Ransomware Risk

Collected Thoughts: Ransomware Risk

by Charlie Miller | July 30, 2021 | Cyber Risk, Cybersecurity, Data & Cybersecurity, Data Breach

This month, several Shared Assessments Industry Strategy and Working Groups came together in a cross vertical meeting, Ransomware: It Takes An Organization, to address ransomware threats.   Sophisticated ransomware attacks are being used with adjusted methods to strike supply chains and m ....

Big Data

Doing the Right Thing Reduces Data Breach Cost

by Sabine Zimmer | June 9, 2021 | Corporate Culture, Data & Cybersecurity, Data Breach

Forbes states firms spend $36 billion collecting, storing, and analyzing large amounts of customer data annually. These voluminous, valuable datasets give companies an insightful edge, but can also cause costly headaches when “big data” is breached.   Ponemon Institute’s comprehensi ....

aerospace

Ransomware Brings Turbulence To The Aerospace Sector

by Sabine Zimmer | March 5, 2020 | Data & Cybersecurity, Data Breach

February’s cyberattack on aerospace precision parts manufacturer Visser Precision in Denver, Colorado brings about new pressures on the supply chain brought on by DoppelPaymer ransomware.   Rather than encrypting a victim organization’s data and demanding a ransom to unlock the stolen dat ....

clock

The Clock is Ticking …It’s Time to Focus on Maturing Vendor Risk Management Programs

by Sabine Zimmer | September 19, 2018 | Data & Cybersecurity, Data Breach, Public Policy, Regulations, Third Party Risk Management, Tools & Templates, Vendor Risk Management Maturity Model (VRMMM)

Tick Tock. It’s that time of year again. Summer’s heat waves are retreating, school is in session, and budget planning is well underway for 2019 and beyond. Each year organizations typically take focused time during Q3/Q4 to evaluate their strategic plans; monitor the evolving risk environment; ....

membership Bucket Image

The Fraud Implications of Weak Third Party Risk Management

by Sabine Zimmer | March 19, 2018 | Data & Cybersecurity, Data Breach, Fraud, Payments, Third Party Risk Management

By Bob Jones, Senior Advisor, The Santa Fe Group   There are three different aspects of fraud that are relevant to third parties. The first is defalcations by the third party’s employees exploiting inadequate internal controls.  The second is fraud perpetrated by the principals of the ....

It’s a New Day for Payment Card Fraud Liability

January 4, 2016 | Data Breach, Fraud, Payments

According to the global 2015 Cost of Data Breach Study by the Ponemon Institute, the average total cost of a data breach for the participating companies increased 23 percent over the past two years to $3.79 million. Now breach costs are likely to rise further as banks and payment processors shi ....

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