On average, hacker attacks occur every 39 seconds, according to a study from the University of Maryland Clark School of Engineering. The after-effects of a cybersecurity event can be substantial and may include financial losses, reputational damage, operational disruptions, and possible legal ramifications. What Is Cybersecurity? Cybersecurity is the practice of protecting private systems, networks,
According to the U.S. National Cyber Security Alliance, approximately 60 percent of small businesses that experience a cyber attack go out of business within six months. Cyber risk management involves identifying, evaluating and addressing an organization’s cybersecurity threats and prioritizing defensive measures to protect against the impact of a breach. Why Work With A Cyber
In today’s digital era, cybersecurity threats are rising faster than ever before. Unfortunately, just 16 percent of executives say that their organizations are well prepared to deal with a cyberattack, according to McKinsey & Company. One of the most effective ways to protect an organization against cyber threats is adopting a risk-based cybersecurity approach. Cyber
Cyber crimes are up approximately 600 percent due to the COVID-19 pandemic, according to PurpleSec. It is more important than ever before to promote cybersecurity awareness within organizations and teach employees about the dangers of phishing and other scams that could put the business and its stakeholders at risk. Although there are technologies in place
The COVID-19 pandemic impacted nearly every facet of the healthcare industry. According to a CI Security Report, the number of healthcare cybersecurity breaches increased from 270 in the first half of 2020 to 366 in the second half. Due to the uptick in cybersecurity threats, organizations are focusing on business continuity efforts and meeting compliance
While the acceleration of digital transformation has produced many benefits for businesses today, it has also led to an increase in cyber risk, making this a top priority for organizations in all industries. Companies need to take a strategic approach to cybersecurity to protect their valuable data and, in some cases, abide by compliance laws.
Updated: 6/27/23 CMMC is an acronym that most companies that work for the U.S. Department of Defense have become familiar with. The Cybersecurity Maturity Model Certification, or CMMC for short, is a set of standards issued by the DoD to help defense contractors in the Defense Industrial Base (DIB) improve their cybersecurity capabilities. All contractors
Rapid changes in the cybersecurity landscape have led to rising pressure on agencies to improve their protection of federal data. Government contractors are especially vulnerable to cyberattacks as hackers target these firms to create widespread disruption across the United States. Following several cyber incidents targeting critical infrastructure that led to a shutdown of a key
Many organizations rely on interim executives to help them navigate a period of transition or change, and fill a temporary gap in the organizational structure. In an age where business and technology are intertwined, no organization should be without a chief information officer (CIO) for too long, nor should they rush the hiring process. The
Mergers and acquisition (M&A) activity in the banking industry hit a record high in 2020 with over 1,300 successful deals, according to data from Finaria. This number exceeds the combined total of M&A deals made in 2018 and 2019. The merger process can be complex and there are many important aspects to consider, such as
