It’s that time of the year again, 2024 planning. Security and third-party risk management leaders are scrambling to prioritize their initiatives for the coming year, advocate for more resources, and report on their progress over the past year. When only 16% of organizations report that they effectively manage third-party risk, the new year provides a blank slate to introduce new efficiencies to existing processes.

Just like other insurance markets, subjectivities have become a staple of cyber insurance. When a cyber insurance underwriter issues a quote to the broker and insured, there may be additional requirements that must be met before the policy and coverage are activated. The management and resolution of these subjectivities creates friction for all stakeholders involved. It takes longer for insureds to obtain coverage, for underwriters to collect premiums, and for brokers to earn their commission.

Bitsight today announced its participation in the Microsoft Security Copilot Partner Private Preview. Bitsight was selected based on their proven experience with Microsoft Security technologies, willingness to explore and provide feedback on cutting edge functionality, and close relationship with Microsoft.

Amid a rise in regulatory pressure for cybersecurity leaders in Europe, with DORA and NIS2 as the most recent examples, cyber risk analytics are emerging as an instrumental tool in ensuring compliance. And there’s evidence that proves it.

The modern application landscape is rapidly evolving, creating new tools, technologies, and processes that allow organizations to deploy production code faster. But risks to application security have also changed significantly, requiring the security discipline to evolve in order to adapt to new types of attacks.

As we go into 2024, many organizations are looking at their cybersecurity programs and considering how to allocate their application security testing resources. Although making sure that you’re allocating testing resources to OWASP top 10 vulnerabilities like cross-site scripting (XSS) may not feel innovative, it’s one of the best ways to ensure your organization’s security posture.

McLaren Health Care is a network of 13 hospitals and three clinics serving the residents of north and central Michigan. They care for more than 732k lives by providing various services and network solutions, including a national cancer institute. Around August 2023, McLaren suffered a cyberattack—exposing the data of 2.2 million people.

Here we are, at the end of 2023. It’s high time for updating defence in depth strategies across all organisations, and let me tell you why. We’re all aware of the uptick in high profile cyber attacks and compromises, across all sectors. Ransomware specifically has caused more economic loss and pain for the business world than any other information security event previously, and attacks are speeding up at a steady rate with larger and larger targets and ransoms being asked.

Unless you have been hiding under a rock the last few weeks, you will know about the SEC taking action against the SolarWinds CISO in a landmark case that is going to change the way CISOs undertake their jobs in the future. The SEC’s action against the SolarWinds CISO is a wakeup call for all CISOs.

In today’s fast-paced world, the hospitality industry is experiencing rapid transformations, particularly when it comes to welcoming new customers. First impressions matter, and the onboarding process plays a pivotal role in shaping these initial interactions. Customer onboarding is not merely about greeting your guests; it is about clearing any doubt of fraud and compliance, ID verification solutions help in ensuring this.