ProcessBolt’s Post

Recent breaches, such as the Bank of America incident involving Infosys, highlight the importance of effective vendor risk management. With 57,000 customers affected, it's clear that vulnerabilities within vendor networks can have far-reaching consequences. Using attack surface monitoring tools like Threatscape, we can identify significant and preventable weaknesses in a vendor's security posture and work to remediate the issues before hackers exploit them. American Express and Cisco also experienced third-party breaches in the last few months. It is noteworthy that these are large organizations in highly regulated industries that are struggling with third-party breaches. We have seen that sophisticated organizations in regulated industries often rely on annual risk assessments to manage vendor risk and do not incorporate new technology and strategies into their programs. Continuous monitoring of internet-facing attack surfaces is critical to a comprehensive vendor risk management program. How can companies improve their vendor risk management strategies in light of recent breaches? #Cybersecurity #VendorRiskManagement Video by GrowthMatch

A cyber risk assessment considers and evaluates your processes, your people, and your technology for overall risk. Learn more in our latest blog: #EndCyberRisk

A cyber risk assessment considers and evaluates your processes, your people, and your technology for overall risk. Learn more in our latest blog: #EndCyberRisk

A cyber risk assessment considers and evaluates your processes, your people, and your technology for overall risk. Learn more in our latest blog: #EndCyberRisk

UK organisations are confident they will meet the NIS 2 compliance timeline - The Independent: UK organisations are confident they will meet the NIS 2 compliance timeline  The Independent #CyberSecurity #InfoSec #SecurityInsights

Discover the types of suppliers that pose the greatest risks to your organisation if breached in this new Risk Ledger Explainer. #cybersecurity #tprm #supplierbreach #supplychainrisks https://lnkd.in/e6hmew-r

Being seen as a leader in implementing exemplary cybersecurity practices can dramatically enhance a business’s brand reputation.     In this latest blog, Andy Taylor, Consulting Partner, Risk & Cybersecurity, TCS explores the benefits of having an integrated cybersecurity risk management strategy for financial institutions. Key takeaways include:  - Businesses can reduce the risk of data breaches by implementing, reviewing and updating strong security measures.  - A solid and auditable approach to financial transaction safeguarding will provide a commercial and tangible benefit to clients and customers.    Read more here - https://lnkd.in/gCcUNS29 #financialcrime #cybersecurity Tata Consultancy Services

As cyber risks surge across industries, a recent Wall Street Journal survey reveals that 9 out of 10 compliance professionals are facing increased threats. From new SEC regulations demanding faster breach reports to high-profile attacks like those on MGM Resorts, the pressure on audit, risk, and compliance teams has never been greater. 💻🔐 Read the full article here:  https://lnkd.in/gn2BBxPm #Cybersecurity #Compliance #RiskManagement

Pleased to share my latest article for AuditBoard: “Traversing the Rising Tide of Cyber Threats in 2024: An Integrated Risk Management Approach.” In this piece, I explore the evolving cyber threat landscape and provide strategies for managing these risks through a comprehensive IRM framework. Discover how your organization can stay ahead of cyber threats and enhance resilience. #CyberSecurity #RiskManagement #IRM #AuditBoard #CyberThreats #2024Trends https://lnkd.in/ew_DFyna

We are glad to have contributed to an in-depth feature of Financier Worldwide on cybersecurity and risk management in Singapore. Some key observations on the cyber risk environment are: 1. Ransomware attacks are a "near universal cyber threat" impacting almost every industry and government. 2. Supply chain cybersecurity risks have emerged as a critical risk area for companies; another growing risk is the use of GenAI to commit spear phishing attacks. 3. Organizations should conduct cybersecurity gap analyses, establish policies and procedures and implement controls and technical measures. 4. Organizations should assume a breach mentality and develop incident response plans and playbooks, establish an incident response team with external counsel and forensic experts on retainer and conduct table-top exercises. 5. Boardrooms will continue to focus attention on cyber risks and senior personnel liability. https://lnkd.in/gRPyJ-BS Jeremy Lua Charis Low Chen Yan Wang Terence De Silva Jeremiah Chew Teerin V. Daniel Ng Yonghe (Johnny) LIU Jeremiah Purba Jim Lennon Christopher Cwalina Will Daugherty Christoph Ritzer Jurriaan Jansen Marcus Evans Jonathan Ball Tim Jones Lara White Nadège Martin Note subscription requirement for access.