While compliance leaders must have an abundance of technical prowess, truly successful compliance executives today are the ones that seamlessly blend hard with soft skills.
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.
An open source project maintainer decided to protest the war in Ukraine by targeting computers with an IP address in Russia or Belarus with a malicious update in a controversial act of hacktivism.
Google says initial access broker Exotic Lily targeted at least 650 organizations with about 5,000 phishing emails per day to obtain credentials for selling to ransomware gangs.
The new Bipartisan Infrastructure Law as well as the American Rescue Plan Act allocated government funding for cybersecurity efforts, but public entities to date have not moved as quickly as most consider prudent. That appears to be changing.
Attackers exploit Google reCAPTCHA forms to sneak into users' inboxes because automated email security scanners cannot solve CAPTCHAs to determine the destination phishing URLs.
An increase in cyber attacks and claims is challenging for the cyber insurance business. Insurers have made changes in response: narrowing the parameters for coverage, increasing prices, and introducing new requirements for cover.
Given the severity of losses and criminal activity within the coupon sector, stakeholders used blockchain technology to establish a Universal Digital Coupon for the retail industry to enhance coupon security and reduce financial fraud.
Lapsus$ hackers appeared to be reckless – posting about their activities on Twitter and other social media sites, and reportedly broke into Zoom conference calls at the companies they had just breached to taunt employees.
Nestlé says that the incident is not a cyber attack by Anonymous but an internal data leak, with the information being errantly published to the public-facing web for some weeks.
By improving your overall security profile and demonstrating a low risk profile, you’ll be able to negotiate lower cyber insurance premiums and enjoy long-term savings.










