The ability of financial institutions to recover data breach losses from non-contacting parties depends on various legal statutes and industry regulations.
Companies are facing a new “shadow IT” pandemic during COVID-19 as employees are finding their own solutions to information technology problems that often violate existing security policy.
Companies that are downsizing, or still planning to, must have an insider threat program in place or run the risk of falling victim to a massive cyberattack that could cripple the business for months to come, ultimately making the cost reductions a worthless exercise.
Increased credit card usage has resulted in higher rates of credit card fraud, and financial institutions are bearing the brunt of the financial losses. Recently, fraudsters are committing synthetic identity fraud by cultivating identities and developing credit histories over time leading to the call for new solutions.
The CMMC framework raises the bar for DOD contractors and is apropos in the wake of such events as the SolarWinds hack, calling attention to the importance of cybersecurity and data privacy.
IT environments are simply too complex and too dynamic for self-attestation, based on manual processes, to ever work. Without continuous monitoring to accurately assess compliance to cyber insurance requirements, organizations remain at risk.
Work from home has quickly taken over in many enterprises due to the recent crisis. However, a majority of enterprises forced into the remote work paradigm were unprepared at an infrastructural, policy, and cultural level.
Move to mass remote working in 2020 has only made the data loss problem worse. 59% of IT leaders reported an increase in email data loss since the pandemic began.
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.
The combination of brands being held accountable for violating consumer privacy laws, the roster of new – and varying – US privacy laws set to take place in 2023, and consumers themselves increasingly opting out of sharing their personal data is amounting to something of a rising tide in terms of consumer privacy.
