Remove 2019 Remove Cyber Risk Remove Data breaches Remove Technology
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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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NEW TECH: CyberGRX seeks to streamline morass of third-party cyber risk assessments

The Last Watchdog

The firings came as a result of a massive data breach which routed through an HVAC contractor’s compromised account. So they began inundating their third-party suppliers with “bespoke assessments” – customized cyber risk audits that were time consuming and redundant. The resulting redundancy was staggering.

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

Jane Frankland

Last year, Verizon reported that 71% of breaches were financially motivated, 25% came from espionage, and 21% were caused by human error. 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.

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

The Last Watchdog

Late last year, Atrium Health disclosed it lost sensitive data for some 2.65 Third-party cyber risks are likely to persist at the current scale for a while longer. There is impetus for change – beyond the fear of sustaining a major data breach.

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NEW TECH: Brinqa takes a ‘graph database’ approach to vulnerability management, app security

The Last Watchdog

Imposing just the right touch of policies and procedures towards mitigating cyber risks is a core challenge facing any company caught up in digital transformation. Related: Data breaches fuel fledgling cyber insurance market. Enterprises, especially, tend to be methodical and plodding. Vulnerability management.

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MY TAKE: New ‘cyberthreat index’ shows SMBs cognizant of big risks, ill-prepared to deal with them

The Last Watchdog

Small and midsize businesses — so-called SMBs — face an acute risk of sustaining a crippling cyberattack. This appears to be even more true today than it was when I began writing about business cyber risks at USA TODAY more than a decade ago. I had the chance at RSA 2019 to discuss the SMB security landscape at length with Gill.

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Policy debate: the pros and cons of cybersecurity insurance

BH Consulting

Also known as cyber risk insurance, it’s now a prerequisite in some public sector tenders. You could argue cybersecurity insurance is useful because it makes people think of business risk, not just IT problems. Ultimate responsibility for data breaches rests with the board and the CEO.