A cyberattack leads to compromise of sensitive data, service disruption and financial losses. Analyzing the causes of past cyber incidents in 2023 and identifying vulnerabilities will save companies.
Contents
1. Looking Back at 2023’s Major Cyber Incidents
2. 2023 Cyber Incidents : The Learning Curve
3. Costly Mistakes Smart CISOs are Avoiding
4. Beyond the Cyber Horizon: The 2023 Aftermath
The year 2023 was a rollercoaster ride in the field of cybersecurity. High-profile ransomware attacks and data breaches left indelible marks, reminding us of the expanding threat surface. A staggering
8.2 billion records were breached, underscoring the importance of robust cybersecurity measures.
1. Looking Back at 2023’s Major Cyber Incidents
From the crippling ransomware attack on The Guardian to the unique case of Toronto SickKids, where the ransomware provider publicly apologized, raising
questions about cyber ethics. Each incident served as a stark reminder of the increasing threat landscape. The year 2023 also witnessed the shocking breach of the World Bank’s database, leading to a global outcry for stronger data protection measures. In another incident, the renowned e-commerce giant, Amazon, fell victim to a sophisticated phishing attack, causing a temporary disruption in its services. In a surprising turn of events, 2023 also saw an unprecedented cyberattack on the global social media platform Facebook, affecting millions of users worldwide. This was closely followed by a massive data breach at LinkedIn, exposing sensitive user data and shaking the trust of its user base.
These incidents from 2023 are not just statistics, but lessons for shaping future cybersecurity strategies. They serve as a wake-up call, emphasizing the critical need for stringent data privacy laws and advanced security protocols. These cyberattacks should be viewed as catalysts for change, prompting us to rethink our approach to cybersecurity and data privacy. Let’s reflect on these cyber incidents as lessons of awareness that fortify defenses and shape strategies for a secure future.
2. 2023 Cyber Incidents : The Learning Curve
The year 2023 was marked by several high-profile cyber incidents that affected various sectors and regions, exposing the vulnerabilities of critical infrastructure, sensitive data, and public services. These cyber incidents revealed the importance of implementing advanced threat detection systems, maintaining up-to-date security patches, and fostering a culture of cybersecurity awareness among all employees. They also highlighted the role of international collaboration in mitigating cyber threats.
To prevent similar cyber incidents in the future, organizations should adopt the following cybersecurity best practices, based on the latest trends and recommendations in cybersecurity:
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Create responsive ecosystems: that improve organizational readiness. This involves applying a continuous approach to threat management and cybersecurity validation, which can help improve detection and response capabilities and build more digitally immune identity ecosystems. This will address the pain point of threat volume and complexity, as organizations can better cope with the dynamic and evolving threat landscape and reduce the impact of cyberattacks on their operations and reputation.
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Restructure approach points to solutions and greater attack coverage: This involves balancing the need for operational simplicity with other platforms and providing solutions to cover more of the expanding attack surface. This can be achieved by consolidating cybersecurity platforms, transforming security operating models, and composing security solutions as needed. This will address the pain point of a growing cybersecurity skills gap, as organizations can leverage the benefits of emerging technologies, such as quantum computing, 5G networks, and edge computing, without compromising their security posture or relying on scarce and expensive cybersecurity talent.
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Rebalance practices to focus on people, process, and technology: This involves shifting the emphasis from technology-centric to human-centric security design, enhancing people management, and increasing board oversight. This can help reduce human error, phishing, and insider threats, as well as improve employee engagement and accountability. This will thus address the pain points of the need for threat prioritization, as organizations can align their cybersecurity programs with their business objectives and risk appetite, and optimize their return on investment with the effectiveness of their cybersecurity measures.
Get into the details of the major cyber incidents in 2023 including data breaches and cyberattacks for analyzing 2023 cyber threats.
2.1 Dark Beam Cybersecurity Incident:
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Date: The incident occurred on September 18, 2023.
