DATA SECURITY,PLATFORM SECURITY,SOFTWARE SECURITY
BlueVoyant | November 14, 2022
BlueVoyant, an industry-leading cyber defense company that combines internal and external cybersecurity, today released the findings of its third annual global survey into supply chain cyber risk management. The study reveals that 98% of firms surveyed have been negatively impacted by a cybersecurity breach that occurred in their supply chain. This is up slightly from 97% of respondents last year. Digital supply chains are made of the external vendors and suppliers who have network access that could be compromised.
"The survey shows that supply chain cybersecurity risk has not decreased and, in fact, more enterprises than ever have reported being negatively impacted by a cybersecurity disturbance in their supply chain," said Adam Bixler, BlueVoyant's global head of supply chain defense. "The good news is that across industries and regions, organizations are making supply chain defense a priority, but these organizations need to better monitor suppliers and work with them to remediate issues to reduce their supply chain risk."
Other key survey findings include:
40% of respondents rely on the third-party vendor or supplier to ensure adequate security.
In 2021, 53% of companies said they audited or reported on supplier security more than twice per year; that number has improved to 67% in 2022. These numbers include enterprises monitoring in real time.
Budgets from supply chain defense are increasing, with 84% of respondents saying their budget has increased in the past 12 months.
The top pain points reported are internal understanding across the enterprise that suppliers are part of their cybersecurity posture, meeting regulatory requirements, and working with suppliers to improve their security.
"While supply chain defense is a challenge, there are solutions for enterprises to better defend against this risk," said James Rosenthal, BlueVoyant's CEO and co-founder. "Enterprises should continuously monitor their supply chain to be able to quickly remediate threats. As companies are being negatively impacted by supply chain disturbances, they must prioritize this risk with the appropriate budget."
The study was conducted by independent research organization, Opinion Matters, and recorded the views and experiences of 2,100 chief technology officers (CTOs), chief security officers (CSOs), chief operating officers (COOs), chief information officers (CIOs), chief info security officers (CISOs), and chief procurement officers (CPOs) responsible for supply chain and cyber risk management in organizations with more than 1,000 employees across a range of industries. These include: business services, financial services, healthcare and pharmaceutical, manufacturing, utilities and energy, and defense. It covered 11 countries: U.S., Canada, Germany, Austria, Switzerland, France, the Netherlands, the United Kingdom, Australia, the Philippines, and Singapore.
The 2021 research was also conducted by Opinion Matters and recorded the views and experiences of 1,200 CTOs/CSOs/COOs/CIOs/CISOs/CPOs in similar enterprises and the same industries. It covered six countries: U.S., Canada, Germany, the Netherlands, the U.K., and Singapore.
Analysis of the responses from different commercial sectors revealed considerable variations in their experiences of supply chain risk:
While healthcare and pharmaceutical was the third-highest vertical in terms of experiencing greater board scrutiny for supply chain risk at 42%, the sector also indicates the lowest likelihood to increase budget for external resources to bolster supply chain cybersecurity, by a margin of 7% below the next closest vertical. This sector is also the least likely of any vertical (34%) to have no way of knowing if an issue arises with a third party's environment.
The energy sector was most likely to report negative impact from at least one supply chain breach in the last year (99%) but 49% are monitoring supply chain cyber risk regularly or in real time, and 44% are updating senior leadership monthly or more frequently. In addition, energy companies say they are increasing their budget for supply chain cyber risk by an average of 60%.
In manufacturing, 64% of respondents say that supply chain cyber risk is on their radar and 44% say they have established an integrated enterprise risk management program.
BlueVoyant combines internal and external cyber defense capabilities into an outcomes-based platform called BlueVoyant Elements™. Elements is cloud-native and continuously monitors your network, endpoints, attack surface, and supply chain plus the clear, deep, and dark web for vulnerabilities, risks, and threats; and takes action to protect your business, leveraging both machine learning-driven automation and human-led expertise. Elements can be deployed as independent solutions or together as a full-spectrum cyber defense platform. BlueVoyant's approach to cyber defense revolves around three key pillars — technology, telemetry, and talent — that deliver industry-leading cybersecurity to more than 700 clients across the globe.
DATA SECURITY, PLATFORM SECURITY, SOFTWARE SECURITY
ISG | September 20, 2022
Information Services Group, a leading global technology research and advisory firm, said today it is has formed a partnership with cyberconIQ, a cybersecurity platform and advisory company, to address the human side of cybersecurity.
Under the new partnership, ISG Cybersecurity will be able to offer its clients the capabilities of cyberconIQ’s Human Defense Platform, a SaaS-based solution that helps mitigate the human factors that create cyber risk, while cyberconIQ will be able to offer its customers access to the full range of ISG Cybersecurity services.
“People are one of the biggest risks to enterprise cybersecurity,” said Doug Saylors, partner and co-leader of ISG Cybersecurity. “Some 85 percent of breaches today involve human error, with breaches caused by phishing attempts up 25 percent in the last year alone. To combat this problem, enterprises need to strengthen their cybersecurity culture and help people become their own—and their employers’—best protection against cyber threats.”
