Vendor Risk Assessment: Mitigating Third-Party Vulnerabilities
Gartner’s study reveals that 80% of compliance leaders uncover third-party risks post-initial onboarding and due diligence processes; this finding underscores the escalating complexity within vendor relationships. It emphasizes the necessity for risk management strategies when dealing with vendors. Investing in vendor risk assessment procedures—such as enhancing procurement processes, bolstering supervision, and mitigating associated risks with…
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Oct 01, 2024
Cybersecurity Risk Management: Process, Frameworks & Examples
When it comes to staying safe online, cyber security risk management is the key. But the idea of creating a thoughtful plan and process may sound intimidating—especially if you’re unsure where to begin. That’s why we’ve taken the time to research and outline what a cybersecurity risk management process is and why it is important….
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Sep 30, 2024
9 Limitations of Internal Controls And How to Mitigate Them
Internal controls are the building blocks of a company’s security posture. They shape the company’s security architecture and they can often be the difference between a secure company and a vulnerable one. A recent study suggested that about 68% of occupational fraud occurred due to reasons relating to internal control loopholes—the reasons ranging from a…
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Sep 29, 2024
What Is Cyber Essentials Certification and How to Get It?
How much does your business suffer from cyber threats? And with attacks taking a masterful turn, safeguarding sensitive data — and winning customers’ trust — requires more than just a firewall or antivirus software. This is where Cyber Essentials certification comes in, a government-backed framework that helps organizations prevent the most common types of cyberattacks…
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Sep 28, 2024
Cybersecurity Strategy: Key Components and How to Develop One
For organizations that still believe investing in cybersecurity is simply purchasing a suite of tools, it continues to be a cost center. You are aiming in the dark without intending to achieve something long-term. Cybersecurity only turns into a value proposition when it is backed by a detailed plan where you align it with the…
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Sep 27, 2024
Cybersecurity Framework: A Complete Guide to Protecting Your Business
Hackers are becoming increasingly creative. They now use sophisticated wares to access and steal sensitive information. Cloud intrusions have increased by 75% while 72% organisations have faced ransomware attacks highlighting the urgent need for cybersecurity defenses. The financial impact of cybercrime is expected to reach $10.5 trillion in 2025! These cybersecurity trends show that regardless…
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Sep 27, 2024