Ransomware groups have generated so much damage that the United States Federal government has made it a top priority to thwart such efforts including, hosting a major international summit on the topic, setting up a ransomware task force and repeatedly urging organizations to improve their cyber resilience.
Today’s business landscape means having various business partners. From contractors to technology vendors, third parties are now part of everyone’s daily operations. However, with every new third-party you onboard, you also add a new risk. Supply chain attacks compromise your data, even if the third-party isn’t providing you a technology solution. To secure your data, you need to identify and classify high-risk third parties.
Organized cybercriminals are leaving traditional bank robbers in the dust. Nowadays, the banking sector’s most significant security concerns come in the form of online threats. Banks and other financial institutions process millions of transactions daily, with the majority of the transactions done via digital payment transfer platforms. For that reason, banks have become enticing targets for cybercriminals.
As organizations migrate to the cloud and adopt more “as-a-Service” technologies, identity and access have become the perimeter. Remote workforces mean that limiting access according to the principle of least privilege is a fundamental security control. As part of securing applications and networks, organizations need to focus on users with privileged access because they pose greater insider and credential theft risks.
Boards of Directors constantly need to be educated about and aware of their organizations’ cybersecurity posture. Regulations hold them responsible for decision-making and governance. Meanwhile, increased ransomware attacks pose a financial risk to their shareholders. To enhance the risk analysis, questions like these can provide visibility into the company’s strategy.
Threat intelligence feeds enable organizations to stay informed about indicators of compromise (IoCs) related to various threats that could adversely affect the network. These feeds also help to inform tools like SecurityScorecard’s Security Data by providing a source of information to collect, analyze and share with customers.
Rizal Commercial Banking Corporation (RCBC) begun as a small development bank in the Philippines and has grown to encompass a wide range of financial services and branches in the U.S., Europe, Australia and New Zealand. Like any financial institution, it must comply with a host of regulations and is a prime target for malicious actors.
The healthcare industry has always been an appealing target for cybercriminals. From high-value patient data to a low tolerance for downtime that could disrupt patient care, cybercriminals continue to find ways to take advantage of healthcare cybersecurity practices. In recent years, the healthcare industry has seen a 55% increase in cybersecurity threats, turning attacks on healthcare providers into a $13.2 billion industry and making it a gold mine for cybercriminals.
