Security assessments for third party vendors can be a long and tedious process, take time and resources, lengthen the sales cycle and complicate business growth. There are now solutions available that put the power in vendors’ hands.
Cyber Security
Cyber criminals, state-sponsored hackers and even the occasional disgruntled employee are constantly looking to gain unauthorized access for a variety of purposes: theft of money, cyber espionage, personal information for sale or for use in scams, and damage to critical infrastructure for just a few of the most common.
So how does an organization mitigate an entire world full of continual cyber attacks? Just as buildings have a number of necessary elements of physical security: access control, cameras, alarms and so on; there are similar key elements of cyber security that are absolutely vital for just about any modern business.
It starts with identifying and closing the most common doors that attackers use. For example, phishing attacks on employees are far and away the most common initial point of entry. The breach of even a low-level employee account can quickly turn into an escalation in access privileges and the ability to reach sensitive information. This is also true of smart devices, which are generally more poorly secured than computers and phones.
Colorado Energy Company, Delta-Montrose Electric Association (DMEA), suffered a malicious cyber attack that shut down 90% of its internal controls and wiped 25 years of historical data.
In 2021 alone, over 40% of businesses have had data breaches. As we approach a new year, we have another chance to resolve to improve our health – our cyber health.
Botnet discovered by Chinese researchers introduced a backdoor and a web shell on compromised AT&T VoIP servers, mostly in the US, for DDoS attacks and data exfiltration.
88% of data breaches are caused by human error. Employees need the opportunity for mistakes to be flagged prior to pressing send, providing them with an improved way to manage their email functions.
The importance of email security cannot be underestimated in 2021, and businesses – as well as individuals – need to do everything they can to keep abreast of the latest cyber security developments.
Many organizations affected by Log4j’s zero-day vulnerability with mass internet scanning detected, suggesting the remote code execution flaw was actively targeted in the wild.
Pernicious botnet used for cryptojacking has taken a major blow thanks to Google. Glupteba has been operating for some months and was thought to be compromising thousands of people per day at its peak.
Companies opening the door to remote work are going to have to rethink security. As workers enjoy more flexibility to work from wherever they want, security teams must learn to mitigate the threats that come with such a shift.
BitMart crypto exchange was victimized with a total loss of about $196 million. BitMart has said that it will compensate victims of the crypto theft, but it is using its own internal estimate of $150 million in losses as a guideline.










