The SEC recently charged SolarWinds and its CISO for fraud amid cybersecurity lapses. Most organizations are reckless in making statements to the market to preserve their company's stock prices, not realizing that this is tantamount to fraud, said experts.
The financial services threat landscape is continually evolving. Matanda Doss, executive director of cybersecurity and technical controls at JPMorgan Chase, stressed the need to build security measures into an organization's infrastructure, starting with critical assets.
Recently acquired RiskLens edged out startup Axio and incumbent ThreatConnect for the top spot in Forrester's first-ever cyber risk quantification rankings. Cyber risk quantification focused on theoretical methodology for about 10 years but shifted to practical applications over the past five years.
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Combinations of risks that create an attack...
In this episode of CyberEd.io's podcast series "Cybersecurity Insights," Morphisec's Michael Gorelik discussed automated moving target defense - or AMTD, which is a risk-reduction strategy and preventive measure that reduces adversary success rates and provides "the final layer of defense."
It’s hard for SaaS startups to sit at the same table with large enterprises. They need governance and risk management programs to build trust. So how can startups compete when they have no background? Privacy and security play a key role in building trust, said Privacy Business Group's Sawan Joshi.
The Biden administration has released an implementation plan for the long-awaited national cybersecurity strategy it published in March, assigning deadlines and responsibilities for federal agencies across 65 different federal initiatives. Parts of the plan face an uphill battle.
Cyber insurance companies gather a lot of information on the cost of breaches, but security organizations need to know the bigger picture. Jack Jones, chairman of the FAIR Institute, discussed identifying risk and evaluating overall costs with the FAIR model.
The U.S. Department of Defense says it will pay for Starlink satellite broadband access for Ukraine as it battles Russia's all-out invasion. Military experts say Starlink remains essential for supporting Ukraine's battlefield communications, including drone reconnaissance.
Online sports retailer Sports Warehouse has agreed overhaul its security program and pay a $300,000 fine to New York State after hackers stole 20 years' worth of payment card data and customer information the company was storing in plaintext on its e-commerce server.
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.
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.
The Federal Reserve's FedNow Service will launch in July this year. Many banks, including community banks, will be able to leverage FedNow as an instant payment platform. How can these banks prepare for faster payments, and what security controls should they consider adding?
Healthcare entities need to think more strategically about managing risk by implementing a robust cybersecurity framework such as the National Institute of Standards and Technology's CSF, said Bob Bastani, cybersecurity adviser at the Department of Health and Human Services.
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