Creating a well-functioning vendor risk management (VRM) system can be a formidable task to undertake. This is due to the delicate nature of the job at hand, which requires the system to collect information about all of the vendors in one convenient place and categorize them according to their riskiness and then decide whether to remediate or terminate these contracts. Despite this challenge, … [Read more...] about The Benefits of Having a VRM System
Cyber security tips
Cybersecurity experts have reason to believe that next-generation quantum computers will have the processing power needed to break classic encryption, the process used to encode and protect the confidential information of a company. The repercussions, if this turns out to be accurate, would be severe for modern technology users as should encryption algorithms be bypassed, it would allow … [Read more...] about The Future of Quantum Computers
Cybercrime has seen a widespread increase during the COVID-19 era due to organizations and citizens being vulnerable to attacks because of the panic and uncertainty brought on by the pandemic. This spells trouble as Insurance company Hiscox reported that insured cyber losses for organizations amounted to around $1.8 billion in 2019, a 50% increase from 2018. With a probable rise in cyberattacks … [Read more...] about Can We Rely On Cyber Insurance?
Social media in the workplace has evolved from being something that was thought of as a waste of time to something which is now generally acceptable to look at from time to time, especially while taking breaks. Despite its widespread acceptance, there are plenty of cybersecurity concerns that come along with social media. The prime example is that of the professional networking site … [Read more...] about Cybersecurity: Tips for Workplace Social Media Hygiene
It is a well-known fact that the COVID-19 pandemic has caused an increase in cybersecurity threats faced by organizations. The necessity of shifting all operations from physical to online modes, as well as the aura of uncertainty and chaos, has allowed cybercriminals to have a field day in carrying out their notorious affairs. A report published by the UK government's Department for … [Read more...] about Reasons Why Businesses Must Take Cybersecurity Seriously Than Ever