Organizations need to evolve their thinking around cybersecurity to stay ahead of these changing threats. A holistic approach that effectively builds security into all infrastructure and processes from the ground up is cost-effective and necessary to safeguard valuable employee and customer data. This requires an overall shift in philosophy – and adopting the concept of security by design is a key first step. 

The vast majority of organizations (94 percent) have experienced a business-impacting cyberattack in the past 12 months, according to both business and security executives.

A new Arkose Labs study revealed that in the first half of 2020, there were more than 1.1 billion online fraud attacks, double the attack volume compared to the second half of 2019 and a 25 percent attack rate increase across all transactions. 

​Canon has suffered a ransomware attack that impacts numerous services, including Canon's email, Microsoft Teams, USA website, and other internal applications.

The Cybersecurity and Infrastructure Security Agency (CISA) released core guidance documentation for the Trusted Internet Connections (TIC) program, developed to assist agencies in protecting modern information technology architectures and services.

Security fears linger around the wildly popular, Chinese-owned social media platform TikTok, and discussions are in the works for the platform to potentially be acquired by Microsoft. Should users be concerned in the interim? Will a change of ownership to a U.S.-based company allay security and privacy fears?

In 2019, 396 natural disasters were recorded in EM-DAT with 11,755 deaths, 95 million people affected and $103 billion in economic losses across the world, according to Natural Disasters 2019, a new report by the Centre for Research on the Epidemiology of Disasters, The Université Catholique de Louvain  and the U.S. Agency for International Development (USAID). 

The Cybersecurity and Infrastructure Security Agency (CISA) released the Guide to Vulnerability Reporting for America’s Election Administrators. The guide walks election officials through the steps of establishing a vulnerability disclosure program.

The vast majority (80 percent) of internal auditors are facing barriers to being involved in managing fraud risk, despite almost two thirds (62 percent) saying they had seen an increase in fraud incidents over the past five years, according to a new report by Kroll, The Institute of Internal Auditors (IIA) and Internal Audit Foundation.

Eric Holmquist joined Customers Bank as Executive Vice President and Chief Risk Officer. Holmquist has more than thirty-five years of financial industry expertise, spanning enterprise risk management, executive reporting, information management programs, and is skilled in creating operational efficiency and risk alignment.