COVID-19 has us reeling from health, social, and economic shocks, but this isn’t our first global crisis. It is, however, the first in which cybercrime plays a starring role. The world has faced several pandemics in the past 100 years—several influenza pandemics including swine flu (H1N1) and Avian, or bird, flu, and HIV/AIDS—as well as economic depression and a number of recessions.

An FCPA compliance program checklist outlines the things an American company needs to check when it wants to do business in a foreign country to ensure it follows the guidelines of the U.S Foreign Corrupt Practices Act (FCPA) of 1977. The FCPA is a federal law that aims to prevent all U.S. companies and their officers, directors, employees, and agents from making corrupt payments to foreign government officials to retain or obtain business.

Cyber attacks, misconfiguration, and data leaks are more common than ever before, as are cybercriminals. Our news cycle is full of first and third-party data breaches that expose the protected health information (PHI) and personally identifiable information (PII) of thousands or even hundreds of millions of people. Not only are data breaches more common, but they're also more costly. The average cost of a data breach is now nearly $4 million globally.

The average cost of a data breach is now nearly $4 million, and the unfortunate truth is third-parties are a significant source of cyber risk. These increasing costs are why cybersecurity vendor risk management (VRM) is a top priority for CISOs, Vice Presidents of Security, and other members of senior management, even at the Board level. In addition to financial costs, regulatory and reputational costs are increasing.

National Institute of Standards and Technology (NIST) Special Publication (SP) 800-37 revision 2 is a Risk Management Framework for Information Systems and Organizations: A System Lifecycle Approach for Security and Privacy. NIST SP 800-37 rev 2 was published in December of 2018 and describes the Risk Management Framework (RMF) and guidelines on how to apply RMF to information systems.

The news cycle is full of third-party data breaches and data leaks. And for a good reason, they often expose the protected health information (PHI) and personally identifiable information (PII) of thousands or even hundreds of millions of people. Cyber attacks and misconfiguration are more common than ever before. Organizations need to invest in tools to prevent data breaches and reduce cybersecurity risk: particularly risks that involve third and fourth-parties.

Cyber attacks, misconfiguration, and data leaks are more common than ever before. Our news cycle is full of first and third-party data breaches that expose the protected health information (PHI) and personally identifiable information (PII) of thousands or even hundreds of millions of people. Not only are data breaches more common, but they're also more costly. The average cost of a data breach is now nearly $4 million globally.

Third-party vendor data breaches are becoming an epidemic for organizations that themselves have solid information security programs. The Ponemon Institute has proven year over year in its survey that the cost of third-party data breaches increases with each survey. Many struggle with how exactly to hold third-party vendors accountable and enforce the same rigid standards and controls that they consume internally. The big question is: how do organizations prevent third-party vendor data breaches?

The average cost of a data breach is now nearly $4 million and the unfortunate truth is third-parties are a significant source of cyber risk. This is why cybersecurity vendor risk management (VRM) has become a top priority for CISOs, Vice Presidents of Security, and other members of senior management, even at the Board level. In addition to financial costs, there are increased regulatory and reputational costs.

Every day third-party data breaches and data leaks inundated our news cycle. And for good reason, the average cost of a data breach is nearly $4 million globally. This has led to organizations looking for ways to reduce cyber risk and prevent data breaches. Vendor risk management (VRM) is now a top priority for CISOs and other members of senior management, even at the Board level.