The SWIFT Customer Security Controls Framework (CSCF) is a key global cybersecurity framework that provides recommended and mandatory security controls for banking institutions that use the SWIFT banking system. The framework is designed to help financial institutions improve their cyber resilience and ensure that participants within the SWIFT network adhere to a stringent set of security compliance standards. Find out how UpGuard helps the financial services industry meet compliance standards >

Modern business operations have become synonymous with outsourcing to vendors, as essentially every business relies on at least a few third-party partnerships to improve efficiency and enhance capabilities. However, these partnerships also present various cybersecurity risks that can negatively impact an organization’s performance, reputation, and compliance with industry regulations and standards. To mitigate these risks, organizations must develop a robust Vendor Risk Management (VRM) process.

The General Data Protection Regulation (GDPR) is one of the world's most stringent data protection laws, designed to safeguard individuals' personal data in Europe. Since its implementation in May 2018, GDPR has significantly impacted how organizations collect, store, and process personal data. Noncompliance with GDPR can lead to severe penalties, including hefty fines and reputational damage, making it imperative for organizations to understand and adhere to its requirements.

In today's world, where cyber threats are increasingly sophisticated, organizations must take strong security measures to protect sensitive data and maintain operational integrity. One effective way to show your dedication to cybersecurity is by obtaining Cyber Essentials certification. This government-backed scheme in the UK helps organizations implement essential security controls to defend against common online threats.

As the NIS2 Directive reshapes the cybersecurity landscape across Europe, a key focus for organisations is understanding and managing their critical suppliers. The directive mandates heightened scrutiny and tighter controls around these essential entities, underscoring their importance in your overall cybersecurity strategy. But the pivotal question remains: How do you determine who qualifies as a 'critical supplier'?

While the Fourth of July is typically considered a day of celebration for those in the U.S., many don’t realize it’s also a period of heightened risk. In fact, this isn’t unique to the Fourth of July: holidays often see an uptick in cybersecurity threats. With the Fourth of July nearly upon us, let’s examine why this happens and how you can protect yourself and your business.

‍After unearthing evidence as early as May 2024, cloud computing–company Snowflake released an official statement on June 2, reporting that they were investigating a series of targeted cyber events. A week later, Google's Mandiant, who, alongside Crowdstrike, is aiding Snowflake in this investigation, concluded that clients had been attacked after malicious actors had gotten access to compromised credentials.

In the last decade, outsourcing to third parties–especially in the gig economy–has taken over key functions that enterprises used to handle internally. Today’s companies are frequently virtual–using third-party services that span the likes of application development, back-office corporate functions, contract manufacturing and research, marketing, and core IT services.

We are delighted to announce that UpGuard has once again been recognized as the Leader in Third-Party and Supplier Risk Management Software by G2. The publication of G2's Summer 2024 report marks eight consecutive quarters were UpGuard was named a Category Leader. Established in 2012, G2 is a trusted resource for software reviews and customer feedback. It guides over 90 million users, including employees from all Fortune 500 companies, in making informed software choices.

In today's interconnected business landscape, Third-Party Risk Management (TPRM), sometimes called vendor risk management (VRM), is a critical cybersecurity strategy for organizations aiming to safeguard their operations and reputation. With most companies increasing their reliance on external vendors and service providers, managing and mitigating risks associated with these third-party relationships is paramount.