UpGuard CyberRisk enables organizations to control and monitor third-party vendor risk in real-time and improve their security posture. Since we launched CyberRisk, our team has been speaking to users and evolved the platform into two new modules, BreachSight and VendorRisk. Combined with a redesigned user experience, UpGuard is easier to use than ever.
Defined as critical infrastructure, the oil & gas industry increasingly faces cybersecurity risks as nation-state cybercriminals attempt to undermine other countries. The integration of information technology (IT) systems into operational technologies (OT) creates a unique threat to the oil and gas industry that places both the companies and the public at risk.
Insurance companies know how to insure their clients’ homes, cars, and businesses, but they may find it difficult to ensure that the information they collect remains secure. While the insurance industry focuses on risk-based analyses for premiums, it needs to focus internally and use those same risk management processes for securing customer information.
Supervisory Control Data Acquisition Systems (SCADA) communicate with industrial control systems (ICS) to provide manufacturers monitoring and analysis in real-time. However, the SCADA systems, established initially in the 1960s, cannot keep pace with the speed at which cybercriminals evolve their threat methodologies. Understanding risk assessment in the manufacturing industry means recognizing the concerns specific to these technologies.
Developing software while maintaining its embedded security can feel like the “Impossible Dream.” As you update your product, you’re potentially adding new vulnerabilities. As part of the risk management process in software engineering, you need to work with cybersecurity professionals throughout the software development life cycle (SDLC) to create a mature security profile.
If you ever purchased a “one-size-fits-all” item of clothing, you know that it’s never really going to fit everyone. Some people are too shirt and others too tall. Most cybersecurity standards and regulatory requirements recognize the same limitations apply to cybersecurity. Multinational corporations have different needs when compared to small and mid-sized organizations.
With the constant barrage of headlines regarding breaches in the last few years, it seems that society in general has become numb to losing personal data. This year’s overarching cybersecurity theme is clear: We’re all in this together because we simply can’t do it alone. Effective defense demands a team effort where employees, enterprises, and end users alike recognize their shared role in reducing cybersecurity risks.
Creating a vendor management program is difficult. However, that’s only the first part of the process. To fully implement your plan, you need to measure its effectiveness at reducing risk. To do that, you need objective key performance indicators (KPIs) for determining how well your vendors comply with the outlined controls in the service level agreement.
Although often used interchangeably, risk appetite and risk tolerance distinguish themselves from one another in a nuanced way. While most regulations and standards focus on the risk management process, few clearly define the differences between these terms in a meaningful way. However, to create an effective cybersecurity program, you need to be able to separate risk appetite from risk tolerance so that you can develop appropriate controls to protect data.
