The definition of “operational risk” is variable but it generally covers the risk of loss resulting from inadequate or failed internal processes, people and systems or from external events. I, however, want to re-examine this general definition, so that the definition of operational risk takes into account all the cybersecurity-related risks that are currently plaguing organizations today. With the current definition, one cannot quantify internal processes and people.

Today, I’m excited to announce that AlienVault® Open Threat Exchange® (OTX™) has grown to 100,000 global participants, representing 36% percent year-over-year growth. AlienVault OTX, launched in 2012, is the world’s first free threat intelligence community that enables real-time collaboration between security researchers and IT security practitioners from around the world.

As data growth compounds, organizations face the challenge of deciding how to invest in their future data strategy.

In the world of globalization, technology is being capitalized in every walk of life. People are transforming their routine works into machine-based automated tasks. The same is happening in the case of cybersecurity. SOAR solution, as one of the most effective cybersecurity solutions, provides security orchestration, automation, and response that help security analysts to manage and respond to numerous alarms at rapid speed.

Even if you don’t work in the cyber-security world, you won’t have failed to notice that businesses of all sizes appear to be getting hacked on a scarily regular basis. These news reports may even help you decide whether to stay with a company or not. For example, if your gas provider experienced a security breach and lost your personal information, would you stick with them, or would you move to a seemingly more secure provider?

A selection of this week’s more interesting vulnerability disclosures and cyber security news. A plethora of choice this week to pick three items of interest… Where to start… OK, first is this very odd fiasco over the Bloomberg story about Super Micro. So much seems wrong, but why are they sticking to it?

Creating the best algorithms can’t be magic; it needs to be a replicable process for your team. What are the critical needs for this to happen? According to Gartner, “Companies will be valued not just on their big data, but on the algorithms that turn that data into actions and impact customers.” This emphasizes the need for organizations to embrace algorithms as the foundation of their business logic.

One of the biggest concerns of any cybersecurity analyst is whether or not they will be able to stop an attack before it can do any damage. That said, making sense of the flood of alerts is, in itself, a time-consuming task. As networks become more complex and malicious attacks become more advanced, it can become difficult to hit your incident response targets. With the right network security tools, however, your organization very quickly can detect, prioritize and remediate threats.

If I never hear the phrase “Data is the new oil” again I will die a happy man. Don’t get me wrong – I wholeheartedly believe in the value of data and its power to transform businesses – but the frequency with which I hear this phrase reminds me we are still in the adolescent fascination phase of how we look at the power of data.