Many companies are being driven and required to meet growing compliance standards such as SOC 2, ISO 27001, and others. While these standards can be overwhelming for businesses that don’t have the resources, they also signal a recognition of the fact that our digital world is so interconnected that a vulnerability at one company affects all of its partners as well.
Cybersecurity experts have long warned of attacks on small municipal systems. Until hackers accessed the water treatment plant of a small Florida city this year, those warnings were “out of sight, out of mind.” Now, both local and national authorities’ perspectives on the dangers of cybersecurity attacks are changing.
We’ve all heard the warnings, “it’s not a matter of IF you’ll suffer a cyberattack, it’s WHEN.” Yet according to one study, more than 77% of organizations have no incident response plan. Hard to believe when you consider that attacks can cost businesses millions of dollars. What’s worse, 60% of those attacked go out of business within six months of being victimized.
Most organizations have a patchwork of cybersecurity and compliance functions across multiple vendors, departments, or even divisions. This approach results in duplicative efforts,...