Cyber security risks have never been more apparent and costly. According to the survey data, the average cost to the U.S. organizations that experienced a cybersecurity breach in 2020 was approximately 8.64 million dollars per incident, up almost a half-million dollars from 2019. Rates of cyber security attacks and identity theft have significantly increased and seem to be only becoming easier for hackers and cybercriminals.
You probably have some form of cybersecurity program already in place. Maybe a Norton app that scanned this page for you before you opened it. While that may be good but yet not be enough to tackle or address the evolving cyber threats in the industry. We live in an era of rampant cyber security threats. Mistakes are as easy to make as they are punishing. In this article today let us take a look at why developing a cybersecurity program is worth the cost for your business.
Information Security Management System is an international standard designed to manage the security of sensitive information. At the core, ISMS is about managing the people, processes, and technology through a risk management program. While there are many standards under the ISO2000 family, the ISO27001 Standard is the most popular and widely accepted standard in the industry.
From the first online transaction in 1994, we have seen online transactions evolve faster than anticipated. With this also came an evolution of rules and regulations to avoid the abuse of personal data. The GDPR is one such regulation that has an important role in regulating the whole structure of online transactions. It has also led to the development of specialized fintech cybersecurity. But what exactly is the impact of the GDPR, and how is it helping?
CMMC 2.0 Model is the latest upgraded version of CMMC v 1.0 established back in 2020. The Department of Defense (DoD) in a bid to mitigate the growing risk of cyber security threats, released the Cybersecurity Maturity Model Certification (CMMC) framework in January 2020. The objective behind establishing this framework was to ensure that businesses maintain an appropriate level of cybersecurity to protect Federal Contact Information (FCI) and Controlled Unclassified Information (CUI).
The General Data Protection Regulation Act (GDPR) requires Data Controllers to establish a written agreement with the Data Processor stating the terms and conditions for the data processing activity. So, before getting into a contract with the Data Processor, a Data Processing Agreement must be signed between both parties regarding the conduct of processing personal data.
PCI DSS Compliance in Dubai for businesses dealing with payment card data is given great importance and priority. PCI DSS Compliance is a global payment card data security standard established in the online payment industry. It is a standard created and adopted by major card brands (Visa, Mastercard, Discover, American Express, and JCB) to promote secure card transactions in the industry. So, businesses that deal with these credit card brands need to ensure compliance with PCI DSS.
The Payment Card Industry Security Standard Council (PCI SSC) for the benefit of customers, cardholders, and other stakeholders of the industry established a stringent payment card security standard known as PCI DSS. Payment Card Industry Data Security Standard is a framework designed and developed to protect sensitive card data in the environment. The payment security standard is a comprehensive framework that outlines 12 requirements that organizations are expected to meet to ensure compliance.
According to a PwC poll, the epidemic has increased the number of employees working from home to almost 70%. Remote working, however, has its own set of risks. Companies are vulnerable to a host of network attacks because of employee-owned devices, insecure connections, and inappropriate device usage. That is where cybersecurity awareness training for employees comes into the picture and plays a key role in preventing cyber attacks.
With our mundane lives becoming more and more integrated with technology daily, it is important to impart awareness of the subject matter, as well. Technology and mainly the internet has changed the landscape of even our imagination, to say the least, and while it is still embarked on curving the bits and nooks of the world, some tweaks need to be paid attention to, also.
