Remove Cyber Risk Remove Data breaches Remove Risk
article thumbnail

Moody’s to Include Cyber Risk in Credit Ratings

Adam Levin

The American business and financial services company Moody’s will start factoring risk of getting hacked into their credit ratings for companies. The move is seen as part of a wider initiative to gauge the risk of cyberattacks and data breaches to companies and their investors. “We’ve Read more about the story here.

article thumbnail

Accellion data breach highlights third party cyber risk

Security Boulevard

Two mega-breaches caused by third parties have occurred over the last month, adding to the recent Solarwinds epic supply chain hack, to create a growing tsunami of third party risk for enterprises and government organizations. The post Accellion data breach highlights third party cyber risk appeared first on SecureLink.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Security teams report rise in cyber risk

CSO Magazine

Do you feel like you are gaining in your ability to protect your data and your network? If you are like 80% of respondents to the Trend Micro’s biannual Cyber Risk Index (CRI) report, you expect to experience a data breach that compromises customer data in the next 12 months.

article thumbnail

NEW TECH: CyberGRX seeks to streamline morass of third-party cyber risk assessments

The Last Watchdog

The firings came as a result of a massive data breach which routed through an HVAC contractor’s compromised account. So they began inundating their third-party suppliers with “bespoke assessments” – customized cyber risk audits that were time consuming and redundant. The key takeaways: Rise of third parties.

article thumbnail

Australian CEOs Struggling to Face Cyber Risk Realities

Tech Republic Security

Research has found 91% of CEOs view IT security as a technical function that's the CIO or CISO's problem, meaning IT leaders have more work to do to engage senior executives and boards.

article thumbnail

WEF Report: Cyber Risks Pose Global Threats

Security Boulevard

The World Economic Forum’s (WEF) Global Risks Report 2022 outlined what they believe are the greatest worldwide threats and risks to economic development. The post WEF Report: Cyber Risks Pose Global Threats appeared first on Security Boulevard. Fun bedtime reading for the insomniacs.

article thumbnail

CyberSecurity Is Not Enough: Businesses Must Insure Against Cyber Losses

Joseph Steinberg

Ironically, while many larger enterprises purchase insurance to protect themselves against catastrophic levels of hacker-inflicted damages, smaller businesses – whose cyber-risks are far greater than those of their larger counterparts – rarely have adequate (or even any) coverage.

Insurance 364