25 Aug Cybersecurity Weekly: 8.25.23
This week’s top picks in Cybersecurity-focused headlines…
5 Best Practices For Implementing Risk-First Cybersecurity
“Embracing this approach empowers organizations to proactively manage risks, enhancing cyber resilience for sustainable success. Furthermore, to achieve comprehensive and effective risk management, organizations must encourage collaboration among all teams, including operations, compliance, governance, and finance, to gain diverse risk perspectives.” READ MORE
Balancing Risk And Compliance: Implications Of The SEC’s New Cybersecurity Regulations
“The SEC’s new rules are aggressive and intended to enhance accountability and transparency, require covered companies to disclose material cybersecurity incidents within four business days and mandate periodic disclosure of a company’s cybersecurity risk management, strategy, and governance in annual reports.” READ MORE
Cybersecurity Insurance Is Missing The Risk
“The traditional actuary models do not apply well to an environment where highly motivated, creative, and intelligent attackers are dynamically pursuing actions that cause insurable events. Accurate estimation of losses is key to determining customer premiums. But even after two decades, there’s a wide range of loss ratios between insurers (-0.5% to 130.6%). The underwriting processes are not robust enough to properly estimate the losses and accurately price reasonable premiums.” READ MORE
Microsoft Is Now A Cybersecurity Titan. That Could Be A Problem.
“Part of Microsoft’s cybersecurity dilemma comes down to its immense size. Its platforms are used by everyone from schoolteachers and wine sommeliers to trapeze artists, dog groomers, and high-ranking government agents. With more than a billion users apiece on Windows and Office — and more than 500 million active users on cloud computing platform Azure — Microsoft’s systems represent a highly-valuable target for would-be cybercriminals, and as such are under near-constant attack.” READ MORE
Why Network Penetration Testing Is An Essential Cybersecurity Practice
“With new attack vectors popping up by the dozen daily, penetration testing helps businesses fortify their IT environment against the latest, stealthiest and most dangerous cyberattacks like ransomware, business email compromise and account takeover, and DDoS. Doing this regularly also helps organizations meet their compliance requirements without fail.” READ MORE
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ALTOURAGE ON CYBERSECURITY
Few areas in the information technology space draw as much focus and concern as cybersecurity, and rightly so. Threats that were once the concern of governments and enterprises now frequently target small and midsized business. In addition, cybersecurity requirements from clients, partners, investors, insurers, and regulators continue to grow.
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