Articles of interest from the week of November 18, 2019

Why Cyber-Risk Is a C-Suite Issue

Organizations realize the scale of cyber-risk but lack counter-actions to build resilience. (By Marc Wilczek, DarkReading) Ingalls: Firewalls, anti-virus, and other cybersecurity controls are simply not enough to protect your business anymore. Today's threat landscape requires a more comprehensive approach. Take a look at our 8-point guide for tips on how to develop a cybersecurity risk management plan.

New Ransomware-as-a-Service Offered at Deep Discount: Report

Creators of 'Buran' Ask for Smaller Percentage of Ransoms Collected. Ingalls: Ransomware has become a serious threat to businesses of all sizes and industries, and traditional security practices are no longer strong enough to protect your business: early detection and response is key. Are you prepared to defend against ransomware?

Compliance Mandates, Cybersecurity Best Practices Dominate 2019 Security Priorities

IDG's Security Priorities Study shows most organizations' security efforts are driven by compliance requirements and efforts to improve security best practices. Ingalls: Blending your business needs with compliance and risk management policies can be tricky. Our three step approach, based on expert understanding of the security your business needs, ensures you meet all corporate compliance requirements when it comes to risk management. Read more about our governance risk and compliance services here.

The Financial Industry just Finished its Annual ‘Doomsday’ Cybersecurity Exercise — Here’s What They Imagined Would Happen

The Securities Industry and Financial Markets Association holds the fifth in a series of exercises meant to simulate a catastrophic cybersecurity event in the banking sector, known as “Quantum Dawn.” The exercise is an important yearly insight into what the financial services industry views as the most contemporary doomsday scenario and how major players are preparing for it. This year, in its first-ever global event, the industry focuses on a fictional, widespread ransomware attack that takes out large financial institutions in Asia, the U.S. and U.K. (By Kate Fazzini, CNBC) Ingalls: Security risk and assessment is a vital first step when it comes to developing a cybersecurity plan for your business. In order to understand vulnerabilities and threats, you need to know your  IT environment and infrastructure. This information allows us to create a personalized set of security controls specifically designed to mitigate risks at your business.