The vendor risk management process is now an essential requirement of all cybersecurity programs. Without it, you're a sitting duck for supply chain attacks and third-party data breaches. In recognition of this, regulatory bodies are increasing their third-party risk compliance requirements and enforcing obedience by threatening heavy financial penalties for non-compliance.
As the digital world continues to rebuild after the Log4j hurricane, the threat landscape is once again disturbed by the rumbling of an approaching zero-day storm. After barely recovering from a zero-day dubbed as the worst hack ever encountered, concerns are understandably heightened, and as a result, there are many misconceptions about the severity of Spring4Shell.
Organizations must enact effective third-party risk management (TPRM) programs to ensure their vendors fulfill cybersecurity requirements. Otherwise, they risk carrying the financial and reputational harm caused by customer data breaches. The PCI DSS standard covers aspects of third-party risk management as it's applicable to all organizations that process credit card data, especially the heavily regulated finance industry.
On March 31, 2022, the Security Legislation Amendment Critical Infrastructure Protection Act 2022, also known as SLACIP, was passed by the Australian Parliament. The SLACIP Act aims to build upon the SOCI Act framework to improve the security of Australia’s critical infrastructures. To learn how the SOCI Act reforms will affect you and for guidance on how to comply with its new risk management requirements, read on.
Ransomware attacks and data breaches seem to be continuously contending for the top positions in news feeds. But what's the difference between these cyber threats and which should you be most concerned about? For a comprehensive breakdown of each type of cyberattack, read on.
The National Institute of Standards and Technology (NIST) has issued special publications focused on improving Third-Party Risk Management (TPRM) and Supply Chain Risk Management (SCRM). The NIST Cyber Security Framework (NIST CSF) special publication has become a popular option for its unique applicability to all industries with critical infrastructures. NIST CSF isn’t a light read.
The National Institute of Standards and Technology (NIST) has produced several publications addressing the different components of information technology security within the NIST 800 computer security series. Compliance across this entire NIST 800 series is expected for all internal and external service providers of government entities - such as the DoD federal agencies.
The SolarWinds supply chain attack highlighted how vulnerable supply chains are to cyberattacks. Supply chain risk mitigation has since become an essential component of risk management strategies and information security programs. To support the success of this effort, we’ve listed the top 4 supply chain security risks you need to be aware of in 2022.
The National Institute of Standards and Technology (NIST) has responded to the increased prevalence of third-party risks by specifying industry standards for securing the supply chain attack surface - the attack surface most vulnerable to third-party risks.
To remain competitive in today's market, businesses in all industries must maintain strict production regulations to decrease downtime and critical errors that could negatively impact their reputations. Organizations can't afford to wait until an event occurs to devise a problem-solving strategy. Your business provides critical products or services to its customers. Any interruption in that service could mean that your customers will seek ways to meet their needs elsewhere.
