remediating vulnerabilities rapidly and effectively reduces the likelihood of your organization becoming the victim of a cyber attack. Consider.

Following CEO and Co-Founder Aleksandr Yampolskiy’s attendance at Davos, and SecurityScorecard’s subsequent visit to Geneva to meet with world leaders at WEF Headquarters, Alex spoke this week to another community of WEF members near our headquarters in New York City during the Forum’s New Champions Leadership Dialogue. New Champions companies are mid-sized organizations transforming industries through new business models and market disruptions.

A major security incident in the crypto field occurred between March 17-18th. Due to a vulnerability that was not caught before the event, unknown crypto hackers were able to drain 1.6 million USD (around 59 BTC) from Bitcoin ATMs owned by General Bytes - the world’s largest Bitcoin, Blockchain, and Cryptocurrency ATM manufacturer.

Vulnerabilities are on the rise, and it's not just the number that's growing; the severity of these vulnerabilities is also increasing. Cybercriminals are taking advantage of these vulnerabilities to launch sophisticated attacks, leading to data breaches, ransomware, and other devastating cyber incidents.

According to a 2022 Verizon report, 43 percent of all data breaches reported worldwide targeted small and medium-sized businesses – with numerous businesses reporting at least eight hours of downtime after a severe cybersecurity incident. Little surprise, then, that demand for cyber liability insurance has surged in recent years. Businesses – especially small ones, with fewer financial resources – want to be made whole after a disruption.

Naming a company is one of the most important decisions a business ever makes. It’s the first thing potential customers will see, and it’s what they’ll use to remember you. A good company name helps establish credibility and image.