How likely is it that your financial institution will experience a data breach in the near future? Can you even be certain that you haven’t already experienced a data breach? Most importantly, do you know how you would respond if you discovered that a breach had occurred? A breach assessment can help you answer these questions. What you discover
Service organization reports (SOC) are vital to businesses. These internal reports let organizations know about the risks associated with outsourced services. They help to establish regulatory compliance and are an extremely important part of any cybersecurity audit. Organizations use SOC reporting to reveal vulnerabilities in their current
It's natural for an organization to plan for success. However, that success could all be for nothing if you don't also plan for worst-case scenarios, especially breaches to your information technology systems. Continuity of operations and disaster recovery plans are essential for taking proactive action against the very real threats to data
In September, Yahoo became the latest company to admit it had a serious data breach. A suspected state-sponsored hacker had compromised the user data, which included security question answers, passwords, phone numbers and birth dates, of 500 million accounts. Many Yahoo users also trusted the company with their bank account and credit card
If you don't know much about the world of cybersecurity, some of the terms professionals use may seem a bit opaque. Many people don't know what vulnerability assessments or penetration tests are, and they may conflate them. A vulnerability assessment is a scan of your network that detects security vulnerabilities, while a penetration test
If you blinked, you might have missed it. Nestled back in September's headlines, there was a little news item that indicates how much the world has changed. In the face of new cyber threats, the U.S. government took an important first step toward getting hacking under control: they announced that Gregory Touhill, a retired Air Force
In June 2016, the Financial Accounting Standards Board (FASB) issued an Accounting Standards Update designed to give investors and other financial statement users more timely information about credit losses on loans.
Under the Accounting Standards Update (ASU), all banks and financial institutions that issue loans or lines of credit must now