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Attack Type: It was a data breach.
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Execution Method: The breach happened due to an unprotected Elasticsearch and Kibana interface.
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Damage Extent: Over 3.8 billion records, including login pairs, were stolen.
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Detection Method: The breach was detected by Bob Diachenko, CEO of SecurityDiscovery.
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Immediate Measures: The vulnerability was swiftly addressed upon discovery
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Future Prevention: The incident led to the implementation of enhanced incident-finding processes, improved incident reporting mechanisms, and an increased focus on supply chain security
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Reputation Impact: The breach resulted in substantial financial losses, operational disruptions, and reputational damage
The aftermath of the Darkbeam breach is significant making it one of the major cyber incidents in 2023. The exposed data poses a threat to individuals and entities, potentially leading to impersonation and phishing attempts. Users with duplicate passwords are advised to change them.This incident underscores the critical need for robust cybersecurity measures and proactive defense strategies. It helps learn the potential risks faced by individuals and organizations.
2.2 Real Estate Wealth Network (REWN) Cybersecurity Incident:
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Date: December 2023
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Attack Type: Data breach
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Execution Method: Unprotected database
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Damage Extent: Exposure of 1.5 billion records, including data on millions of property owners, investors, sellers, and even celebrities and politicians
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Detection Method: Discovered by a cybersecurity researcher
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Immediate Measures: The exposed database has been secured
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Future Prevention: Users should be cautious when sharing personal information and understand the risks associated with semi-public data
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Reputation Impact: High, given the scale of the breach and the sensitive nature of the exposed data
The aftermath of the Real Estate Wealth Network (REWN) cybersecurity incident is substantial. The breach exposed 1.5 billion records, including real estate ownership data for millions of individuals. The leaked data, which included property history, tax records, and mortgage details, could be exploited by threat actors for social engineering and financial fraud. The database has been secured, but it's unclear if unauthorized access occurred. Property owners are advised to be cautious when sharing personal information and to understand the risks associated with semi-public data.
This incident is a reminder for organizations to prioritize the protection of sensitive data.
2.3 Indian Council of Medical Research (ICMR):
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Date: October 9, 2023
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Attack Type: Data breach
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Execution Method: The exact method is unknown. The data was found being sold on the dark web.
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Damage Extent: Personal details of over 81.5 crore citizens, including Aadhaar and passport details, names, phone numbers, and addresses, were exposed.
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Detection Method: The breach was discovered by the US-based cybersecurity and intelligence firm Resecurity.
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Immediate Measures: The breach was reported, but specific immediate measures taken are not mentioned.
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Legal Implications: Four people were arrested in connection with the data leak.
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Reputation Impact: This incident could potentially harm the reputation of ICMR, given the scale of the breach.
The breach has raised serious concerns about data protection practices, and individuals are advised to be cautious when sharing personal information.
2.4 KidSecurity Incident:
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Date: September 16, 2023
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Attack Type: Data breach
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Execution Method: Misconfigured Elasticsearch and Logstash instances
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Damage Extent: Over 300 million records were exposed, including 21,000 telephone numbers and 31,000 email addresses.
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Detection Method: Discovered by researchers
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Future Prevention: Proper configuration of Elasticsearch and Logstash instances
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Reputation Impact: Significant, as it exposed sensitive user data
There are indications that unknown threat actors compromised the leaked data. This cyber incident in 2023, represents a severe breach of privacy and security for the affected users. This incident underscores the importance of proper configuration and security measures in protecting user data. It serves as a stark reminder of the potential risks posed by data breaches, especially when sensitive information is involved.
Users are advised to be cautious when sharing personal information.
2.5 Twitter (X) Incident:
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Date: January 8, 2024
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Attack Type: Account hijacking
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Execution Method: The perpetrators compromised the admin's phone number, cloned the SIM card, and reset the account password.
