Cyber risks are prevalent in all healthcare institutions, and understanding how to mitigate those risks is especially important in today’s cyber landscape. Cyber risk is the sum of all IT risks that can potentially lead to the loss or exposure of critical data, financial damages, reputational damages, and operational stoppages due to a data breach or data leak. Measuring cyber risks involves determining the likelihood and impact of each cyber threat.
The digital threat landscape in the United Kingdom (UK) continues to evolve as businesses that undergo a massive transition towards increased digitalization and cloud-based migrations are forced to change their IT system operations. More importantly, UK laws and regulations must also adapt to ensure that UK businesses and organizations are working to improve their cybersecurity posture and IT infrastructure to protect data security and privacy.
COBIT, or the Control Objectives for Information and Related Technologies, describes itself as “the globally accepted framework for optimizing enterprise IT governance.” The COBIT framework was designed to help organizations develop, implement, monitor, and improve their IT enterprise governance and information security processes.
A data breach occurs when sensitive information is exposed to the public without authorization. These events are growing in popularity, costing businesses an average of US$4.35 million per event. Unfortunately, many companies are unknowingly still repeating the same mistakes causing some of the biggest breaches in history. To prevent your business from becoming another breach static, adjust your cybersecurity program to the proven breach prevention strategy outlined in this post.
Cyber insurance is becoming increasingly important and necessary as cyber attacks become more sophisticated and frequent. Healthcare is one of the most targeted industries because of the valuable medical data they handle and the lack of proper cybersecurity protections. Although cyber insurance doesn’t prevent security breaches, it provides a safety net for businesses to cover their financial losses.
One of the biggest indicators of a suspicious or unsecured website is whether or not the site is HTTPS-secured. In many cases, spoofed, phishing, malicious, or typosquatted websites use HTTP instead of HTTPS, which has encryption and verification protocols built in to ensure safe data transmission between servers and browsers. The main difference between HTTPS and HTTP is that HTTPS establishes a secure internet connection via encryption, whereas HTTP does not.
A cybersecurity analyst, also known as an information security analyst, specializes in the security of networks and IT infrastructure. The role of cybersecurity analyst has a relatively broad job description, offering great opportunities for individuals looking to enter the cybersecurity industry and branch out into various cyber-related career paths.
According to a report released by IBM and Ponemon, the healthcare sector has the highest rates of security breaches and cyber attacks globally. The average cost of a data breach for healthcare organizations is around $10.1 million, while the global average for all industries sits around less than half of that amount, at about $4.35 million.
The January 2022 International Committee of the Red Cross (ICRC) data breach was caused by an unpatched critical vulnerability in the Single Signe-In tool developed by Zoho, a business software development company. After exploiting the vulnerability (tracked as CVE-2021-40539), the cybercriminals deployed offensive security tools to help gain access to ICRC's contact database, resulting in the compromise of more than 515,000 globally.
The Kasya ransomware attack occurred through the exploitation of CVE 2021-30116, an authentication bypass vulnerability within Kaseya VSA servers. This allowed the hackers to circumvent authentication controls and executive commands via SQL injection, giving them all the control they needed to deploy their ransomware payload and encrypt a segment of Kaseya's internal data.
