Third-party vendor risk continues to pose a security challenge to organizations. Despite many having formal policies for managing third-party risk, almost half of organizations say they've suffered a data breach that traces to a third-party vendor, says Mark Sangster of eSentire.
The latest edition of the ISMG Security Report analyzes the ransomware attack on Texas municipalities as part of a broader trend. Also featured: An initiative designed to safeguard the 2020 presidential elections and a CIO's third-party risk management efforts.
The transition to cloud-based software and infrastructure has revolutionized development and services. It's also created a bevy of new security challenges. Jay Heiser of Gartner says if organizations don't get cloud security right, it's their own fault. Here's why.
The recent data breach that exposed information on 2.6 million customers of Bangalore-based Jana Small Finance Bank points to the need for banks to ramp up their vendor risk management efforts, security analysts say.
Choice Hotels says about 700,000 guest records were exposed after one of its vendors copied data from its systems. Fraudsters discovered the unsecured database and tried to hold the hotel chain to ransom, which it ignored.
The U.S. Department of Defense has purchased IT gear known to have significant cybersecurity vulnerabilities, according to a new inspector general audit, which also highlights concerns about the use of equipment manufactured in China.
The cause of Capital One's breach is known. But experts say the incident still raises questions over why Capital One held onto personal data so long and if the bank was adequately monitoring administrator accounts.
The Capital One data breach is in early stages of remediation. Art Coviello, former chair of RSA, which was breached in 2011, shares first-hand insight on steps the breached institution and its CEO should be taking now.
When leveraging AI and machine learning to drive banking innovations, it is essential to take a structured approach in implementing security-by-design for conducting proper risk assessment of the organizations and people involved, says Sameer Ratolikar, CISO, HDFC Bank
An important component of managing third-party risks is monitoring the security technologies that vendor partners use, says Prakash Kumar Ranjan, IT security manager at CNH Industrial, a Netherlands-based capital goods firm.
A powerful parliamentary committee has called on Britain's new prime minister - be it Boris Johnson or Jeremy Hunt - to make a decision "as a matter of priority" about the extent to which telecommunications gear built by Huawei should be used in the nation's 5G network.
After recently issuing interim cybersecurity guidelines for private enterprises, Singapore has issued similar guidance for public sector agencies and departments in an effort to enhance data security in light of recent data breaches in the nation.