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Damage Extent: The threat actors promoted exchange-traded funds (ETFs) using Bitcoin transactions. The impact was immediate, with BTC prices skyrocketing from $39,000 to $48,000 per bitcoin, only to plummet back to $38,000 in the following days.
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Detection Method: Discovered by researchers
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Future Prevention: Implementation of 2-factor authentication to bolster defenses
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Reputation Impact: Significant, as it exposed sensitive user data
This is one of the top cybersecurity data breaches in 2023 that led to a significant drop in user engagement and a rise in AI-generated spam content. The platform, which was rebranded as X after its acquisition by Elon Musk, faced a severe blow to its reputation. The incident has raised serious concerns about data protection practices on the platform.
Users are advised to be cautious when sharing personal information.
2.6 TuneFab Cybersecurity Incident in 2023:
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Date: The incident was publicly disclosed in December 2023.
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Attack Type: This was a data breach.
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Execution Method: The breach occurred due to a MongoDB misconfiguration.
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Damage Extent: Over 151 million records and 280GB of data were exposed.
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Detection Method:The security researcher Bob Diachenko identified the leak and contacted TuneFab, which fixed the misconfiguration within 24 hours.
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Notification Delay: The database was left with user data publicly accessible for roughly twenty-four hours.
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Reputation Impact: The incident could potentially aid threat actors in enhancing previously leaked data.
Users of TuneFab are advised to be cautious when sharing personal information.
2.7 Dori Media Group Cyber Incident 2023:
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Date: December 2023
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Attack Type: Data exfiltration
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Damage Extent: More than 100 TB of data was allegedly exfiltrated.
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Reputation Impact: The incident has been publicly reported, which could potentially impact the company's reputation.
The MalekTeam Group hackers claimed to have destroyed more than 100 TB of data from Dori Media Group, an international group of media companies located in Israel, Switzerland, Argentina, Spain, and Singapore. The hackers threatened to leak the exfiltrated data. This incident represents a serious breach of privacy and security for the affected users.
Users are advised to be cautious when sharing personal information.
2.8 Tigo Telecoms Cyber Incident in 2023:
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Date: July 2023
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Attack Type: Data leak
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Damage Extent: Over 700,000 individuals were affected. Leaked information included names, usernames, genders, email addresses, IP addresses, user uploaded photos, and private messages.
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Detection Method: The incident was made public by Troy Hunt, who runs the site Have I Been Pwned.
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Notification Delay: Multiple unsuccessful attempts were made to contact Tigo about the breach before it was made public.
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Reputation Impact: Tigo has previously faced scrutiny over its data privacy practices.
This is one of the notable cyberattacks in 2023 underscoring the importance of robust cybersecurity measures and the potential impact of data leaks on both individuals and organizations. It serves as a reminder that cybersecurity is not just about protecting systems, but also about safeguarding sensitive user data.
2.9 Cybersecurity Incident at SAP SE Bulgaria in 2023:
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Date: November 2023
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Attack Type: Data Exfiltration
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Execution Method: Exposure of Kubernetes Secrets in public GitHub repositories
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Damage Extent: Access to 95,592,696 artefacts with sensitive information like passwords, tokens or keys
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Detection Method: Discovered by researchers from Aqua Nautilus
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Future Prevention: Secure handling and storage of sensitive data like passwords, tokens, or keys
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Legal Implications: Potential GDPR violations due to data breaches
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Reputation Impact: Significant, as it affected a multinational software company
The issue was promptly remediated after the researchers notified SAP SE. However, the incident has raised serious concerns about data protection practices.
Users are advised to be cautious when sharing personal information.
2.10 Luxottica Group Cyber Incident in 2023:
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Date: The data was leaked on hacking forums on April 30 and May 12, 2023.
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Attack Type: Data breach.
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Execution Method: The breach occurred at an unnamed third-party data storage provider.
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Damage Extent: The personal information of over 70 million customers was exposed.
