As organisations across finance, healthcare, and logistics continue to transfer their operations to cloud-based applications, it raises concerns about third-party vendor attacks. Cyber attacks via third parties and vendors have been on the rise in recent years. Research shows over 1,767 reported data breaches in 2021, and experts claim that this number will go up within the next few years. … Read More
Best practices to create a powerful cybersecurity posture in 2022
Cybersecurity posture or security posture is the linchpin of vendor security. It gives you a holistic perspective of your vendor security infrastructure, tells you how vulnerable you are to cyberattacks, and encourages you to use the best cybersecurity practices. With cyberattacks set to increase in 2022 and beyond, however, there are concerns over whether today’s cybersecurity posture reflects the safety … Read More
What is a cybersecurity assessment?
RiskXchange can help your organisation utilise an effective cybersecurity assessment. Cyberattacks are on the rise right around the world, so much so that the FBI reported a record increase in cybercrime complaints in 2020 – up 69% from a year earlier. The problem is so widespread that over $4.1 billion losses were reported in the United States alone last year, … Read More
How do you assess cybersecurity risk in a post-pandemic environment?
In 2021, we’re navigating both longstanding and unique security issues that undermine the time and money invested in a robust security posture. From weakened networks compounded by poor WFH practices to sophisticated and layered phishing campaigns, there are many factors that threaten the work we do today. In fact, around 80% of senior IT employees and security leaders are convinced … Read More
Why cybersecurity is important
RiskXchange can pinpoint threats and improve your organisation’s entire cybersecurity program. In today’s digital age, cybersecurity is THE most important part of protecting your data and private information. Cybersecurity protects all categories of data from damage to theft, and also helps build a wall of defence around an organisation’s entire network or system. Personally identifiable information (PII), data, protected health information (PHI), intellectual property, personal information, sensitive data, and governmental and industry information systems all come within the cybersecurity protection zone. Without … Read More
How security ratings can help underwrite cyber insurance
In light of the increasing number of data breaches in recent years, cyber insurance is growing in popularity to help protect organisations, individuals and other bodies should an attack take place. In order for insurance companies to accurately underwrite their cyber risk policies, security ratings are an essential measure for coming up with their pricing strategies and to reduce risk … Read More
All you need to know before securing your enterprise a cyber liability insurance policy
Insurance providers leverage RiskXchange when underwriting cyber insurance policies for their customers. Businesses around the world and spanning all industries rely on technology and the internet to carry out the bulk of their operations. As a result of this new age of digitisation and cloud-based operating, organisations have opened themselves up to many cybersecurity challenges. As data breaches become commonplace so does the … Read More