As cyber attacks and security breaches have increased in recent years, managing digital supply chain risks is becoming more difficult. Cybercriminals exploit vulnerabilities in the ecosystem of less secure suppliers and third-party vendors to gain access to larger institutions. These institutions need to look beyond their own cybersecurity maturity to be successful; cyber risks need to be identified across the ecosystem.

Cyber attacks and data breaches are top of mind for businesses around the world as attacks on vulnerable networks persist. It is more important than ever to ensure cyber security and resilience programs are in place for your business and third-party suppliers. The information and communications technology (ICT) supply chain is a globally-interconnected ecosystem that involves CT software, hardware, and services including suppliers, vendors, and contractors.

Leaders from the SEC, Cyber Threat Alliance, and National Association of Corporate Directors recently joined with SecurityScorecard to share their insights on the state of cybersecurity risk management today. Earlier this month, the New York Department of Financial Services (NY DFS) announced efforts to modernize their supervision process, with the creation of the Cybersecurity and Information Technology Baseline Risk Questionnaire (CIBRQ).

It might sound confusing at first, but knowing who your third parties also rely on for their day-to-day business operations is key to building out a smarter and more informed vendor risk management program. Commonly known as fourth-party concentration risk, the ability to determine the fourth-party vendors in your digital supply chain that serve a majority of your third-party vendors can help organizations avoid potentially catastrophic supply chain risk from such a dependency.

The National Institute of Standards and Technology is an agency within the U.S. Department of Justice. It was founded in 1901 to support science and technological development. For decades, it has provided guidance on computer security. In 2014, in cooperation with public and private sector experts, the NIST released its cybersecurity framework. The framework combines best practices and industry standards to help organizations deal with cybersecurity risks.

Cyber attacks and data breaches are top of mind for businesses around the world as attacks on vulnerable networks persist. It is now more important than ever to ensure cybersecurity and resilience. But how do these two practices differ? This blog highlights the differences between cybersecurity and cyber resilience and how to secure your business for optimal cyber protection.

While your security staff tends to work the same business hours as everyone else, it often feels like threat actors never take a day off. Because an attack can and will come from any direction at any time, an organization’s cyber readiness is paramount. Your cyber readiness is the level at which you’re able to identify and respond to an attack.

When it comes to cybersecurity, organizations need to be well-prepared for what comes next. Not only are cybercriminals leveraging ever more advanced technology, but the cost of a breach — in terms of cost, reputation, and damage — is on the rise. Mitigating risk requires having a robust incident response plan in place and dedicated team members on standby. Let’s take a closer look.

As cybercrimes and security breaches become more sophisticated, data protection strategies have become more important to business survival. A critical element in an organization’s ability to effectively handle these incidents is to reduce downtime and minimize damage. This is where an effective incident response and disaster recovery plan comes into play.