A cyber risk management strategy is a plan for how you will secure your organization from evolving cyber threats. Your strategy is made up of key elements that work together to create a comprehensive approach to proactively mitigating risks and protecting organizational assets. Here are the basic steps you should take to develop an effective cyber risk management strategy.

As the Chief Information Security Officer (CISO) at Arctic Wolf, I have a deep bench of security experts I can leverage to provide the organization with robust risk management, threat detection, security awareness training, and incident response. That’s an advantage that small businesses often don’t have.

With the average cost of a data breach now at $4.35 million, organizations need to take proactive measures to protect themselves and their data against cyber threats. Having a plan in place for how to respond to cyber incidents is an important step in increasing cyber resilience, protecting sensitive data, and saving money. But where should an organization start? And who should it trust?

Following the ransomware attack on a US pipeline company in May of 2021, the Transportation Security Administration (TSA) issued a series of security directives to enhance the cybersecurity posture of US transportation systems to mitigate cyber threats.

This NIST CSF questionnaire template will help you understand the degree of each vendor’s alignment with the high-level function of the NIST CSF framework - Identity, Protect, Detect, Respond, and Recover. Though this assessment only offers a superficial understanding of compliance, it’s sufficient for getting a sense of a prospective vendor’s security posture, especially when coupled with an external attack surface scanning solution.

Recently, a critical vulnerability tracked as CVE-2023-27997 was identified in Fortinet Fortigate appliances. Fortinet makes some of the most popular firewall and VPN devices on the market, which makes them an attractive target for threat actors. This vulnerability has been exploited by the Chinese APT group Volt Typhoon, among others, targeting governments and organizations worldwide. As a result, Fortinet has released an urgent patch for affected systems.

To manage cybersecurity risks effectively and maintain a strong defense posture, organizations need a clear understanding of their security program and the ability to measure their progress toward key objectives. Enter key performance indicators (KPIs), a mechanism that allows organizations to gauge and track their cybersecurity effectiveness.

The upcoming cybersecurity regulations from the U.S. Securities and Exchange Commission (SEC) deliver a clear message: Cyber risk is a business risk. Slated to be finalized this fall, the regulations will directly link financial performance to cybersecurity through required public disclosures. If a company is hacked, it can affect the stock price, the market capitalization, and customer trust. That is why the SEC is paying attention and has proposed these vital regulations.

21 CFR Part 11 is a set of regulations issued by the U.S. Food and Drug Administration (FDA) that establishes the criteria under which electronic records and signatures are considered trustworthy, reliable, and equivalent to paper records. In order to sell products in the United States, companies must demonstrate that their systems meet the standards set forth in Part 11. This can be a daunting task, as the requirements are numerous and detailed.

After a wave of zero-day attacks targeting widely used security and networking appliances, the Cybersecurity & Infrastructure Security Agency (CISA) is taking new measures to protect Internet-exposed networking equipment.