Vendor tiering is a method of classifying vendors based on the level of security risk they introduce to an organization. The level of security criticality decreases with each subsequent level. The number of tiering levels depends on personal preference. The basic vendor tiering structure consists of three levels - Tier 1, Tier 2, Tier 3, where Tier 1 represents high-risk vendors. Each vendor could be assigned to a tier manually, or the process could be based on a security questionnaire scoring system.
A botnet is a network of malware-infected devices used to launch coordinated attacks either against a single target, like during a DDoS attack, or multiple targets like during email phishing attacks. All infected machines in a botnet are remotely controlled by a single cyber attacker that could be located anywhere in the world.
UpGuard Summit is UpGuard’s quarterly virtual event where we discuss the future of cybersecurity with security leaders across the globe. During the latest UpGuard Summit, on August 18, 2021, some exciting announcements were made about new and upcoming features. The details are summarized below.
Privilege escalation is the exploitation of a programming error, vulnerability, design flaw, configuration oversight or access control in an operating system or application to gain unauthorized access to resources that are usually restricted from the application or user. This results in the application or user having more privileges than intended by the developer or system administrator, allowing attackers to gain access to sensitive data, install malware and launch other cyber attacks.
ISO/IEC 27001 is the leading international standard for regulating data security through a code of practice for information security management. Its creation was a joint effort of two prominent international standard bodies - the International Organization for Standardization (ISO), and the International Electrotechnical Commission (IEC). This is why the standard is formally prepended with ISO/IEC, though "IEC" is commonly left to simplify referencing.
Third-party risk is any risk brought on to an organization by external parties in its ecosystem or supply chain . Such parties may include vendors, suppliers, partners, contractors, or service providers, who have access to internal company or customer data, systems, processes, or other privileged information. While an organization may have strong cybersecurity measures in place and a solid remediation plan, outside parties, such as third-party vendors , may not uphold the same standards.
The NYDFS Cybersecurity Regulation (23 NYCRR 500) is a set of regulations from the New York State Department of Financial Services (NYDFS) that places cybersecurity requirements on all Covered Entities (financial institutions and financial services companies). It includes 23 sections outlining requirements for developing and implementing an effective cybersecurity program, requiring Covered Entities to assess their cybersecurity risk and develop a plan to proactively address them.
In an age of big data and connected devices, security information and event management (SIEM) is one of the key priorities for businesses of all sizes. At a time when data is everywhere, and cyber threats are growing, security information and event management is more important than ever. This is where information management meets security as companies seek to manage their incident response, compliance requirements, security, and analytics.