The Financial industry is becoming a hot target for hackers and ransomware, and it’s no surprise — the industry does deal with money, after all. The sector is 300 times more likely to experience a cyberattack than any other industry, and the industry is absorbing the highest cost with an average of $18.3 million lost per cyberattack.  But it’s not just the Scrooge McDuck-style pools of coins and cash that cause hackers to turn their eyes to financial institutions. It’s the access. The industry has a vast amount of internal users that can quickly turn into insider threats. 

For a healthcare organization, monitoring access is critical, but that monitoring extends beyond just EMR data — to drug diversion. Drug diversion refers to the illegal distribution of prescription drugs, specifically referring to illegal distribution or abuse by medical professionals. According to the U.S. Department of Justice National Drug Intelligence Center (NDIC), the estimated cost of diversion to public and private medical insurers is more than $72 billion per year.

As Imprivata strengthens its portfolio with SecureLink, the Securelink Enterprise Access platform will now seamlessly integrate into Imprivata's PAM solution. This software collaboration now allows enterprise organizations to secure and efficiently manage all privileged access to critical assets. That’s a capability all organizations need to stay secure.

The Works, which sells books, toys, and other objects, has 520 stores across the UK. Recently, many of those locations had to temporarily close after a major cyberattack on the retailer. This kind of cybersecurity incident is becoming more and more common across the globe as cyberattacks soar and industries like retail find themselves digitizing faster than their cybersecurity architecture can keep up.

No attack vector is new. Ransomware, remote access breaches, phishing and other forms of cyber-espionage have been around for decades, yet we’re constantly coming up with new ways to solve them. Technology has evolved to meet the growing need to protect critical access points and assets from cyber-threats, but vulnerabilities are inherent.

The word is already making the rounds in analyst meetings, white papers, and slide decks: cybersecurity mesh. Is it new software? Or a new attack vector? Or something else entirely? The fact is that cybersecurity mesh architecture is a concept all organizations need to be paying attention to and utilizing in their own cybersecurity strategies.

There’s plenty of money in casinos, and we’re not talking about the coins rattling around in slot machines. Tribal casinos are becoming a new target for ransomware attacks, with bad actors holding systems for ransom and making away with some serious dough.

The supply chain is changing. Like many industries — retail, critical infrastructure, healthcare — what was once analog is now digital, and the digital supply chain transformation carries with it new, unimagined risks. 

Compliance is critical for many organizations. It not only keeps an organization’s valuable data safe, it also protects against fines, lawsuits, and general mismanagement of data. While it varies based on the industry and size of the organization, the cost of non-compliance can be staggering.

Just one weak link in your supply chain could lead to a potential security disaster. A third-party data breach could cause your organization financial loss, regulatory issues, and damage to your reputation. Here's three easy steps you can take to reduce your third-party vendor risks.