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.

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.

In 2013, the Australian Prudential Regulation Authority (APRA) introduced Prudential Practice Guide CPG 235, a comprehensive framework designed to enhance data risk management across the finance sector. This guide provides financial institutions with principles and best practices to safeguard data integrity, confidentiality, and availability. This blog explores CPG 235, its key components, compliance requirements, and how implementing the framework can enhance data security standards at your organization.

As cyber threats increase in complexity and frequency, traditional security methods often fall short of safeguarding sensitive data and vital systems. DevSecOps offers a groundbreaking approach by incorporating security practices into all stages of the software development lifecycle (SDLC). By uniting development, security, and operations, DevSecOps ensures that security is a collective responsibility, promoting a culture of collaboration and ongoing enhancement.

As our 2024 Rating Algorithm Update (RAU) goes live on July 10, 2024, we wanted to share some research that validates this update and reinforces the importance of the RAU process. As we noted in our announcement blog, after RAU 2024, remediated Patching Cadence findings will impact the Bitsight Rating for 90 days after the last vulnerable observation instead of 300 days.

The Personal Information Protection and Electronic Documents Act (PIPEDA) is a Canadian data privacy law that governs how private sector organizations collect, use, and disclose personal information when conducting commercial activities. By setting strict requirements for private businesses, PIPEDA ensures that individuals and customers have control over how their data is managed.

Remote work has become the new normal for many organizations worldwide. According to USA Today, approximately 14% of Americans now work from home, and around a third of all people who can work remotely choose to. Hybrid work is also increasing, with 41% of people splitting time between home and the office.

As Chief Information Security Officers (CISOs), it's crucial to manage risks in a holistic and consolidated manner as the landscape of threats, particularly those targeting applications, continues to evolve and expand. With the increasing reliance on digital technologies, artificial intelligence (AI), and cloud-based services, the attack surface for potential cyber threats is growing and changing.