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.
In the first part of this series, we looked at some common issues when a Chief Information Security Officer (CISO) is communicating with the Board. At the heart of many of these issues is how the CISO and upper management view security. As one CISO recently told me, "It's a catch-22 situation: If the business leaders don't consider this to be a business problem, they are unlikely to listen to people they don't consider to be business leaders telling them it is.".
At a swanky steak house on Manhattan’s Upper West Side, I sat with 100 other security professionals in a dimly lit wood-panelled room, its walls lined with photographs of famous and near-famous patrons. Nearly all of us were at least one cocktail into our evening of high gustation, storytelling, and network building. (Old Fashioneds were the drink of choice that evening).
Just as your organization thinks it is prepared, new cyber threats appear. In March 2023, the European Union Agency for Cybersecurity (ENISA) published its list of the 10 top cybersecurity threats to emerge by 2030.
SOC 2 reports evaluate internal controls to see how well a company identifies, assesses, mitigates, and monitors risks. In the context of third-party risk management (TPRM), a SOC 2 can give you confidence that your critical vendors are following best practices to protect your data. If you’re getting started with SOC 2 for third-party risk management or need an update, this blog has got you covered.
Cyber attacks aren’t just on the rise; they are skyrocketing. Incidents of ransomware alone nearly doubled last year. A new study by CrowdStrike finds that ransomware-related data leaks increased by 82% in 2021. Furthermore, ransom demands now average $6.1 million per incident, a 36% increase from 2020. Clearly, reacting to and remediating security threats when they arise is not going to cut it anymore.
