The year 2021 saw ransomware attacks rising by a jaw-dropping 92%. And 22 billion records were exposed across 4,145 publicly disclosed attacks. Considering that a breach will cost companies an average of $4.5 million, the need for cyber insurance has never been so high. But what is cyber insurance exactly, and is it right for […]
In September 2022, an 18-year-old hacker leveraged sophisticated social engineering techniques to smash into Uber’s network. Once inside, the hacker rummaged through a file share and found privileged credentials that gave access to enormous swathes of Uber’s source code and corporate cloud platforms. Luckily, no trip data was taken, according to Uber. But trusting luck […]
As organizations mature, they are exposed to ever-increasing internal and external risks. Internally, from the danger of executing projects with the same entrenched and unsecured processes. Externally, from the threat of cyberattacks that take advantage of any chink in the security armor. Few initiatives sit at the intersection of these concerns as the creation of […]
“A lock only keeps honest people out.” With the current cybersecurity threat landscape, SMEs need to secure their organization to lower their exposure to risk. While there are a lot of tools available that are designed to mitigate or prevent threats, employing the proper framework and approach that aligns with your cybersecurity goals will make […]
Why oh why is cybersecurity so complex? I was at an event recently and the keynote speaker talked about how security is unique in its incredibly minimal consolidation. In the cloud, you have arguably three major players (Amazon, Microsoft, and Google). In mobile phones a few. In almost any area of life, consolidation happens (auto’s […]
Software vulnerabilities are a fact of life with more identified every day. In 2021, 28,695 new vulnerabilities were discovered in production software. These vulnerabilities can potentially create a backdoor to companies, letting attackers come in and out as they please. However, some vulnerabilities are significantly more dangerous than others with widespread impact. Many of these […]
Risk management is a core part of any organization’s business processes. Without the ability to manage risk, an unforeseen event could put the company out of business. Effective and comprehensive risk management requires an understanding of what can go wrong, how to minimize the probability of a risk event occurring, and how to recover if […]
SMEs have little wiggle room regarding cybersecurity. Smaller budgets and fewer dedicated security resources mean that cyberattack attempts are more likely to penetrate an SME’s defenses than those of a larger company. Forty-three percent of all cyberattacks are aimed directly at small to medium businesses, and only 14% of SMEs are ready to defend against […]
Risk management is an important part of the investors’ job. If a business they capitalize suffers significant losses due to various risks, the value of that business decreases, and the investors lose money. Investors must consider a variety of different potential risks to organizations they are considering as targets. Before committing funds, they’ll need to […]
Venture Capital (VC) and Private Equity (PE) firms take on a lot of risk when investing in a new startup or operating business. Although it is vital to perform all necessary due diligence on any new investment, VC/PE firms shouldn’t ignore their own risk. Rather, they need to take a hard look at their own […]
Yes, small to mid-sized enterprises (SMEs) continue to prove a fruitful target for cybercriminals. The Allianz Risk Barometer reported that cyber risks are the largest concern for companies globally in 2022. And the number of cyberattack attempts per week reached an all-time high in Q4 of 2021. Many hacking attempts — such as spam containing […]
When it comes to cybersecurity risk – it’s not just devices and networks that are susceptible to attacks. Employees are a prime target for threat actors. Research suggests that employees of small businesses will be hit with a 350% higher level of social engineering attacks than those who work in large businesses. Companies with a […]
If there’s one thing we can definitely say about the post-2020 era is that we’re all more open to “going digital.” This comes with its own advantages and disadvantages. We are more open to remote work, and have access to more opportunities than ever, but we’re also more likely to become victims of cybercrime too. […]
Top 3 Reasons Cyber Insurance Policies Make Sense for SMEs Threat actors don’t discriminate and often leverage advanced attacks that are deployed continuously, ready to hit companies that may not have the resources, technology, or awareness to properly defend themselves. This often results in SMEs taking the brunt of these attacks. As a result, almost […]
The importance of a curated stack, as told by a novice cyclist Around the start of Summer 2020 I began thinking: I really need to get outside more. This probably sounds familiar to anyone who was trying to make the best of a bad situation in 2020. I was already acclimated to a work-from-home situation, […]
As public clouds supersede the datacenter for our customers, it’s not enough to represent just one facet of a general trend toward the dissolution of traditional perimeters. This trend requires a novel and comprehensive suite of controls around identity, configuration management, and endpoints, which represent the new attack surface. Ermetic provides crucial analysis of these […]
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