CISOs need to bridge the gap between security concerns and business outcomes to ensure everyone plays an active role in third-party risk management. But effectively communicating that risk comes down to knowing your audience - from employees to the board, said CyberGRX's Caitlin Gruenberg.
In the latest weekly update, four ISMG editors discuss highlights from Verizon's 16th annual Data Breach Investigations Report, what's on the mind of CISOs in Malaysia and the Philippines, and how the U.S. SEC sued crypto trading platforms Binance and Coinbase over securities violations.
With the federal government's software bill of materials regulations looming, many organizations are not ready to respond, warned CISO Sean Atkinson of the Center for Internet Security. He provided tips for ensuring transparency in the software supply chain and preparing for SBOM regulations.
Pretexting incidents, a social engineering technique that manipulates victims into divulging information, have nearly doubled, representing 50% of all social engineering attacks, according to Verizon's 2023 Data Breach Investigations Report, which analyzed more than 16,312 security incidents.
In the latest weekly update, ISMG editors discuss why communication is vital to be an effective CISO in 2023, how the hack of Florida-based dental insurer MCNA affects nearly 9 million people, and how CyberArk is securing privileged users with a new browser.
Change management is a critical part of a robust API management program, said Shaam Farooq, vice president of technology at Atlas Energy Solutions and a CyberEdBoard member. Team members must review and approve changes as they happen and communicates those changes across IT and OT security teams.
CISOs now understand the importance and complexity of protecting the OT environment and how it differs from the IT attack surface. IT leaders in critical infrastructure and even the food industry increasingly want to get their arms around OT threats, said Rockwell Automation's Mark Cristiano.
Many hospitals are still more reactive than proactive in terms of embracing recommended best practices that can advance their cybersecurity maturity level, said Steve Low, president of KLAS Research, and Ed Gaudet, CEO of consulting firm Censinet, who discuss findings of a recent benchmarking study.
In the latest weekly update, ISMG editors discuss top takeaways from Ukraine's cyber defense success, how a European regulator suspended Facebook data transfers to the United States, and the state of the EU General Data Protection Regulation on its five-year anniversary.
Five years after the effective date of the General Data Protection Regulation, the European Union privacy law - hailed as a way to protect the privacy of citizens in an increasingly digital world - continues to be marred by criticism over its lack of effectiveness and uneven implementation.
Seed funding for Israeli cybersecurity startups has blossomed despite the economic downturn, and both deal volume and size have strengthened in 2022 as compared to 2021. The indefinite closing of the initial public offering market in spring 2022 caused late-stage investment to fall off a cliff.
Organizations lack visibility into their network and assets to fully understand their threat and risk exposure, said Liberty Strategic Capital's Michael D'Ambrosio. The trend of accessing corporate networks from remote locations has made it tough for businesses to know what's on their network.
Cyber programs must go beyond the digital realm and address physical security challenges around buildings and data centers even though there isn't a tool to implement. Firms often adopt physical security measures such as a secure data center with cameras and locked doors only when it's required.
The U.K. government earlier this month introduced a strategy to reduce fraud and scams called Fraud Strategy: Stopping Scams and Protecting the Public. Ken Palla, retired director of MUFG Bank, said this as an important step to combat authorized scams, which have now eclipsed unauthorized fraud.
Cyber insurance applicants should provide detailed responses that clarify the nature of their business to avoid claim denials in the event of a security incident. Pasich LLP Senior Managing Associate Tae Andrews urged applicants to "interrogate the interrogator" to push back on vague questions.
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