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Detection Method: Luxottica discovered the breach through proactive monitoring procedures.
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Immediate Measures: Luxottica reported the incident to the FBI and the Italian Police.
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Future Prevention: Luxottica remains confident that its systems were not breached and its network remains secure.
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User Protection: The data did not include individuals’ financial information, social security numbers, login or password data.
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Legal Implications: The FBI has detained the website’s owner as a result of the data posting.
The stolen database was leaked on various hacking forums, making the data far more accessible to threat actors. The incident has raised serious concerns about data protection practices. Luxottica has confirmed the breach and is conducting an ongoing investigation.
It is recommended that individuals exercise caution when disclosing their personal information.
3. Costly Mistakes Smart CISOs are Avoiding
In the face of escalating cyber threats, savvy Chief Information Security Officers (CISOs) are avoiding costly mistakes and bolstering their defenses. They're no longer overlooking basic security measures, recognizing that even simple lapses can open doors to attackers. They're also addressing the often underestimated risk of insider threats, acknowledging that threats can come from within as well as from external sources.
Investment in staff training has become a priority. CISOs understand that a well-trained workforce is a key line of defense and are ensuring their teams are equipped with the knowledge and skills to identify and counteract threats.
Promoting a security-first mindset has become integral to their strategy. This involves fostering a culture where every team member understands their role in maintaining security and is vigilant about potential threats.
Employing multi-factor authentication (MFA) is another tactic being widely adopted. MFA adds an extra layer of security, making it harder for unauthorized users to gain access.
Finally, they're harnessing the power of artificial intelligence (AI) for threat detection. AI and machine learning algorithms can analyze vast amounts of data in real-time, identifying patterns and threats that would be impossible for humans to spot. Complying with the latest GRC laws and regulations is a must for all organizations.
By taking these steps, smart CISOs are not just reacting to cyber threats but proactively working to anticipate and prevent them, thereby fortifying their organizations' defenses.
3.1 GRC Software to Consider for Smart Businesses:
A GRC software streamlines compliance, risk management, and governance processes, enhancing efficiency and ensuring regulatory adherence. With its robust features, these software empowers businesses to proactively manage risks and maintain a secure, compliant environment. Here are a few to consider:
A-LIGN is a technology-enabled security and compliance partner trusted by thousands of global organizations. Its services span across various compliance frameworks, making it a comprehensive choice for businesses seeking robust GRC solutions. Here are the key features:
a) World-class audit experience:
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A-LIGN's audit staff ensures a seamless audit process with consistent communication and support.
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Its commitment to stringent cybersecurity compliance standards results in thorough audits that customers can trust.
b) Audit management technology:
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Collaborate with auditor and team using A-LIGN's centralized platform for efficient audit management.
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Streamline communication, track progress, and centralize evidence collection with their easy-to-use audit management dashboard, A-SCEND.
c) Widest breadth of services:
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Beyond SOC 2, A-LIGN helps users tackle multiple audits in a single motion, saving time and money.
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They integrate seamlessly with leading GRC tools, allowing users to leverage technology while partnering with A-LIGN for an audit.
A-LIGN's innovative approach, combined with their expertise, ensures a seamless audit experience resulting in reports or certifications that businesses and customers can trust.
AKITRA is a cutting-edge, AI-enabled compliance automation platform designed to streamline and simplify regulatory adherence for businesses. Their comprehensive suite of tools empowers organizations to navigate various compliance frameworks seamlessly, ensuring adherence to industry standards and regulations.
Here are the key features of AKITRA:
a) PCI DSS Compliance:
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PCI DSS (Payment Card Industry Data Security Standard) was formed to safeguard sensitive cardholder data from theft and forgery.
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Organizations adhere to this framework to prevent theft and unauthorized access to sensitive cardholder data.
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Compliance with PCI DSS boosts customer trust during payment transactions and helps businesses meet legal requirements in multiple jurisdictions.
