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Yet, boardroom focus on cyberrisk appears to be diminishing. The perceived threat of cyberrisk to global business leaders peaked in 2021 (34%) and over the past two years, the risk perception has dropped (27%). But worryingly they appear less concerned by cyberrisk than a couple of years ago.
For years, potential creditors have judged the relative risk of extending credit to consumers based in part on the applicant’s credit score — the most widely used being the score developed by FICO , previously known as Fair Isaac Corporation. Data accidentally released by FICO about the CyberRisk Score for ExxonMobil.
The JCDC has seen the benefits of collaboration for exigent risks (such as the heightened awareness and protection related to Russia’s invasion of Ukraine and the Log4Shell vulnerability) but sees a remaining gap when it comes to imminent risk. To address this gap, the JCDC is planning proactive measures for future cyberrisks.
Security pros face great challenges in managing all the products and tools they use to handle the cyberrisks they face. For products with an undeniable market demand gaining rapid traction, it makes little sense. How should they split the budget between tools and people? It’s hard to strike a balance between tools and people.
Companies everywhere must develop a culture where cyberrisk receives treatment as an essential corporate duty – and further, organizations get rewarded for such behavior. How 5G Goes Beyond 4G. Objectives for 5G Implementation.
Essential entities ” span sectors such as energy, healthcare, transport, and water. These sectors play a pivotal role in the functioning of society and the economy, making them primary targets for cyber threats. Identify areas with insufficient visibility and potential cyberrisks.
For example, the Commission for the Regulation of Utilities (CRU) will become the ‘competent authority’ for the energy, drinking water and wastewater sectors. The Central Bank of Ireland will oversee both banking and financial markets. The bill designates which regulators will be responsible for various critical sectors.
Brian Levine is senior director of product security at Axway, a global security engineering organization delivering training, tools, processes and DevSecOps practices for secure applications and cloud services to the enterprise market. Since founding Cedric Leighton Associates, he has become an internationally known strategic risk expert.
» Related Stories Secrecy Reigns as NERC Fines Utilities $10M citing Serious CyberRisks Podcast Episode 131: suing Yahoo! Together, the “collective risk of the 127 violations posed a serious risk to the reliability of the (Bulk Power System),” NERC wrote. Read the whole entry. »
If energy, dollars and effort to apply Zero Trust is entirely focused on the infrastructure and OS components of cloud, data center or hybrid deployment patterns the bad actors will simply move their efforts to the attack surface that isn’t conditioned to Zero Trust. It’s clear that “watching the watchers” in security terms is important.
In this blog, I’m exploring these changes, grouped under key categories that I’ve used in previous years, to help business leaders and cyberrisk owners better prepare for the evolving landscape. The emergence of shadow AIunauthorised AI tools used without IT approvalamplifies these vulnerabilities.
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