Modern organizations operate in a complex business landscape. Increasingly, they rely on a plethora of third-party partners, vendors, and subcontractors to generate value, boost competitiveness, and strengthen their bottom line. And yet, these same third parties also create numerous risks that can disrupt the organization’s operations, affect its financial standing, and damage its reputation.
A huge swath of the U.S. workforce doesn’t actually hold a full-time job. As many as 40 percent of Americans work in the so-called “gig economy” — driving for ride-share services, selling handicrafts online, pet-sitting, managing a social media account for a local company, and so forth. Typically, a technology company (Uber, Etsy, Rover, AirBnB; the list is endless) matches those workers with customers who have a need.
The global economy is more connected than ever, generating significant benefits for companies and industries operating worldwide. Nobody, however, is exempt from threats that drive supply chain and manufacturing risk. There is no doubt that the manufacturing industry is beset by numerous risks that affect the company and its human assets.
News of ransomware attacks disrupting supply chains has increased recently. As threat actors disrupt businesses and critical infrastructure, they may appear to be working harder. However, cybercriminals treat ransomware as a business, enabling an underground industry. Ransomware-as-a-Service (RaaS) is a growing underground industry that continues to place sensitive information at risk.
The Health Insurance Portability and Accountability Act (HIPAA) of 1996 is a U.S. federal law meant to protect sensitive electronic protected health information (ePHI). Every healthcare organization (“covered entity”) must comply with its two fundamental rules. In 2013, the U.S. Department of Health and Human Services (HHS) passed the HIPAA Omnibus Final Rule, which expanded compliance requirements to the business associates that also handle ePHI on behalf of covered entities.
Vendor tiering is the key to a more resilient and sustainable third-party risk management strategy. But like all cybersecurity controls, it must be supported by the proper framework. To learn how to optimize your Vendor Risk Management program to greater efficiency through best vendor tiering practices, read on.
Security teams are struggling to contend with the expanding third-party attack surface which is fueled by the pernicious cycle of poor vendor risk management.
Connected devices offer healthcare providers ways to remotely monitor patient health. Additionally, hospitals use these devices for enhanced patient care, including medication delivery and vitals monitoring. However, malicious actors often use unsecured IoMT as part of their attack methodologies.
Understanding your organization’s cybersecurity posture is becoming more important every day. So how do you know how secure your IT infrastructure really is? One way to get a glimpse into your organization’s security is penetration testing: pretending (or hiring someone to pretend) to be a hacker, attempting to infiltrate your organization’s physical and cyber systems however possible.
Cyberattacks against businesses of all sizes are at all-time highs. Data from 2021 and projections for the future of cybersecurity suggest that the frequency and intensity of these attacks will only continue to grow. At the forefront of most cyberattacks in 2020 was ransomware, a type of malicious malware attack where attackers encrypt your organization’s data and demand payment in exchange for a decryption key to restore access.
