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There were over 3,000 data breaches in 2023, and they affected more than 350 million consumers. In the same year, 2,700 businesses were hit by supply chain attacks, an increase of 2,600% compared to just five years ago. These alarming statistics highlight the growing importance of conducting an up-to-date risk assessment to protect your business …13 Risk Assessment Methodologies and When To Use Them
Baiting is a type of cyber attack that involves luring victims with an enticing offer or object to exploit their curiosity or greed. How would you react to a wallet lying on the sidewalk, with a wad of cash sticking out? Some people would take the money without thinking twice, and others would look for …What Is Baiting in Cyber Security?
Safeguarding your organization against data security threats is more important than ever — but also more complex. NIST 800-171, a leading cybersecurity framework, has over 90 controls in 17 families of data security standards. Similarly, HIPAA privacy and security guidelines for healthcare organizations are over 110 pages long. To successfully navigate regulatory requirements and cybersecurity …What Does GRC Mean: Governance, Risk and Compliance
Regarding the subject of corporate cyberattacks, many people think of newsworthy data breaches at massive companies. The truth is that cyberattacks are rampant among small businesses as well, highlighting the need for cyber security training for small business teams. In fact, CNBC reports that 43% of all data breaches affect small and medium-sized businesses. The …Getting Started With Cyber Security Awareness Training for Small Business
Dealing with cybersecurity risks has become a part of everyday operations for businesses and organizations. In the first half of 2022, data breaches affected more than 53 million individuals. These breaches can result in substantial financial liability, loss of reputation, loss of valuable data and, in some cases, legal consequences. How do you conduct a cybersecurity …How Do You Conduct a Cybersecurity Risk Assessment?
Building a company takes a lot of time, energy, effort and resilience. Entrepreneurs have to be willing to take risks and weather tough times to grow their companies. With all that goes towards being a success, the last thing you want is to lose what you’ve built because you didn’t invest in cybersecurity risk management. …Why Cybersecurity Risk Management Is Vital for Every Business
5 Elements of Effective Cyber Security Risk Management According to the Federal Reserve, cyber security issues are some of the most expensive and damaging risks to the financial market. As the financial system has become more digitized, there is greater potential for incidents to affect the market more broadly. These vulnerabilities in the financial sector …Laying a Cyber Security Risk Management Plan
How To Create a Culture of Compliance at Your Organization Too many people assume that an organizational culture of compliance is only about checking regulatory boxes and avoiding legal trouble. While those are advantages of adopting a compliance culture, they are far from the only reasons. Establishing compliance as a cultural norm within your organization …Creating a Culture of Compliance
Creating an Effective Cybersecurity Budget: Quick Guide As advanced cybersecurity threats become commonplace, organizations from small businesses to Fortune 500 companies must take a critical look at security budgeting. The Wall Street Journal reports that the national average cybersecurity budget increased by 6% from 2022 to 2023. Since a single cyberattack can cost a company …How To Draft a Cybersecurity Budget
What Is Continuous Criminal Monitoring and Should You Implement It? Criminal background checks are crucial in an organization’s decision to hire a job applicant. While most businesses use a background check before hiring an employee, only 11% re-screen employees once hired. Even periodic checks — typically occurring annually — generally assume the best from workers …Continuous Criminal Monitoring and Implementation
