"Our risk landscape has changed from protecting the things that we operate to protecting the things that we buy, and that's why third party risk management is the place where people are really focusing," says Joel de la Garza of the venture capital firm Andreessen Horowitz.
The Reserve Bank of India issued a notice to all cooperative banks advising them to apply caution while deploying third-party core banking applications and check for appropriate security standards. The move came after credential theft incidents at some banks. But will banks heed the advice?
Risk managers in particular have a vested interest in ensuring their organizations are in ongoing compliance with GDPR.
If you are concerned about your organization's GDPR compliance, download this guide and learn:
A history and background of the GDPR;
A number of noteworthy compliance indications;
Big data and artificial intelligence have sparked a paradigm shift in risk management. From cybersecurity to PR to logistics, continuous monitoring is already making a major impact.
Download this eBook and learn how continuous monitoring technologies are transforming a range of risk areas such as:
Australian medical booking platform HealthEngine offered AU$25 (US$19) gift vouchers to dental patients who sent photos of their treatment invoices to the company, which it positioned to patients as "invaluable" research. Privacy experts say the company may have fallen afoul of Australian privacy guidelines.
What happens if organizations that must comply with GDPR have yet to achieve compliance, despite having had two years to do so before enforcement began? Don't panic, says cybersecurity expert Brian Honan, but do be pursuing a data privacy transparency and accountability action plan.
Leading the latest edition of the ISMG Security Report: Reports on the impact enforcement of the EU's General Data Protection Regulation, which began Friday, will have on the healthcare and banking sectors. Plus an assessment of GDPR compliance issues in Australia, which offer lessons to others worldwide.
There are massive amounts of vulnerabilities that companies deal with on an ongoing basis - not everything is lost though. Organizations that use unpatched software face a race against the clock, with attackers regularly beginning to hammer new vulnerabilities just hours after new fixes or security alerts get released...
It's a complicated cybersecurity ecosystem for most organizations, which manage dozens of third-party relationships. Yet, they often rely on manual processes to manage their security risks. Sam Kassoumeh of SecurityScorecard discusses the value of automated security ratings.
CISOs increasingly are summoned to present to their Boards of Directors. But too often these presentations fail to frame the right topics with the right metrics, says Jacob Olcott of BitSight. He offers advice for maximizing the opportunity in front of the Board.
Vendor risk management is becoming more critical as companies rely more on partners who have access to payment card data and other sensitive information, says Ramon Lipparoni, IT integration manager at ComAir, a South African airline. One critical step, he says, is conducting impromptu vendor audits.
Although more organizations are adopting cloud access security broker technology, CASB policy templates and runbooks, as well as best practices, are still evolving, says Rohit Gupta, group vice president for cloud security products at Oracle Corp.