As workforce productivity increasingly depends on web-based applications, browsers have become essential gateways to the “connectivity economy.” According to recent data, 93% of desktop internet traffic in 2023 traversed through four popular web browsers.

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.

On June 25, 2024, Progress Software, the parent company of the MOVEit software suite, officially released details for two critical vulnerabilities identified in MOVEit Gateway and MOVEit Transfer, CVE-2024-5805 and CVE-2024-5806 respectively. MOVEit Transfer is a managed file transfer solution that supports the exchange of files and data between servers, systems and applications within and between organizations.

Modern organizations know that protecting their data is absolutely critical. That’s where cloud security compliance comes in. Satisfying regulatory standards helps organizations protect against unauthorized access and data breaches, as well as other security incidents. Beyond protecting data, compliance also protects organizations from the legal implications and financial effects of attacks.

Increasing your online customer base might seem beneficial, but is it always advantageous for your business? Our guide aims to help you identify and understand customers who might pose long-term challenges, commonly referred to as high-risk customers. Financial institutions, such as banks, must adhere to regulations that require thorough customer screening to prevent fraud and money laundering.

In 2021, Amazon suffered a financial setback of around $34 million due to a one-hour system outage that led to a considerable loss in sales. Meta suffered a loss of nearly $100M because of Facebook’s 2021 outage. The consequences of downtime can be severe, and businesses of all sizes and governments can be affected. A DDoS attack can bring a business to a complete standstill for hours, leading to a substantial loss in revenue.

The US FBI and the Department of Health and Human Services (HHS) have released a joint advisory warning of a social engineering campaign that’s targeting the healthcare industry. “Threat actors are using phishing schemes to steal login credentials for initial access and the diversion of automated clearinghouse (ACH) payments to US controlled bank accounts,” the advisory states.

CDK Global, a company that provides software for thousands of auto dealers, was hit by back-to-back cyberattacks on June 19. These attacks led to an outage that continued to impact many of their sales operations on Friday, according to the Associated Press. CDK told multiple news outlets that it is "actively investigating a cyber incident," and the company shut down all of its systems out of an abundance of caution.

The recent attack on Snowflake accounts underscores a critical lesson for all cloud users: securely managing identities and access is paramount under the shared responsibility model. As more organizations leverage cloud services, it’s essential to understand that security is a collaborative effort between the service provider and the customer.