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From Compliance to Confidence: How AI Is Reshaping Third-Party Risk

SecureWorld News

As geopolitical instability, supply chain disruption, and cyber threats continue to escalate, third-party risk management (TPRM) is evolving from a compliance function to a strategic business imperative. According to the EY survey , 87% of organizations have experienced a third-party risk incident in the past three years.

Risk 80
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GUEST ESSAY: Why internal IT teams are ill-equipped to adequately address cyber risks

The Last Watchdog

From identity theft to greater oversight on risk management, internal IT teams will be taking the brunt of these incoming regulations. Regulatory overload Firms in the financial services industry are staring down the bottom of the regulatory barrel coming into 2024. The list goes on.

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LW ROUNDTABLE: Wrist slap or cultural shift? SEC fines cyber firms for disclosure violations

The Last Watchdog

Unisys, for instance, was found to have framed cyber risks hypothetically even though its systems had already been breached, exfiltrating gigabytes of data. But the SEC’s latest actions underscore that failing to inform stakeholders about material risks and breaches is not an option. Want to stay out of trouble?

CISO 263
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Cybersecurity Snapshot: Prompt Injection and Data Disclosure Top OWASP’s List of Cyber Risks for GenAI LLM Apps

Security Boulevard

Don’t miss OWASP’s update to its “Top 10 Risks for LLMs” list. OWASP — the Open Worldwide Application Security Project — released its first “Top 10 Risks for LLMs” last year. Meanwhile, procurement and risk managers can use the list when evaluating software vendors.

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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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The ultimate guide to Cyber risk management

CyberSecurity Insiders

Ambitious information security experts serve as a critical part of cyber risk management. This can be achieved through the use of cyber risk management approaches. This article explores the need for security and provides an overview of cyber risk assessment. Cyber risk management. Risk control.

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AI and Data Security: Takeaways from Latest Cybersecurity Info Sheet

SecureWorld News

government agencies, the document underscores both the promise and peril of AI technologies when integrated into enterprise systems. The document highlights risks such as data poisoning, model inversion, and membership inference attacks. Produced through collaboration among U.S.