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Key requirements and objectives include maintaining secure networks and systems, protecting cardholder data, implementing strong vulnerability management, enforcing access control standards, conducting periodic network scanning and testing, and having a well-defined data protection policy.
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AKITRA offers a complete Compliance Automation Solution tailored to simplify PCI DSS compliance. Their solution includes automated scans, real-time monitoring, and simplified reporting to specify vulnerabilities, provide continuous compliance, and enhance audit readiness.
b) HIPAA Compliance Automation:
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HIPAA (Health Insurance Portability and Accountability Act) compliance is crucial for healthcare organizations.
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AKITRA accelerates HIPAA compliance using automation.
c) Features include:
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Delightful and effortless experience: AKITRA simplifies ongoing security and compliance monitoring.
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Time and cost savings: Customizable policies, 100+ integrations, and automated evidence collection reduce compliance efforts by up to 80%.
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Continuous compliance: Stay compliant 24/7 with AKITRA's Continuous Compliance Monitoring.
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Rapid compliance at a fraction of the cost: AKITRA helps organizations achieve HIPAA compliance efficiently.
d) 24/7 Availability of Experts:
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With AKITRA, organizations have round-the-clock access to knowledgeable professionals who provide guidance and address inquiries related to compliance.
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AKITRA is trusted by fast-growing SaaS companies globally, making compliance easier and more efficient.
Fidelis Security is a trusted leader in cybersecurity for enterprise and government. With over 20 years of experience, it has been protecting leading organizations worldwide. Here are some key points about Fidelis Security:
a) Proactive Cybersecurity Platforms:
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Fidelis Security provides proactive cyber defense solutions that detect post-breach attacks over 9x faster than competitors.
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It has defended 7 of the 10 largest US government agencies and 5 of the 6 branches of the US military.
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Its expertise extends to various sectors, including being the cybersecurity partner for the largest cellphone manufacturer, largest pharmacy chain, largest mobile service provider in the US, largest defense contractor, and largest pharmaceutical company globally.
b) Cloud-Scale Security and Compliance:
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In the era of digital transformation, Fidelis unifies and automates cloud computing security controls and compliance across servers, containers, and more.
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Its solutions ensure efficiency, cost savings, business agility, and innovation while maintaining robust security.
c) Fidelis Elevate:
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Fidelis Elevate is an Active XDR platform that enables proactive cyber defense across cloud environments and on-premises.
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It empowers organizations to engage adversaries earlier in the attack lifecycle, reshape the attack surface, and take control of enterprise security.
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Fidelis Security continues to innovate and provide cutting-edge solutions to combat evolving cyber threats.
Hyperproof is a cloud-based platform that helps organizations stay on top of their security assurance and compliance work on a continuous basis. It empowers compliance, risk, and security teams to scale their workflows efficiently. Here are the key features of Hyperproof:
a) Operationalizing Compliance and Risk Management:
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Hyperproof enables a user to automate workflows, prepare for audits, and mitigate risk.
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It optimizes compliance and risk management by mapping common controls to compliance requirements, automating evidence collection, mitigating issues, and monitoring compliance posture in one place.
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User can manage controls flexibly, create custom controls, and track them efficiently.
b) Risk Management:
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Hyperproof helps identify and prioritize risks, orchestrate and automate risk workflows, and create alignment between risk management and compliance activities.
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The risk register centralizes risk management, ensuring no risk is missed.
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Analyze company risks and track risk posture over time.
c) Audit Management:
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Streamline audit preparation with Hyperproof:
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Connect audit requests automatically to controls and their associated evidence.
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Collaborate with auditors in a dedicated audit space.
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Monitor audit progress using the audit dashboard.
d) Vendor Management:
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Manage vendor risk with ease using Hyperproof.
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Track vendor risk posture over time and ensure compliance.
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Hyperproof is a powerful solution for organizations aiming to efficiently manage compliance and risk across multiple frameworks, including SOC 2, ISO 27001, NIST, and PCI.
