• Fortifying Financial Fortunes – Cyber Risk in the Banking Industry

    Fortifying Financial Fortunes – Cyber Risk in the Banking Industry

    In March 1831, James Honeyman and William J. Murray used forged keys to enter the City Bank of New York, emptying the vault of more than $245,000 in bank money. Boy, how times have changed! In the digital age, criminals don’t need to risk their safety by physically entering a bank. Why would they when…

  • How to Prepare for a Successful Cybersecurity Audit

    How to Prepare for a Successful Cybersecurity Audit

    The Dodd-Frank Wall Street Reform and Consumer Protection Act enacted in 2010 required the U.S. Federal Reserve to conduct annual stress tests for banks with a minimum amount of assets. C-suite leadership of these banks take these stress audits very seriously and devote ample resources and efforts to prepare for these reviews. This includes their…

  • Navigating Cybersecurity Compliance Challenges

    Navigating Cybersecurity Compliance Challenges

    Over the past few decades, the business world shifted from filing cabinets overflowing with paperwork to a cloud-first approach where pen and paper are obsolete. Today we live in an almost limitless digital world that has afforded well-intentioned businesses with uncountable advantages. However, as our reliance on technology has grown, so too has the threat…

  • The Importance of Cybersecurity Auditing: Ensuring Compliance and Business Success

    The Importance of Cybersecurity Auditing: Ensuring Compliance and Business Success

    The notion of being audited is often associated with negative connotations. It can even be a little scary. Let’s face it, no one wants to get a letter from their country’s tax enforcement division that they are being audited. Whenever there is some type of governmental scandal, the first course of action is to conduct…

  • Building A Cybersecurity Compliance Program

    Building A Cybersecurity Compliance Program

    As if IT managers and CIOs didn’t have enough on their plates already, many are finding themselves with another heaping scoop of responsibility to manage: compliance. Various regulatory bodies set compliance requirements, which differ from country to country or even state to state in the US. For a company to be compliant, it must meet…

  • What Is the NIS 2 Directive and How Does It Affect You?

    What Is the NIS 2 Directive and How Does It Affect You?

    The NIS Directive was adopted in July 2015 and implemented in the European Union on May 9, 2018. The directive published a series of cybersecurity requirements for operators of essential services and digital service providers. The aim was to enhance the security and resilience of critical infrastructure and services by enforcing a high common level…

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