This month we have something big: Our new Third Party Risk Assessment app, TPRA. And it’s now available to current customers!

With third-data breaches and their subsequent financial impacts on the rise, Third-Party Risk Management is becoming a non-negotiable inclusion in an organization’s cybersecurity strategy. For those new to this risk management area, this post outlines a high-level framework for applying TPRM principles to a third-party risk context. Learn how UpGuard streamlines Vendor Risk Management >

dYdX is a leading decentralized finance protocol that focuses on perpetual derivatives trading. dYdX focuses on investment tools like perpetual futures (a type of derivative that allows traders to speculate on the price of a crypto asset without owning it). The dYdX Chain distributes 100% of protocol fees to DYDX Stakers for bolstering the dYdX Chain’s security. Fireblocks offers secure and efficient access to dYdX’s decentralized exchange features.

Imagine your finance team receives an urgent email that appears to be from a trusted supplier, notifying them of an unexpected change in bank account details for an upcoming payment. The email looks professional, is detailed, and contains all the expected business formalities. Without hesitation, the team processes the payment to the new account. Days later, the actual supplier contacts you about the overdue invoice.

New insight into ransomware attacks show that cyber attacks are a top concern for organizations – with many not aware they were a victim until after the attack. According to Arctic Wolf’s The State of Cybersecurity: 2024 Trends Report, 91% of reported ransomware attacks included a data exfiltration effort. This is far more than the sub-80% numbers we’ve seen from the Coveware quarterly reports we cover.

Attending industry events is quite possibly one of the most important requirements of running a successful managed service provider (MSP) business. Why? On the one hand, a few days away from the day-to-day grind of running your MSP to instead network with your peers and enjoy some MSP swag seems like the perfect opportunity to unwind while staying connected. On the other (equally as important!) hand is all the great learning going on.

Many organizations are planning to adopt passwordless authentication or are already in the process of doing so. Passwordless authentication has many benefits such as being more secure than traditional passwords, providing a better user experience, reducing helpdesk costs and enhancing productivity. Continue reading to learn more about the benefits of implementing passwordless authentication in your organization and how Keeper helps with its implementation.

This month's product updates and enhancements rollup include Issue Auto-Remediation, eTMF – optional artifacts and automatic milestones, and importing credentials from the desktop app for Microsoft Co-editing. Below is a summary of these and other new releases. Visit the articles linked below for more details.

Up to 94% of companies that experience severe data loss never recover, making it important for every organization to take steps to protect their data. To prevent data loss, organizations should regularly back up data, keep software up to date, store sensitive data in encrypted storage, use antivirus software, implement least privileged access and equip employees with a password manager.

Security awareness training (SAT) and simulated phishing works to significantly reduce cybersecurity risk. We have the data, customer testimonials and government recommendations to prove it. Social engineering, especially as enabled by email, text messages, the web and phone calls, is involved in the vast majority of cybersecurity attacks. No other root initial access hacking method comes close.