According to PwC’s Global Risk Survey 2023, 40% of surveyed business and risk leaders reported improving their organization’s approach to risk in the last year to strengthen compliance with regulatory standards. Among the top-performing 5% of organizations, this figure skyrocketed to 81%. But what’s driving this significant leap? The solution resides in clearly recognizing and…
As we seem to think, privacy violations are not always black and white. Sensitive information like a person’s location, contacts, or communications can be linked to them in different ways. Frameworks like PIPEDA compliance can be a lifesaver. This could happen in one of two scenarios: the information is shared intentionally, like through open data…
A recent report states that 4 out of 5 security vulnerabilities in organizations across all sectors originated from the cloud. The swift transition to complex cloud environments has given rise to a spectrum of cloud security issues. According to Google Cloud Forecast 2025 paints a stark picture of the evolving threat landscape. The sheer number…
In May 2023, Facebook was fined $1.3 billion by Ireland’s Data Protection Commission for breaching GDPR regulations. Even for a tech giant, it was a significant dent on its reputation and was a precedent for many more congressional hearings to follow. It was a cautionary tale for small businesses to tighten their data governance practices. …
TL,DR: Compliance risk is the threat of legal penalties, financial loss, or reputational damage an organization faces when it fails to follow laws, regulations, or internal policies due to inadequate controls, human error, or regulatory changes The top 10 compliance risk types include human error, absence of supervision, inadequate data monitoring, regulatory changes, third-party vendor…
TL,DR: SOC as a Service (SOCaaS) provides outsourced security operations through a cloud-based subscription model for threat monitoring, detection, and response. In October 2023, 114 incidents compromised over 867 million records globally Core capabilities include 24/7 security event monitoring, real-time threat detection and alerting, incident investigation and response, log management and correlation, vulnerability identification, and…