Why Cybersecurity Is the New Priority for CFOs
Cybersecurity is top of mind for nearly every business. What often gets overlooked is that taking action is not what's actually important when it comes to it. Every company hit with a data breach or large-scale attack likely had some security in place. Rather, the important thing is taking cohesive action.
What Could New SEC Rules Mean for Your Cybersecurity Strategy
Cybersecurity and transparency are not new problems. However, the SEC and others are increasingly treating these issues as investor concerns, which is appropriate. After all, cyberattacks and data breaches can lead to falling stock prices, causing investors to also become victims.
Could Your LinkedIn Account Threaten Your Compliance Strategy?
As the president of an email security company that's focused on archiving and compliance needs, I know it’s also critical for companies to understand LinkedIn's potential risks and looming obligations. Ever larger amounts of information are funneling into LinkedIn, and at least some falls under current or forthcoming regulations. Companies should begin managing it as such. Otherwise, something that is widely seen as an asset could unnecessarily become a liability.
Do You Know Your Risk of Cyberattack?
Business email compromise is the bane of small businesses, because these phishing scams target companies with minimal processes, protocols and protections in place -- like those too small to have extensive cybersecurity budgets. According to the FBI’s Internet Crime Complaint Center, business email compromise costs more than $675 million in damage in 2017, so the June arrests of 74 cyber criminals in the United States and abroad was a triumph for both large and small companies.
Compliance costs, in competitive context
Banking Strategies |
There’s plenty of room for financial services firms to spend more on data protection and cybersecurity. Looking at the dollars and cents reveals that the expense really represents an investment with a tremendous return. Firms need to understand this because the amount they pump into compliance is about to skyrocket.
How Fake Emails Have Become A Real Threat
Health IT Outcomes |
Today’s impersonation-based attacks are highly sophisticated and extremely convincing. The emails come from what appear to be real people (or companies) you know and trust. The details are stunning, and the messages seem legitimate, largely because hackers have scoured the internet to learn specific details about you, the people in your circle, your job, and so much more. Scraps of personal information gleaned from online company bios, Twitter pages, and LinkedIn profiles are all a hacker really needs in order to spoof you.
Keys to Sound Investment for Financial Compliance Needs
International Banker |
Financial data is highly vulnerable and subject to sweeping data protections as a result. As more business tools become available, the costs rise. Rather than increasing investment in compliance, some companies forgo using new business tools. While that may ease costs and save time, it jeopardizes opportunities to grow the business and opens a competitive edge to other firms in the market. It also leaves the business exposed if employees take risks and work around restrictions. Users might be happier in the short term, but data and compliance are vulnerable in the long term.
Five Ways to Improve Compliance—And Not Feel Overwhelmed
Compliance is a constant struggle in the financial services sector. As soon as one audit is done another arises, locking brokers into an endless effort with hefty consequences for failure. And that effort evolves and expands with new communication tools.
Regulators Signal That New Data Archiving Rules Are Coming
Cybersecurity concerns are driving an evolution of financial regulations. Financial Industry Regulatory Authority CEO Robert Cook recently elaborated on what that evolution might look like. He believes self-regulators will need to be more vigilant about maintaining the client’s best interests, abiding by fiduciary requirements, and articulating customer relationships. To a certain extent, each of those issues is tied to cybersecurity.
5 ways smaller healthcare organizations can bolster security
Health Data Management |
The mergers and acquisition market is heating up in healthcare, both in the number and size of deals. As of late September 2017, there had been at least 561 hospital mergers since 2010, and four of the biggest last year involved entities with revenue of more than $1 billion. As the healthcare landscape continues to transform, M&A is likely to become a common occurrence and a ubiquitous strategy for smaller organizations.