Why is the number of cyber attacks during holidays growing?

RiskXchange Why are cyber risks on the rise during the holiday season RiskXchange The leader in Third-Party Cyber Risk Management

As the holiday season draws closer, the retail and logistics industry can expect a significant increase in activity and revenue as customers flock to websites and physical stores to complete their shopping. But so does increase the risk of cyber attacks during holidays. Studies show that holiday shopping in 2021 will grow by 8.1% in sales, marking a significant rise … Read More

Cyber supply chain risk management (C-SCRM) best practices for 2022

RiskXchange Cyber supply chain risk management C SCRM best practices for 2022 RiskXchange The leader in Third-Party Cyber Risk Management

RiskXchange fights cyber threats by providing instant risk ratings for any company across the globe. Cyber supply chain risk management (C-SCRM) is the process of identifying, understanding, and mitigating cyber risks that threaten your organisation’s extended supply chain. Managing cyber risk within your supply chain includes taking precautionary measures to secure your organisation against attacks, as well as mitigating the … Read More

Health industry cybersecurity practices: How to secure your exposed attack surface

RiskXchange How To Improve Healthcare Cybersecurity RiskXchange RiskXchange The leader in Third-Party Cyber Risk Management

Modern healthcare industry systems incorporate digital technology to deliver high-quality medical care in a timely and efficient manner. In light of modern medical needs, these systems have evolved into massive ecosystems; while necessary, their sheer size and scope have enlarged the attack surface, making it significantly harder to secure and ensure you implement the best health industry cybersecurity practices. This … Read More

Top 5 cyber risks for insurance companies

RiskXchange Top 5 cyber risks for insurance companies RiskXchange The leader in Third-Party Cyber Risk Management

Today, the cybersecurity landscape finds insurance companies struggling to fend off aggressive cyberattacks as cybercriminals breach traditional defences with sophisticated and unprecedented attack methods, which poses significant cyber risks for insurance companies. Before the pandemic, an average insurance company would face over 113 cyberattacks per year, with a handful of incidents proving successful in breaching their defences. Since the onset … Read More

Understanding the difference between ransomware attack and data breach

Riskxchange Understanding the differences between ransomware attacks and data breaches RiskXchange The leader in Third-Party Cyber Risk Management

RiskXchange uses data-driven insights to prevent ransomware attacks and data breaches in your organisation. Data breaches and ransomware attacks are two completely different kinds of hacks which are increasing worldwide. However, the line between the two has somewhat narrowed of late. What is the difference between ransomware attack and data breach? Let’s take a look at both. What is a … Read More

What Executives Get Wrong About Cyber Security Risk & Risk Management

RiskXchange What Executives Get Wrong About Cybersecurity Risk Management RiskXchange The leader in Third-Party Cyber Risk Management

RiskXchange can regularly monitor and mitigate cyber security risk to prevent unnecessary exposures. With the average cost of a data breach now hitting a staggering £3 million, CEOs and company executives all over the world are becoming increasingly more nervous about their cybersecurity posture. Not only is company data at risk but so are reputations and customer trust. The problem … Read More

What to consider when selecting a third party risk management framework

RiskXchange A Framework For Third Party Risk Management RiskXchange The leader in Third-Party Cyber Risk Management

In March 2021, the Volkswagen Group of America learnt that one of its vendors left unsecured data online, exposing contact information and social security numbers of over 3.3 million customers. The attack severely damaged the brand’s reputation because over 97% of the victims were Audi customers and interested buyers. The cyberattack encapsulates the problem most companies face today—discerning which vendors … Read More