Forrester recently predicted that in 2022, 60% of security incidents would involve third parties. Yikes! With such a large percentage of incidents taking place outside the confines of their organizations, corporate leaders need to know what to do to protect their business. So, here is a list of items to address to succeed at supply chain risk (SCR) management.

The latest Internet Security Report, produced by the WatchGuard Threat Lab team, compiles analysis detailing malware evolution and trends based on data collected from 35,180 Firebox devices worldwide. Its key findings are as follows: This rate of incidents that the report has outlined for Q3 2021 does not seem to have decreased in severity in recent months. For these reasons, organizations should adopt several measures in order to be better prepared for upcoming threats.

As cybersecurity regulations continue to tighten their grip on vendor security, a greater weight of responsibility is expected to fall on Third-Party Risk Management Programs. So if you're currently struggling to keep up with your vendor security due diligence, your workflow congestion will only worsen if a scalable and streamline vendor risk management program isn't achieved.

It’s not easy to prepare for the natural disasters that might happen and devastate your business. Still, just as civil defense teams prepare for hurricanes, floods, heat waves and other adverse natural events, businesses need to develop a solid plan to confront the same.

Advanced cybersecurity threats have heightened the harm of data breaches. At the same time, individuals have become increasingly aware of the information they share with companies, and expect organizations to protect that sensitive information. These two trends have led companies to invest in information security and data privacy practices.

The increased connectivity in modern vehicles adds convenience to drivers and passengers. However, it also sets in motion a proliferation of new cyber threats. Automotive manufacturers and suppliers are working to protect against these threats, identifying and implementing best practices needed to make modern vehicles more resistant to cyber-attacks.

Since the start of the pandemic, the cyber insurance industry has been facing its biggest challenge to date. A ransomware crime spree is demonstrating the speed and scale of cyber risk and how this type of risk is unlike any other insurable risk. The number of ransomware attacks increased by 150%. Total ransoms paid are up 311%. The dramatic rise in frequency and severity resulted in a record high loss ratio of 67% for insurance carriers.

The growing wave of cybercrime targets businesses in every industry, and law firms are no exception. With many unique cybersecurity risks, law firms are more onerous to secure than other organizations. In addition to having to fend off threats from cybercriminals, they must also overcome the threat posed by hacktivists and nation-states. Law firms are especially attractive to bad actors because attorneys need access to highly sensitive data to provide legal services.

The second a system is connected to a network, it becomes vulnerable to a cyber attack. We’ve seen news of companies experiencing cyber attacks across different industries more often than we can count. But now that the automotive industry has joined the digital bandwagon, cybersecurity threats and attacks are also becoming an issue.

It's easy for cybersecurity teams to think they're doing everything to stay ahead of data breaches and cyberattacks in this post-pandemic era. For instance, you've probably rallied qualified experts to augment your IT ecosystem and supplied them with state-of-the-art threat detection and mitigation technologies that offer real-time insight into your infrastructure security.