The Digital Operations Resilience Act (DORA) is the European Union’s attempt to streamline the third-party risk management process across financial institutions. A draft of DORA was published by the European Commission on 24 September 2020. Without this act, there isn't an objective Information and Communication Technology (ICT) risk management standard in Europe.
HIPAA compliance law, the Health Insurance Portability and Accountability Act in long form, is one of the compliance standards the public and private healthcare companies need to address for building and maintaining public trust in telemedicine. During the COVID-19 pandemic, telemedicine has been the solution to withstand the excess influx to hospitals and health centers, avoiding unnecessary exposure of patients.
For healthcare organizations, cybersecurity isn’t just about staying safe and protected from evolving cyber threats—it’s also about staying compliant. The most well-known healthcare regulation of them all is the Health Insurance Portability and Accountability Act (HIPAA), which recently celebrated 25 years on the books.
TYSONS CORNER, Va., September 8, 2021 – NeoSystems, a full service strategic outsourcer, IT systems integrator and managed services provider to the government contractor market, announced today that it is being acquired by High Street Capital, a Chicago-based private equity firm. Financial terms of the deal were not disclosed. The company will continue to be led by NeoSystems CEO and Co-Founder, Michael Tinsley, and Co-Founder and CTO, Rob Wilson, along with its current management team.
Utility companies are increasingly being targeted by cybercriminals. Although the highest profile utility cyber attack in recent memory was the May 7 ransomware attack on Colonial Pipeline that caused gas shortages on the East Coast, power companies of all kinds are popular with criminals for a reason: they can’t afford a shutdown and they have the money to pay a ransom.
Organizations are under tremendous pressure to deliver innovative products and stick to tight release timelines. To keep up with the rapid release schedule, engineering teams are adopting the DevOps model for its increased efficiency and agility. It has changed the way that development teams think. As a result, continuously improving performance and delivering releases faster have become standard.
Financial institutions are one of the most heavily regulated industries around, and for good reason. Access to the personal information and funds of their customers makes banks a popular target with hackers, and a dangerous location for a cybersecurity breach. With all of the regulations a bank needs to obey, it’s possible you may have overlooked the Payment Card Industry Data Security Standard, or PCI DSS.
Cybercrime is one of the most significant threats facing companies today. With the average cost of a data breach reaching an all-time high of $4.24 million , the business case for cybersecurity has never been stronger. Still, some businesses seem to misunderstand the urgency of meeting current cybersecurity standards. It may help to consider the legal consequences of poor cybersecurity.
Black Duck provides a comprehensive SCA solution for managing security, quality, and license compliance risks associated with open source use. Given today’s development trends, your organization is undoubtedly leaning heavily on open source in any number of ways. According to Synopsys’ annual Open Source Security and Risk Analysis (OSSRA) report.
According to a study conducted by Ropes & Gray, 57% of senior-level executives rate “risk and compliance” as the top two categories they feel the least prepared to address. There are a lot of misconceptions about compliance and risk management. Both help to prevent security threats to the organization’s legal structure and physical assets. And often, when people hear the terms compliance and risk management, they assume the two are the same.
