Today, almost every organization is engaged with a third-party vendor at some level when offering products or services. Take, for instance, an e-commerce business that may not be able to function properly unless multiple third-party integrations are involved, such as CRMs, payment gateways, live chat APIs, or a shipping gateway, to name a few. Though third-party vendors are a necessary cog in the...

The emergence of innovative Financial Technology (FinTech) has spearheaded rapid growth in the digital payments sector. In recent years, global payment revenues exceeded valuations of $2.2 trillion , with a steady Compound Annual Growth Rate (CAGR) expected in the next five years. There is no denying the convenience benefits that the digital transformation of payments has brought consumers and...

One of the most common factors that can lead to cybersecurity incidents is a security misconfiguration in software or application settings. The default settings that come with the implementation of these tools and solutions are often not configured securely, and many organizations do not invest the time and resources into ensuring that they are. Several regulatory organizations have established...

The payment industry is bracing for the transition to Payment Card Industry Data Security Standard (PCI DSS) 4.0 , heralding significant changes in cybersecurity practices. As we approach the implementation of this revised standard, a critical focal point emerges: the role and new mandate of web application firewalls (WAFs) in ensuring compliance. The shift from a best practice to a prescribed...

Organizations looking to protect their sensitive data and assets against cyberattacks may lack the ability to build a cybersecurity strategy without any structured help. The National Institute of Standards and Technology ( NIST ) has a free, public framework to help any organization mature its IT security posture. Recently, the institute published an updated version of the cybersecurity framework...

The then-new 2014 NIST Cybersecurity Framework (CSF) was designed to plug security gaps in operational technology. It’s still in use today and more relevant than ever. Fortra’s whitepaper provides a cohesive review of this security staple and how to glean the best out of it for your strategy. A Brief History of NIST CSF “The full maximum NIST Cybersecurity Framework is about as big an umbrella as...

The distribution systems of the U.S. energy grid — the portions of the grid that carry electricity to consumers — are growing more susceptible to cyber-attacks , in part due to the advent of monitoring and control technology and their reliance on them. However, the magnitude of the possible consequences of such attacks is not fully understood. Reports by the Government Accountability Office (GAO)...

Have you ever walked up to an ATM after another person finished with the machine only to find they left it on a prompt screen asking, “Do you want to perform another transaction?” I have. Of course, I did the right thing and closed out their session before beginning my own transaction. That was a mistake an individual made by careless error which could have cost them hundreds of their own currency...

The NIST Cybersecurity Framework was meant to be a dynamic document that is continuously revised, enhanced, and updated. These upgrades allow the Framework to keep up with technological and threat developments, incorporate lessons learned, and transform best practices into standard procedures. NIST created the Framework in 2014 and updated it with CSF 1.1 in April 2018 . The National Institute of...

What is File Integrity Monitoring? The IT ecosystems of enterprises are highly dynamic. Typically, organizations react to this volatility by investing in asset discovery and Security Configuration Management (SCM). These core controls enable businesses to compile an inventory of authorized devices and monitor the configurations of those assets. In addition to managing changes to their...

The increasing popularity of online payment systems results from the world’s gradual transition to a cashless and contactless digital economy — an economy, projected in a recent Huawei white paper, to be worth $23 trillion by 2025. With digital commerce emerging as the largest segment in the projected $8.49 trillion global digital payments market in 2022, it’s not surprising that businesses are...

In March 2022, the Payment Card Industry Data Security Standard (PCI DSS) was updated with a number of new and modified requirements . Since their last update in 2018, there has been a rapid increase in the use of cloud technologies, contactless payments have become the norm, and the COVID-19 pandemic spurred a massive growth in e-commerce and online payments. At the same time, cybercriminals have...

The new PCI DSS Standard, version 4.0 , contains all the steps, best practices, and explanations required for full compliance. In fact, even an organization that does not process cardholder data could follow the PCI Standard to implement a robust cybersecurity program for any of its important data. In our series about how the new standard differs from the previous version, we examined some of the...

As we continue our review of the 12 Requirements of PCI DSS version 4.0 , one has to stop and consider, is it possible to have a favorite section of a standard? After all, most guidance documents, as well as regulations are seen as tedious distractions from the importance of getting the job done. However, depending on a person’s position and function in an organization, it is possible to “geek out...

In Part 1 of this series , we reviewed the first four sections of the new PCI standards. As we continue our examination of PCI DSS version 4.0, we will consider what organizations will need to do in order to successfully transition and satisfy this update. Requirements 5 through 9 are organized under two categories: Maintain a Vulnerability Management Program Requirement 5: Protect All Systems and...

The Payment Card Industry Security Standards Council has released its first update to their Data Security Standard (PCI DSS) since 2018. The new standard, version 4.0, is set to generally go into effect by 2024, but there are suggested updates that are not going to be required until a year after that. This, of course, creates a couple of problems for those who want to phase in the new standard...

It’s not often we can say this, but 2022 is shaping up to be an exciting time in information governance, especially for those interested in compliance and compliance frameworks. We started the year in eager anticipation of the new version of the international standard for information security management systems, ISO 27001:2022, soon to be followed by version 4.0 of the PCI DSS standard. Although...

The Payment Card Industry Data Security Standard (PCI DSS) is a benchmark with tenure in the industry, with the first version being introduced in 2004. The PCI DSS was unique when it was introduced because of its prescriptive nature and its focus on protecting cardholder data. Cybersecurity is a changing landscape, and prescriptive standards must be updated to address those changes. The most...

Data security and privacy are today a prime focus for most organizations globally. While there have been several regulations and standards introduced to improve data security, the evolving landscape makes it challenging for organizations to stay compliant. For many organizations, GDPR and PCI DSS are the first topics that come to mind when privacy is concerned. While GDPR is an international data...

Ransomware today is a billion-dollar industry. It’s crippled industries like healthcare. In 2017, for instance, WannaCry brought much of the United Kingdom’s National Health Service to its knees using the EternalBlue exploit. It was just a few weeks later when the NotPetya ransomware strain leveraged that same vulnerability to attack lots of industries. These attacks and others like them were made...