Digital risks are an inevitable by-product of an expanding ecosystem, and an expanding ecosystem is essential to societies' progression into the fourth industrial revolution. This unsettling conundrum has given rise to a novel field of cybersecurity known as Digital RIsk Protection (DRP). But like all novel solutions, it can be difficult to identify the capable minority from the majority still finding their feet.
Digital risk refers to all unexpected consequences that result from digital transformation and disrupt the achievement of business objectives. When a business scales, its attack surface expands, increasing its exposure to outside threats. This makes digital risk an unavoidable by-product of digital transformation. Fortunately, digital risk protection strategies have been developed to mitigate digital risk so that organizations can continue confidently scaling their operations.
Digital risk protection (DRP) is the practice of protecting organizations from cyber threats during digital transformation. Rather than reacting to cyber threats after they're discovered, cybersecurity strategies must shift to a proactive approach to protection. This is the key to supporting ecosystem expansion while mitigating risk.
UpGuard has launched an exciting new product called CyberResearch. This post summarizes the solution and its key features. CyberResearch is a suite of fully managed services, encompassing third-party risk and data leak detection. This world-first innovation is designed to further reduce the risk of data breaches while making it easier than ever before to scale your cybersecurity efforts.
Cybercriminals are surprisingly lazy. Hackers are continuously cultivating their methods to achieve maximum impact with minimal effort. The adoption of a Ransomware-as-a-Service model is one example of such an achievement. But perhaps the apical point of cyberattack efficiency was achieved with the invention of the supply chain attack. A supply chain attack is a type of cyberattack where an organization is breached though vulnerabilities in its supply chain.
On January 6, 2021. Hafnium, a Chinese state-sponsored group known for notoriously targeting the United States, started exploiting zero-day vulnerabilities on Microsoft Exchange Servers. The criminals launched a deluge of cyberattacks for almost 2 months without detection. On March 2, 2021, Microsoft finally became aware of the exploits and issued necessary security patches. By that point, it was too late.
A typical organization’s environment consists of a myriad of applications and services, each with its own unique set of ongoing vulnerabilities and flaws that could ultimately lead to a data breach. This can make IT security and operations’ job difficult, as different departments and groups within a company may utilize specific software offerings to accomplish their job functions.
