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The Role of Cybersecurity in Mergers and Acquisitions (M&A)

Mergers and acquisitions (M&A) are on the rise post-COVID-19, as ongoing digital transformation has more companies acquiring others to enhance existing capabilities, reach new markets, or reduce competition. While mergers and acquisitions already involve many factors contributing to their risks and impacting the decision-making process, the evolving cyber threat landscape makes this even more complex.

How to Identify Vulnerable Third-Party Software (Quickly)

Third-party software security risks are on the rise, and so are the significant cyberattacks they facilitate. According to a CrowdStrike report, 45% of surveyed organizations said they experienced at least one software supply chain attack in 2021. In 2023, the average number of SaaS apps used by each company is 130 - a 5x increase compared to 2021.

How Do You Mitigate Cyber Risks in Healthcare?

Healthcare is one of the most targeted sectors due to the large amounts of valuable patient data, medical records, and protected health information (PHI) that institutions handle. Additionally, the healthcare sector and its service providers are notoriously slow at adopting new technology, making them particularly vulnerable to external cyber attacks.

How Do You Perform a Supplier Risk Assessment?

When choosing a supplier to partner with, organizations need to perform their due diligence and assess the cyber risks associated with each particular supplier using risk assessment evaluations. Part of the supplier lifecycle management process includes ensuring that these third parties are meeting minimum security requirements, maintaining strong cybersecurity programs, and adhering to all relevant compliance regulations.

Developing a Culture of Cybersecurity Within Your Organization

Building a cyber-resilient organization requires more than implementing the best cybersecurity practices. Cybersecurity must be woven into the culture of the organization from the top down. Because 95% of data breaches result from human error, creating a cybersecurity culture can significantly cut down on security breaches by emphasizing the importance of cybersecurity. Cybersecurity is only as strong as its weakest link.

How to Detect Internet-Facing Assets for Cybersecurity

The efficacy of an organization’s cybersecurity program is proportional to the level of awareness of its attack surface. Overlooking just one internet-facing asset could establish an attack vector leading to a devastating data breach. To learn how to ensure all of your internet-facings IT assets are accounted for in your cyber risk program, read on.

How to Track All of Your Fourth-Party Cybersecurity Risks

A lack of direct communication with your fourth-party vendors makes tracking their security risks difficult. Thankfully, there are methods of overcoming this issue to help you remain informed of emerging fourth-party risks to help you easily track emerging fourth-party threats within your Fourth-Party Risk Management program. To learn how UpGuard can help you track your fourth-party risk, click here to request a free trial.

How 5G Technology Affects Cybersecurity: Looking to the Future

5G refers to the 5th generation of mobile phone wireless network capability. It has captured attention and excitement because of its ability to connect people, objects, and devices more frequently and seamlessly than ever, along with its higher network speeds, extremely low latency, and more reliable network performance. It is relatively early in its evolution, but forecasts predict there will be more than 3.5 billion 5G connections worldwide by 2025.

How to Assess Cyber Risk for Potential Vendors (Complete Guide)

Assessing cyber risk for potential vendors is one of the most important aspects of managing third-party risk for any organization. The vendor risk assessment process helps businesses decide which partners or service providers to work with and, more importantly, who to trust with their most sensitive data.

How Do You Determine Vendor Criticality?

Vendor criticality is the level of risk that vendors are categorized into during the risk assessment phase. Determining vendor criticality is an essential part of the third-party risk management (TPRM) program to help organizations better prioritize their risk remediation goals. As part of the vendor risk assessment and vendor due diligence process, understanding the risk criticality levels of each vendor plays a huge role in preventing data breaches from occurring.