ISMS.online is an auditor-approved compliance platform that simplifies the process of achieving and maintaining compliance with various standards and regulations. Here are the key features of ISMS.online:
a) ISO 27001 Compliance and More:
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Organizations can quickly achieve and maintain compliance with ISO 27001 and over 100 other in-demand standards using ISMS.online.
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These standards include ISO 9001, SOC 2, GDPR, NIST, and more.
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Whether managing multiple standards or new to ISO 27001, ISMS.online provides a comprehensive solution.
b) Headstart Content:
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Up to 81% of the work is already completed with pre-built tools, frameworks, policies, and controls.
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This streamlined path to first-time certification saves time and avoids unnecessary complexities.
c) Assured Results Method (ARM):
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ARM simplifies the certification process by breaking it down into manageable steps, guiding users through each one.
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It's a practical, time-saving approach to certification success.
d) Integration Capabilities:
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ISMS.online seamlessly integrates with existing setups, automating tasks and reducing manual effort.
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Custom integrations can also be created using their public API.
e) Risk Management Made Easy:
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Streamlined risk management within ISMS.online helps identify, evaluate, and treat risks effectively.The platform ensures a stress-free approach to risk assessment.
f) Secure Asset Management:
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Manage all assets in a secure, shared workspace using dynamic asset management tools.
g) Supplier Management:
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ISMS.online facilitates simple, secure supplier management by integrating with supply chains.
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ISMS.online is trusted by over 1,000 companies worldwide and provides powerful features for controlling compliance across various domains.
LogicManager is an auditor-approved compliance platform that simplifies the process of achieving and maintaining compliance with various standards and regulations. Here are the key features of LogicManager:
a) Enterprise Risk Management (ERM):
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LogicManager offers a comprehensive suite of solutions to manage risk across various areas:
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IT Governance & Cybersecurity
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Third Party Risk Management
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Compliance Management
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Business Continuity Management
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Internal Audit Management
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Financial Controls
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Human Resources Risk Management
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The platform serves as a single source of truth, connecting different departments and providing analytical insights to strategically allocate resources.
b) Expert Risk Management Support:
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Customers benefit from personalized training sessions and best practice consulting services.
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LogicManager's team of expert risk management consultants helps protect and optimize businesses.
c) Corporate Governance & Board Level Reporting:
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Access to the Risk Maturity Model (RMM) facilitates corporate governance.
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The RMM provides benchmarking KPIs, actionable steps for program improvement, and reporting ready for board discussions.
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LogicManager empowers organizations to anticipate future risks, uphold their reputation, and improve business performance through strong governance in today's transparent economy.
In recent years, GRC management has shifted towards an integrated risk management approach with holistic solutions. Pirani stands out as a pioneer in this space, offering user-friendly software that is easy to use and understand. Here’s what a user needs to know:
Key features of Pirani GRC Software include:
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Centralized Platform: Pirani provides a centralized platform that integrates governance, risk, and compliance functions.
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Integrated Risk Management: Pirani’s adaptable operational risk management solution enables easy identification, measurement, control, and monitoring of operational risks.
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Security Risk Management: It helps manage security risks related to an organization’s information assets, ensuring confidentiality, integrity, and availability.
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Anti-Money Laundering Solution: Pirani assists in measuring risks associated with money laundering and terrorism financing.
Pirani offers various plans tailored to companies of different sizes and maturity levels in risk management. Its hybrid model allows companies to try it first before making a decision. With Pirani, businesses can democratize risk management, protect what matters, and ensure business continuity.
3.1.8 RiskOptics (formerly Reciprocity)
RiskOptics empowers Chief Information Security Officers (CISOs) and organizations to turn risk into a strategic business asset. Here's how:
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Unified Platform: RiskOptics unifies compliance, risk, and governance initiatives, regardless of GRC status. It simplifies and automates processes, transforming GRC from a burden to a strategic advantage.
