Co-authored by David Willis and Gary Jenkins As we wrote in an earlier blog, the concept of cybersecurity risk continues to be codified, qualified, and, finally, quantified. With the rise of RESTful API endpoint support and near-real time telemetry sharing, companies can seize the opportunity to automate the IT/security stack’s response to risky users (in addition to devices, data, and applications—to be covered in future blogs).

The number and complexity of software vulnerabilities is continuously growing. The ability of development and security teams to assess the threat level a given vulnerability poses and prioritize fix efforts accordingly greatly depends on access to as much context as possible about the vulnerability.

‘A ship in port is safe, but that's not what ships are built for,’ said Dr. Grace Hopper, Rear Admiral of the US Navy and a computer pioneer. As soon as the ship leaves the harbor, or even the dock, there are risks. Depending on conditions and purposes, the ship's crew might decide they are negligible, that they can be recovered from, or that the potential rewards are worth the risk. The same ideas can be applied to computers.

As ever more business operations rely on software systems and online platforms, the range of cybersecurity risks they face become ever more complex. A strong risk management process can help, enabling organizations to detect potential threats, gauge the potential disruption, and implement mitigation plans to minimize the risk of harm. That said, merely implementing a risk management plan is not enough to ensure optimal cybersecurity.

In today's business landscape, organizations rely heavily on digital systems, applications, and webpages for their daily operations. However, with the increasing use of technology comes growing risks of unauthorized access to sensitive information and data.

Third-party vendors are a vital part of your business ecosystem. But if you’re not careful, these companies can introduce cyber risk. The SolarWinds supply chain hack is a notable example of the jeopardy that even the most trusted partnerships can yield. But with so many moving parts, creating a supplier risk management plan – and executing on it – can be a challenging and arduous task. According to Gartner, 60% of organizations work with more than 1,000 third-party vendors.

Welcome to our latest podcast episode, where we delve into the fascinating realm of AI in cybersecurity. Phil Agcaoili, the esteemed entrepreneur, and former CISO professional, joins us in this fascinating discussion. Alongside our hosts, Max Aulakh and Joel Yonts, we unravel the profound impact of artificial intelligence on cybersecurity, compliance, and the workforce.

Your organization’s cybersecurity ecosystem is complex. It covers a wide range of internal digital assets but also extends beyond the network perimeter to other entities, such as vendors, suppliers, and cloud service providers—making you increasingly vulnerable to cyber risk. To secure this ecosystem, you need both an outside-in and inside-out perspective of vulnerabilities and risks.

As part of our continued commitment to making the world a safer place, SecurityScorecard recently partnered with the Transportation Security Administration (TSA). This partnership will enable the agency to more accurately monitor and assess the cyber health of the nation’s pipeline, rail, and aviation transportation systems.

Cyber risk is not just a security issue, it’s also a business issue. When security leaders and their businesses don’t see eye to eye, resources get misallocated, expectations aren’t met, and businesses are left unprepared to face threats. SecurityScorecard launched its Cyber Risk Quantification product in April 2022, allowing customers to quantify the financial impact of cyber risk and help facilitate collaboration and communication among business stakeholders.