Human error is a significant cybersecurity risk that can lead to data breaches, ransomware attacks, and other security incidents. According to an IBM assessment, human error is involved in 95% of information security errors. Human error can occur in both information technology (IT) and operational technology (OT) environments, and it can be caused by a variety […]
Cybersecurity risk in emerging technologies is a growing concern for businesses as they adopt new technologies to improve their operations. Emerging technologies such as the Internet of Things (IoT), artificial intelligence (AI), and cloud computing are transforming the way businesses operate, but they also introduce new risks and vulnerabilities that need to be addressed. The […]
Risk-based approaches to cybersecurity are designed to help organizations identify, prioritize, and mitigate risks to their information technology (IT) and operational technology (OT) systems. These approaches involve assessing the risks and vulnerabilities of the systems, processes, and controls, and implementing appropriate technical and organizational measures to reduce the risks. Some of the common elements of […]
Crisis management in cybersecurity incidents is a critical component of cybersecurity risk management. A cybersecurity incident is an event that compromises the confidentiality, integrity, or availability of information or systems. Cybersecurity incidents can have severe consequences for organizations, including financial losses, legal liabilities, reputational damage, and loss of customer trust1. To manage a cybersecurity incident, organizations […]
In the face of increasing cyber threats, organizations are turning to cyber insurance as a means of mitigating risk. Cyber insurance can provide financial protection against losses resulting from cyber incidents, such as data breaches or network damage. Cyber Insurance and Risk Mitigation Cyber insurance plays a crucial role in an organization’s risk mitigation strategy. […]
Third-Party Risk Management Best Practices in the Current Cybersecurity Landscape Introduction Third-party risk management (TPRM) is a crucial aspect of any organization’s risk management and cybersecurity strategy. With the increasing reliance on third-party vendors and the growing sophistication of cyber threats, it’s more important than ever for organizations to have robust TPRM practices in place. […]
Data breach preparedness and response are critical components of cybersecurity risk management. A data breach is an incident in which sensitive, protected, or confidential data is accessed, stolen, or exposed by unauthorized individuals or entities. Data breaches can have severe consequences for organizations, including financial losses, legal liabilities, reputational damage, and loss of customer trust1. To […]
The evolving cybersecurity threat landscape is a top priority for security and risk management leaders. The interconnectedness of risks today creates an impetus for organizations to rethink their approach to risk management. IT/OT convergence, which involves the integration of information technology (IT) and operational technology (OT) systems, introduces new risks and complexities that need to be […]
In an era of interconnected global supply chains, cybersecurity risks pose significant threats to the integrity, continuity, and security of these networks. This article navigates through the complexities, vulnerabilities, impact, mitigation strategies, technologies, and future trajectories of supply chain cybersecurity risks. Introduction: Supply chains, spanning multiple interconnected entities, are susceptible to cyber threats that can […]
Cybersecurity risk assessment frameworks serve as fundamental tools in comprehensively understanding and managing cyber risks within organizations. This article navigates through the intricacies, methodologies, significance, challenges, implementation strategies, and future trajectories of cybersecurity risk assessment frameworks. Introduction: In an increasingly digitized landscape, organizations face diverse and evolving cyber threats. Cybersecurity risk assessment frameworks play a […]