The recent data breach that exposed information on 2.6 million customers of Bangalore-based Jana Small Finance Bank points to the need for banks to ramp up their vendor risk management efforts, security analysts say.
Choice Hotels says about 700,000 guest records were exposed after one of its vendors copied data from its systems. Fraudsters discovered the unsecured database and tried to hold the hotel chain to ransom, which it ignored.
Independent research revealed that while 60% of firms have formal third party risk policies, nearly half have experienced a significant breach caused by a vendor. Why? Executives don't make vendor risk a priority or are too trusting. Learn from 600 IT and security leaders about top concerns around supply chain and...
Organizations going through a digital transformation need to make sure they develop a sound third-party risk management strategy, says RSA's Holly Rollo, who discusses best practices.
The U.S. Department of Defense has purchased IT gear known to have significant cybersecurity vulnerabilities, according to a new inspector general audit, which also highlights concerns about the use of equipment manufactured in China.
The cause of Capital One's breach is known. But experts say the incident still raises questions over why Capital One held onto personal data so long and if the bank was adequately monitoring administrator accounts.
When it comes to supply chain risk, many organizations overlook how dependent they are on those critical relationships, says Matt Kraning of Expanse. As a result, they are minimizing serious security vulnerabilities. Kraning offers insights on re-thinking that dynamic.
"Key, critical company operations materially...
The Capital One data breach is in early stages of remediation. Art Coviello, former chair of RSA, which was breached in 2011, shares first-hand insight on steps the breached institution and its CEO should be taking now.
When leveraging AI and machine learning to drive banking innovations, it is essential to take a structured approach in implementing security-by-design for conducting proper risk assessment of the organizations and people involved, says Sameer Ratolikar, CISO, HDFC Bank
An important component of managing third-party risks is monitoring the security technologies that vendor partners use, says Prakash Kumar Ranjan, IT security manager at CNH Industrial, a Netherlands-based capital goods firm.
A powerful parliamentary committee has called on Britain's new prime minister - be it Boris Johnson or Jeremy Hunt - to make a decision "as a matter of priority" about the extent to which telecommunications gear built by Huawei should be used in the nation's 5G network.
After recently issuing interim cybersecurity guidelines for private enterprises, Singapore has issued similar guidance for public sector agencies and departments in an effort to enhance data security in light of recent data breaches in the nation.
When it comes to supply chain risk, many organizations overlook how dependent they are on those critical relationships, says Matt Kraning of Expanse. As a result, they are minimizing serious security vulnerabilities. Kraning offers insights on re-thinking that dynamic.
After a long privacy investigation, the U.S. Federal Trade Commission voted to levy a $5 billion fine against Facebook, according to the Washington Post and the Wall Street Journal.
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