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In today’s rapidly evolving digital landscape, the protection of sensitive information and the preservation of digital assets have become paramount, as has a full and accurate understanding of the controls in place. As organizations navigate the intricate realm of cybersecurity, the role of a Chief Information Security Officer (CISO) has...
On July 26, 2023, the U.S. Securities and Exchange Commission (SEC) adopted rules regarding Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure by Public Companies. The SEC has developed these rules to require registrants to disclose all material cybersecurity incidents on the new Item 1.05 of Form 8-K. Additionally, the...
Cybercrime events cost affected organizations trillions of dollars annually and the monetary damage caused by these incidents is increasing year over year. Many well-known organizations have acknowledged the unfortunate rise in cybersecurity incidents and the importance of appropriate insurance. The United States Federal Trade Commission, in conjunction with the National...
This article was written by Kevin Testo, Industry Leader, Human Services, The Bonadio Group & Carl Cadregari, Executive Vice President, FoxPointe Solutions. By the simple nature of their operations, human service organizations possess abundant amounts of protected personal information in electronic format. As confirmed by the U.S. Department of Health...
Today’s organizations face numerous cybersecurity challenges, and one of the most insidious threats is social engineering. Cybersecurity is often associated with technical vulnerabilities and sophisticated defenses; however, social engineering leverages human reactions and psychology to gather information and perform attacks. This article aims to shed light on the key principles...
How can an organization know if they are prepared to handle the many facets of a cybersecurity incident? We check the news all the time and see headlines of the latest data breach, or ransomware outbreak, but what if that happened to you? Would your team be able to identify...
Yesterday, the Board of Governors of the Federal Reserve System (Federal Reserve), the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC, and together with the Federal Reserve and the FDIC, the Agencies), finalized previously proposed interagency guidance on how banking organizations should manage...
What is Encryption? Encryption is often utilized to protect and hide user information from hackers. However, understanding what encryption is and how it works may be daunting. By looking at the first forms of encryption, we can simplify and understand modern encryption. The simplest form of encryption is referred to...
Man-in-the-Middle Attack Phishing and malware attacks have become well known methods of cyber security attacks. But there is another, less common, but equally dangerous method of attacking: Man-in-the-Middle or Eavesdropping attacks. A Man-in-the-middle attack involves an individual observing or collecting your data that is being sent to a trusted source....
As another year passes, more cybersecurity laws and regulations for financial institutions are proposed and or updated. Let’s recap the last twelve months and look at some of the most impactful cyber regulatory updates that, whether coming soon or are now in effect, will need to be considered by your...
In 2018, one of the most well-known side-channel attacks was discovered. The Spectre and Meltdown attack was noteworthy because of how the exploitation affected almost every modern computer processor using software alone, making it difficult to detect. There was a specific technique called “speculative execution” that created a vulnerability in...
This article was written by Christopher Salone, CISA, CCSFP, MBA After years of presenting to Audit Committees, you develop effective ways of communicating not only the results of your IT Audits, but also the health and state of the Organization as a whole. Frequently, I find that at the end...