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Contextual Risk Insight: Powered by the ZenGRC and ROAR platforms, RiskOptics provides game-changing risk insight in the context of business initiatives. It quantifies the financial impact of risk, helping users communicate effectively with key stakeholders.
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Automated Workflows: RiskOptics streamlines time-intensive processes, including evidence collection, control testing, and ticket creation. It integrates seamlessly with existing tech infrastructure (AWS, Azure, Salesforce, Jira, GitHub).
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Business Advantage: By connecting risk to business strategy, RiskOptics enables a user to make informed decisions. It turns risk into a business advantage, ensuring compliance while mitigating data breaches and system failures.
The features of Thoropass, a GRC (Governance, Risk, and Compliance) software that smart businesses should consider:
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Continuous Compliance: Thoropass ensures ongoing compliance by monitoring data quality and sending alerts based on violations or misuse.
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Data Loss Prevention (DLP): Thoropass securely stores data either on-premise or in an adjacent cloud database to prevent data loss at rest.
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Cloud Gap Analytics: Analyzes data associated with denied entries and policy enforcement, providing insights for better authentication and security protocols.
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Compliance Governance: Allows users to create, edit, and relinquish user access privileges.
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Sensitive Data Compliance: Supports compliance with standards like PII, GDPR, HIPAA, PCI, and more.
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Administration Policy Enforcement: Administrators can set policies for security and data governance.
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Auditing: Analyzes web traffic and site performance to provide vulnerability insights and best practices.
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Workflow Management: Creates new or streamlines existing workflows to handle IT support tickets and services.
Thoropass is the only end-to-end compliance solution offering expert guidance, thorough preparation, and a seamless security audit experience. With its comprehensive features, it's a solid choice for businesses aiming to navigate compliance with confidence.
TrustCloud leverages AI, API-driven control verification, and collaborative tools to cut costs, accelerate revenue, and reduce liability.
a) Unified Platform for Trust Assurance
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TrustCloud combines modern speed and ease of use with the thoroughness of legacy tools.
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The TrustOps programmatic evidence collection and continuous controls decrease audit prep time by 40%.
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Organizations maintain 24/7 audit readiness and achieve a 100% audit success rate.
b) Speedy Security Reviews with TrustShare
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TrustShare's secure, public-facing portal invites prospects to view compliance reports without slowing down sales.
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Pre-fill up to 85% of questionnaires using prior information, demonstrating the security program's competence.
c) Predictive Risk Assessments via TrustRegister
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TrustCloud takes risk management from manual spreadsheets to programmatic, predictive assessments.
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Monitor and forecast risks in real time, proving financial impact to the board and preventing risks proactively.
d) Business Intelligence Reporting (Upcoming)
TrustCloud will soon offer BI reporting, enhancing decision-making and visibility.
4. Beyond the Cyber Horizon: The 2023 Aftermath
The 2023 cyber incidents have left an indelible mark on the cybersecurity domain. Organizations have ramped up their investment in cybersecurity infrastructure, recognizing the escalating threats and the need for robust defenses. This increased spending, which saw a 70% rise from 2019 to 2023, is a testament to the growing importance of cybersecurity in today's digital age.
Governments worldwide have responded by introducing stricter data protection laws in 2023. The Digital Personal Data Protection Act, 2023 (DPDPA) in India and the General Data Protection Regulation (GDPR) in the European Union are prime examples of such legislative measures. These laws empower individuals with rights over their data and establish clear-cut guidelines for organizations handling their data.
Moreover, there has been a heightened focus on international cooperation to combat cybercrime. Initiatives like Interpol’s Global Cybercrime Programme and Europol’s European Cybercrime Center exemplify this collaborative approach. As we look beyond 2023, these developments continue to shape the cybersecurity landscape, reinforcing the need for vigilance, innovation, and collaboration as cyber threats continue to lurk.