Over the following years, the costs associated with cybercrime, projected at $10.5 trillion annually by 2025 , will exceed the estimated worldwide cybersecurity spending— $267.3 billion annually by 2026 . Leadership needs to change its perspective on managing cyber risks instead of just spending more money to match the losses incurred. Cyber risk management as a business enabler The cyber economy...

Most data crimes are the result of online compromises. This makes sense, as the criminals don’t need to know any of the old, dirty, hands-on techniques such as lock-picking, dumpster diving, or any other evasive maneuvers to carry out a successful attack. However, this doesn’t mean that the old methods are completely defunct. Physical security is still an important facet of a complete security...

The Department of Defense (DoD) introduced the Cybersecurity Maturity Model Certification (CMMC) in 2019. This framework outlined a series of security standards contractors must meet to win DoD contracts, so it’s a big concern for many companies. However, four years later, the Cybersecurity Maturity Model Certification rollout has yet to take effect. Part of this delay comes from the fact that the...

It’s no secret that the U.S. power grid is one of the main foundations of the nation’s economy, infrastructure, and daily way of life. Now that almost everything is digitized, it is hinging on it even more. We wouldn’t be able to use even most vending machines (not to mention cell towers or the internet) without a working electrical supply, and the importance of keeping it safe cannot be...

The Gramm-Leach Bliley Act (GLBA or GLB Act), or financial modernization act, is a bi-partisan federal regulation passed in 1999 to modernize the financial industry. It repealed vast swathes of the Glass-Steagall Act of 1933 and the Bank Holding Act of 1956 , allowing commercial banks to offer financial services such as investments or insurance. It also controls how financial institutions deal...

At the turn of the most recent century, the financial world was in a moment of unregulated growth, which lead to some serious corporate misdeeds in the United States. This presented the opportunity for two senators to enact a new law to ensure accurate and reliable financial reporting for public companies in the US. The result was the Sarbanes-Oxley Act ( SOX ) of 2002. But what does financial...

We often hear how a company was compromised by a sophisticated attack. This characterization contains all the romantic thrill of a spy movie, but it is usually not how most companies are victimized. Most breaches usually happen as a result of malware entering the environment. The need to protect against malware is addressed in progressive degrees in Requirement 5 of the new 4.0 version of the...

In April 2023, German artist Boris Eldagsen won the open creative award for his photographic entry entitled, Pseudomnesia: The Electrician. But, the confusing part of the event for the judges and the audience was that he refused to receive the award. The reason was that the photograph was generated by an Artificial Intelligence (AI) tool. It was reported that Eldagsen “said he used the picture to...

What is the SEC? Founded 85 years ago at the height of the Great Depression, the Securities and Exchange Commission (SEC) has a clear mission: to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation. Put simply, the SEC aims to protect US investors by maintaining a fair market. The SEC doesn’t work directly with investors, however. Instead, it...

If someone asked you “are you protecting your data,” your initial response would probably be to clarify what they are referring to specifically, since the question is so broadly stated. You could just reply with a terse “Yes,” but that is as open-ended and nebulous as the question. The general idea of data protection encompasses so many areas, from the amount of data that is being stored, to the...

Back in 2015, we published an article about the apparent perils of driverless cars. At that time, the newness and novelty of sitting back and allowing a car to drive you to your destination created a source of criminal fascination for some, and a nightmare for others. It has been eight years since the original article was published, so perhaps it is time to revisit the topic to see if driverless...

We have officially entered the 12-month countdown to the enactment of the new Payment Card Industry Data Security Standard (PCI DSS). The new version, 4.0, set to go into effect on April 1, 2024, contains some interesting and notable changes. Is your organization ready to meet the new requirements? In this 6-part series, we spoke with specialists who help to break down the changes to make your...

Cybersecurity has risen to become a major concern for nearly every industry. With the constant stream of news about the escalating numbers of breaches, it is understandable that governments have taken a more active role by passing cybersecurity and privacy legislation. Some of the industries are not top of mind to many people. For example, few people are aware of all of the industries that make up...

While we all know the actual point of PCI is vastly more far-reaching, we can’t deny that the juggernaut of PCI DSS 4.0 compliance is getting past the auditors. However, there is a right way to do it that doesn’t just check the box – it creates the underlying business operations that enable you to pass an audit any day, at any time, with just the processes you have in hand. Here’s how. The PCI 4.0...

In our webinar, Insights for Navigating PCI DSS 4.0 Milestones , we discuss some of the challenges organizations face as they try to comprehend the new requirements of PCI DSS 4.0. One of the questions we commonly hear is, “How do we prepare for PCI 4.0 deadlines while still maintaining day-to-day operations?” The discussion involved David Bruce , our Head of Product Management, and guest experts...

The phone rings, displaying "Potential Spam," warning of the possible downfall of accepting the call. We also have the option to set specific ringtones for the special people in our lives, so we audibly know immediately who’s calling. For other callers, like the once-a-year important call from our insurance or investment rep, we'll at least add their names so we can see when they ring. And, of...

The boon of online business and credit card transactions in the early 90s and 2000s resulted in an increasing trend of online payment fraud. Since then, securing business and online card transactions has been a growing concern for all business and payment card companies. The increasing cases of high-profile data breaches and losses from online fraud emphasized the need for urgent measures and a...

The K-12 Report breaks down the cyber risks faced by public schools across the country and is sponsored by the CIS (Center for Internet Security) and the MS-ISAC (Multi-State Information Sharing & Analysis Center). Published “to prepare K-12 leaders with the information to make informed decisions around cyber risk”, the report provides a data-driven analysis of what went well, what could be better...

What Is Microsegmentation? Microsegmentation is a security technique that partitions a network into small, isolated sections to reduce the attack surface and reduce an organizations risk. Each microsegment is typically defined by specific security policies, accessible only to authorized users and devices. Microsegmentation is often seen as a more effective security strategy than traditional...

As the United States government, the energy industry, and individual consumers work toward cleaner and more sustainable energy solutions, it is crucial to consider how new and advancing technologies affect, and are affected by, cybersecurity concerns. ­­­­Increasing use of smart energy devices can be useful for consumers to have more control over their energy consumption, but can also pose a...