Security | Threat Detection | Cyberattacks | DevSecOps | Compliance

You and your board have the same goal: to drive your organization in the right direction. That makes everything easy, right? Well, not always. Whereas the problem used to be an overall lack of security awareness, boards now are very much aware of the business risk less-than-robust cybersecurity poses. Today, it’s all about communicating effectively and fluently, especially when introducing cybersecurity solutions.

Effectively evaluating risk goes a long way toward improving an organization’s cybersecurity posture. The Cloud Security Alliance (CSA) is the world’s leading organization dedicated to defining and raising awareness of best practices to help ensure a secure cloud computing environment. CSA’s partnership with SecurityScorecard will enhance their members’ ability to evaluate their own risk and that of their entire business ecosystem.

On October 5, a cyber incident disrupted the availability of three state government websites. The Russian-speaking KillNet group claimed responsibility. As discussed in previous SecurityScorecard research, KillNet began as a financially-motivated operation offering a botnet for hire. It has since remodeled to a hacktivist collective, conducting a series of relatively low-sophistication DDoS attacks against targets linked to entities perceived to oppose the Russian invasion of Ukraine.

The U.S. Transportation Security Administration (TSA) recently issued new cybersecurity regulations for passenger and freight railroad carriers to enhance cybersecurity resilience with performance-based measures. This security directive includes a new requirement for railroad carriers to build continuous monitoring policies and procedures. This is the latest of several recent initiatives on the U.S. state and federal levels requiring continuous monitoring of cyber risk.

Can you imagine a world without software? No, neither can I. The same goes for many other technology-based products, such as cell phones. Software is everywhere and it’s critical to businesses of all sizes. In this article, we discuss the software supply chain risk management process needed to protect your business from risks in the software supply chain and how that affects product development speed in what seems like an ever-changing market landscape.

The banking and financial sector is known for its dependence on third-party vendors that help provide customers with quality financial products and services. It is one of the most interconnected sectors, making it one of the most vulnerable to cyberattacks. And because third parties operate through the banks they are contracted with, any losses are the bank's responsibility.

The finance industry has the second highest average data breach costs at US$5.97 million per breach, according to IBM and Ponemon Institute’s 2022 Cost of a Data Breach report. While strict regulations force finance companies to invest heavily in protecting customer data, their third-party vendors don’t necessarily do the same. Finance security teams need a proactive approach to third-party risk management. Visibility into your vendor’s attack surface is critical.

Seeking to stay ahead of hackers, many researchers have asked themselves what drives cyber risk. And many cyber insurance carriers have wondered how to accurately underwrite and price the risk. According to preliminary results from SecurityScorecard’s joint work with our cyber insurance partners, the answer is clear but multi-faceted.