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
Cybersecurity risk management best practices that improve the integrity of your supply chain
For most security professionals, industry tidings tend to be grim affairs. With a four-fold increase in supply chain attacks predicted this year—along with news of increasing accounts of malware, data being held at ransom and more—there is a lot of work that needs to be done when it comes to cybersecurity risk management. For most businesses, it’s the supply chain … 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
What are cyberattack vectors and how can you avoid them?
RiskXchange generates objective and quantitative reporting on a company’s cyber security risk and performance. Cybercrime is ever evolving, and hackers are changing their tactics daily. Malware is commonplace but ransomware is the biggest threat to organisations in 2021. Some attack vectors – like phishing and credential theft – have been around for quite some time while others have cropped up in recent years causing widespread damage. A cyberattack vector is … 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
All you need to know about ransomware attacks
RiskXchange can regularly monitor and mitigate risks to prevent unnecessary exposures. Ransomware attacks have been in the news quite a lot lately – government agencies, large, medium and small-sized organisations, and even individuals have all fallen victim. Ransomware is a type of malware that stops users from accessing their entire system or personal files and a ransom payment is demanded … Read More
Develop a deeper understanding of cyber risk using financial quantification
RiskXchange not only delivers a comprehensive financial quantification analysis but can also continuously monitor security programs. To improve security within any business, a framework through which to assess exposure to cyber risk and to understand the impact on your organisation is key. The financial quantification of organisational cyber risk gives a business the necessary context through data-driven metrics by breaking … Read More
How to tell the difference between inherent risk and residual risk
RiskXchange can fully monitor internal and third-party attack surfaces to minimise risk. In today’s digital era, organisations of all sizes must become risk vigilant. Inherent risks are categorised as all risks that are present without security controls. Incorporating sophisticated security controls will reduce risk but won’t completely element them. Therefore, residual risks are the risks that remain following the implementation … Read More