As businesses and organizations become increasingly reliant on technology, the risks posed by cybercriminals grow more significant by the day. Unfortunately, the truth is that the most significant threat to cyber security is not just from external factors but also from within the organization. Human error has become one of the biggest contributing factors to cyber security breaches, and it is not just limited to...
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Uber, the ride-hailing giant, is again in the news for all the wrong reasons. The company had fallen victim to a data breach for the third time. This time, a private driver's data was hacked from a third-party firm, Genevo Burns, New Jersey. The law firm, specializing in employment and labor law, notified the affected drivers that their confidential information, including social security and tax identification...
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While security and compliance are both essential aspects of cyber security, some experts use these terms interchangeably, leading to confusion. Organizations must realize that compliance is not the same as security. Being compliant does not necessarily equate to being secure. However, security plays a critical role in achieving compliance. The modern era has been a concerning time for businesses of various industries as cyber security has...
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Businesses today face several threats that can disrupt business operations, including natural disasters, cyberattacks, supply chain disruptions, etc. These threats can cause the business significant financial losses, damage to reputation, and even closure. To address these risks and ensure business continuity, organizations can implement the ISO 22301 standard for business continuity management system (BCMS). By implementing a BCMS based on ISO 22301, businesses can identify potential...
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Today, organizations rely on various third-party vendors to conduct business operations. However, with each new vendor comes a new set of security and compliance risks. Therefore, having a robust vendor risk management policy is crucial to safeguard your business assets from vendor risks. A well-crafted vendor risk management policy can help your organization ensure all third-party relationships are properly monitored and controlled. It provides a clear...
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Cybersecurity becomes more pressing as companies and organizations depend more on technology. According to Cybersecurity Ventures, in the next five years, the cost of cybercrime will go up by 15% every year. This means that by 2025, the annual cost of cybercrime will be around $10.5 trillion, which is a significant increase from the $3 trillion cost in 2015. It's crucial for organizations to ensure that...
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