With the average cost of a data breach now at $4.35 million, organizations need to take proactive measures to protect themselves and their data against cyber threats. Having a plan in place for how to respond to cyber incidents is an important step in increasing cyber resilience, protecting sensitive data, and saving money. But where should an organization start? And who should it trust?

Following the ransomware attack on a US pipeline company in May of 2021, the Transportation Security Administration (TSA) issued a series of security directives to enhance the cybersecurity posture of US transportation systems to mitigate cyber threats.

Recently, a critical vulnerability tracked as CVE-2023-27997 was identified in Fortinet Fortigate appliances. Fortinet makes some of the most popular firewall and VPN devices on the market, which makes them an attractive target for threat actors. This vulnerability has been exploited by the Chinese APT group Volt Typhoon, among others, targeting governments and organizations worldwide. As a result, Fortinet has released an urgent patch for affected systems.

The upcoming cybersecurity regulations from the U.S. Securities and Exchange Commission (SEC) deliver a clear message: Cyber risk is a business risk. Slated to be finalized this fall, the regulations will directly link financial performance to cybersecurity through required public disclosures. If a company is hacked, it can affect the stock price, the market capitalization, and customer trust. That is why the SEC is paying attention and has proposed these vital regulations.

After a wave of zero-day attacks targeting widely used security and networking appliances, the Cybersecurity & Infrastructure Security Agency (CISA) is taking new measures to protect Internet-exposed networking equipment.

This week in London, SecurityScorecard hosted a roundtable discussion on cyber risk in the insurance supply chain. Keynote speaker Santosh Pandit, head of Cybersecurity at the Bank of England, shared his insights with 20 London-based insurers on managing cyber risk in the financial sector and the latest regulatory initiatives that may impact the insurance industry.

New disclosures regarding the widespread exploitation of CVE-2023-34362, a new vulnerability affecting the MOVEit file transfer software, and the Cl0p ransomware group’s claim of responsibility for its widespread exploitation and the resulting data theft, have continued in the weeks since the vulnerability’s original publication.

In a climate where companies largely gain attention only when something negative happens, it’s time to celebrate and recognize the companies who are best in class when it comes to cybersecurity. That’s why we applaud Forbes’ decision to produce the industry’s first list of America’s Most Cybersecure Companies. These companies illuminate how cybersecurity is being taken seriously as a core business issue.

SecurityScorecard conducted an extensive investigation into the Zellis breach. This research revealed alarming insights about the scale and persistence of the attack. The data exfiltration was carried out in several steps: Netflow data from Zellis IP ranges indicated large outbound transfers over HTTPS, which pointed towards the presence of a web shell. Additionally, SecurityScorecard researchers detected exfiltration over SSH to known malicious IP addresses.