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NEW TECH: CyberGRX seeks to streamline morass of third-party cyber risk assessments

The Last Watchdog

So they began inundating their third-party suppliers with “bespoke assessments” – customized cyber risk audits that were time consuming and redundant. I had the chance to visit with CyberGRX CEO Fred Kneip at RSA 2019 at San Francisco’s Moscone Center last week. For a full drill down, please listen to the accompanying podcast.

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Seeds of Destruction: Cyber Risk Is Growing in Agriculture

The Security Ledger

In this episode of the podcast (#213): Molly Jahn of DARPA and University of Wisconsin joins us to talk about the growing cyber risk to the Food and Agriculture sector, as industry consolidation and precision agriculture combine to increase the chances of cyber disruption of food production. Read the whole entry. »

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NEW TECH: This free tool can help gauge, manage third-party cyber risk; it’s called ‘VRMMM’

The Last Watchdog

Turn the corner into 2019 and we find Citigroup, CapitalOne, Wells Fargo and HSBC Life Insurance among a host of firms hitting the crisis button after their customers’ records turned up on a database of some 24 million financial and banking documents found parked on an Internet-accessible server — without so much as password protection.

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6 steps for third-party cyber risk management

CSO Magazine

Many organizations transact with hundreds of third-party partners, according to EY’s Global Third-Party Risk Management Survey 2019-2020 , a trend that PwC finds shows no sign of slowing, even as the risks increase.

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Public companies may not grasp responsibility to investors in sharing info on cyber risk

SC Magazine

Publicly traded companies must start disclosing more “actionable” information to shareholders and regulators around their cyber risks and vulnerabilities. A 2019 study from McKinsey on cybersecurity in the boardroom found widespread confusion and dissatisfaction from executives about how digital threats are reported and explained.

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7 Insights About Managing Cyber Risk You Can’t Afford To Miss

Jane Frankland

Furthermore, from 2019–2023E, approximately USD 5.2 trillion in global value will be at risk from cyberattacks. IBM found that the average time to identify a breach in 2019 was 206 days. The figures vary with Verizon reporting 21%, IBM reporting 24% and Cybsafe reporting 90% in 2019. billion by 2022. But know this.

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RiskLens Fast Facts on Cyber Risk for Retailing – Wawa Data Breach

Security Boulevard

In July, 2022, Wawa, the convenience store/gas station operator, agreed to pay up to $8 million to attorneys general for seven states and the District of Columbia, to settle a lawsuit over the breach in 2019 of PCI that compromised about 34 million credit cards.