A security incident can topple an organization’s reputation and revenue in a short amount of time. As billionaire Warren Buffet once said, “it takes 20 years to develop a reputation and five minutes to ruin it.” Keeping that in mind, it’s ideal to have an incident response plan in place before a security breach occurs. …
As the name signifies, a BIA quantifies the impact of a cyber disruption on your business. It doesn’t matter if the disruption happens because of an internet outage or a severe breach — a BIA covers it all. A business impact analysis lays the foundation for a strong business continuity and disaster recovery (BCDR) strategy …
Read more “The Importance of Business Impact Analysis (BIA)”
The COVID-19 pandemic has impacted everyone in one way or another. If there is one category that most benefited from the pandemic, it’s cybercriminals. That’s why cybercrime has shot up by almost 300% since the start of the pandemic1 and that’s why you must adopt necessary measures to protect your business from malicious cyber players. …
Read more “The Beginner’s Guide to Cyber Liability Insurance for Business”
Software-as-a-Service (SaaS) applications are more in use than ever before. Almost every company uses either one or the other SaaS application on a daily basis. The global SaaS market size is expected to reach $185.8 billion by 2024 as businesses move online and adapt to cloud for an agile and lean growth model. However, most companies operate under the misconception that SaaS providers …
Digital transformation has made many things easier for businesses, right from inventory management and order processing to managing financials. On the flip side, however, it has also made companies more vulnerable to cyberattacks and data breaches. A breach occurring anywhere in the supply chain could end up seriously disrupting your operations. So, how do you …
Your business’ cybersecurity posture must prioritize detection, evaluation and mitigation of risks posed by your supply chain. It is vital that your security is upgraded on a regular basis to better prepare for any worst-case scenarios. Having said that, it should come as no surprise that a vulnerable third party that your organization deals with …
Read more “Recommended Best Practices for a Secure Supply Chain”
Merely mitigating external cybersecurity threats isn’t enough when it comes to fighting cybercrime in today’s ever-evolving threat landscape. Although insider threats can be as devastating and as deadly as their external counterparts, most businesses fail to track and manage insider threats adequately. As per the Data Exposure Report 2021 by Code42 and the Ponemon Institute, …
Read more “How Disgruntled Insiders Pose a Serious Threat to Your Business-Critical Data”