The average $5 billion company incurs delays of roughly 5 weeks per year in new product launches due to missed risks, with a $99 million opportunity cost, according to Gartner. Opportunity costs from missing risks A survey of more than 382 strategic initiative leaders quantified the cost of missing risks in strategic initiatives. For an…

Even before lockdowns, there was a steady migration toward more flexible workforce arrangements. Given the new normal of so many more people working from home—on top of a pile of evidence showing that productivity and quality of life typically go up with remote work—it is inevitable that many more companies will continue to offer those…

A desire to remain compliant with the European Union’s General Data Protection Regulation (GDPR) and other privacy laws has made HR leaders wary of any new technology that digs too deeply into employee emails. This is understandable, as GDPR non-compliance pay lead to stiff penalties. At the same time, new technologies are applying artificial intelligence…

The rapid increase in cyberattacks and pressures escalating from changes prompted by COVID-19 have shifted consumer behavior. The findings of a report by the World Economic Forum outline core cybersecurity principles and point to how companies and investors must significantly reduce cyber risk to remain competitive. “There is a serious imbalance between the “time to…

As governments begin lifting emergency orders, company leaders are considering policies, technology and processes that will protect their workforces. Many of these factors rightly center around health and safety, but we must also acknowledge that all of us are still targets for cyberattacks. The new work-from-home world has poked countless holes in security perimeters, so…

Credit card details, online banking logins, and social media credentials are available on the dark web at worryingly low prices, according to Privacy Affairs. Online banking logins cost an average of $35 Full credit card details including associated data cost $12-20 A full range of documents and account details allowing identity theft can be obtained…

How the pandemic affected DDoS attack patterns, global internet traffic

There has been a shift in internet traffic patterns coinciding with an increase in DDoS and other types of network attacks in recent months as organizations across industries quickly transitioned to remote workforces and individuals under stay-at-home orders began relying on the internet more heavily, according to Neustar. Growing reliance on the internet The pandemic…

Because IT security and the C-suite are misaligned, digital transformation increases cyber risk

While digital transformation is understood to be critical, its rapid adoption, as seen with cloud providers, IoT and shadow IT, is creating significant cyber risk for most organizations. Today, these vulnerabilities are only exacerbated by misalignment between IT security professionals and the C-suite. The research by CyberGRX and Ponemon Institute surveyed 900 IT security professionals…

As millions of employees continue to work from home for the foreseeable future and in some cases perhaps indefinitely, balancing the ongoing demands of employee productivity and information security will be paramount. The historical “castle and moat” model of protecting IT infrastructure is outdated and will be further challenged by the emergence of a new…