Saylors said the partnership with cyberconIQ will enable ISG Cybersecurity to offer its clients a platform-based approach to identify individual risk styles among employees, increase overall security awareness, and actively monitor, measure, model and manage people-related cyber risk.
“The solution set of cyberconIQ is a welcome addition to ISG Cybersecurity’s market-leading portfolio of advisory, benchmarking, sourcing, organizational change management and third-party risk management capabilities,” Saylors said.
CyberconIQ’s Human Defense Platform is proven to reduce people-related cyber risk by up to 95 percent, said the company’s CEO and Founder Dr. James Norrie.
“We are able to substantially reduce cyber risk by leveraging our CYBERology™ approach – the intersection of cybersecurity and psychology,” said Norrie. “We embed behavioral science methods targeting changes in on-the-job behavior into all of our cybersecurity solutions.”
The cyberconIQ offering includes the patented myQ Risk-Style Questionnaire, unIQue Security Awareness Education modules, cybermetrIQs Cyber Risk Dashboard, phishFixIQ Phishing Simulation and Remediation solution, and leaderIQ adaptive learning approach to creating a risk-aware and compliant culture.
“We are excited to be working with ISG and its blue-chip client roster to bring the benefits of our human-centered approach to cybersecurity to more organizations,” Norrie said. “Working together, our combination of technology and people-based approaches will help companies significantly improve their cyber defenses and risk awareness.”
ISG Cybersecurity is a unit of ISG that helps enterprise clients increase their cybersecurity maturity in line with their overall digital transformations. The unit helps clients assess and benchmark their cybersecurity programs, develop a cybersecurity strategy, design and implement their cybersecurity operating model, design overall solutions and select appropriate vendors, manage third-party risk and create and execute cybersecurity awareness and training programs.
Headquartered in York, Penn., cyberconIQ was founded with the knowledge that technical approaches to cybersecurity alone do not address the prevalent issues we face today. With years of research and development with financial industry leaders, Dr. James Norrie discovered that our foundational CYBERology™ approach – the intersection of cybersecurity and psychology – would improve security outcomes and would advance the risk and compliance culture within organizations world-wide. With proven results that are 8 - 10x more effective than generic training alternatives, cyberconIQ's platform measurably reduces the risk of a human-factors cybersecurity breach or data leak.
ISG is a leading global technology research and advisory firm. A trusted business partner to more than 800 clients, including more than 75 of the world’s top 100 enterprises, ISG is committed to helping corporations, public sector organizations, and service and technology providers achieve operational excellence and faster growth. The firm specializes in digital transformation services, including automation, cloud and data analytics; sourcing advisory; managed governance and risk services; network carrier services; strategy and operations design; change management; market intelligence and technology research and analysis. Founded in 2006, and based in Stamford, Conn., ISG employs more than 1,300 digital-ready professionals operating in more than 20 countries—a global team known for its innovative thinking, market influence, deep industry and technology expertise, and world-class research and analytical capabilities based on the industry’s most comprehensive marketplace data.
DATA SECURITY, PLATFORM SECURITY, SOFTWARE SECURITY
GuidePoint Security | September 28, 2022
GuidePoint Security, a cybersecurity solutions leader enabling organizations to make smarter decisions and minimize risk, today announced the availability of its ICS Security Services. These service offerings include a Security Program Review, Security Architecture Review and ICS Penetration Testing that collectively are designed to provide an organization with a holistic view of their entire ICS security posture.
Traditionally, Operational Technology (OT) environments were kept separate and isolated from the traditional IT infrastructure. Today, ICS environments have emerged from the combination of IT and OT (Industry 4.0), introducing new features and easier management, but also creating new vulnerabilities and attack vectors. For example, an OT environment can be breached by an attack that comes through the IT environment. With GuidePoint’s ICS Security Services, organizations can ensure they have visibility across not only their OT environment, but also their broader organization.
“The convergence of OT and traditional IT infrastructure into ICS environments has led to easier operational oversight, but it also introduces new avenues for attackers to exploit,” said Pascal Ackerman, Sr. Security Consultant - Operational Technology. “Through the combined expertise of our Governance, Risk and Compliance, Security Architecture, and ICS penetration testing practices, we can provide customers with an assessment of their entire ICS security posture, evaluating every angle of their environment.”
GuidePoint’s ICS Security Service offerings include:
Security Program Review (SPR): The SPR evaluates and measures an organization’s security program maturity and is based on the framework chosen by the customer, including, but not limited to: NIST Cybersecurity Framework (CSF), NIST 800 82, CIS Controls, ISO/IEC 62443, ISO 27001, C2M2, FERC/NERC-CIP, CISA TSS and ITU CIIP. With GuidePoint’s SPR offering, organizations can better assess their security program and its maturity level, and build or enhance their existing program to ensure it is right-sized to their unique requirements.
ICS Security Architecture Review (SAR): The SAR evaluates an organization’s security capabilities to ensure deployed technologies are aligned with relevant compliance requirements. GuidePoint’s team of experts provides industry-recommended enhancements to an organization’s existing solutions as well as recommendations for new controls to augment and further mature security practices.
ICS Penetration Testing: This service goes beyond a typical OT pentest by combining best-in-class IT and OT pentesting methodologies to form a holistic offering that will assess all security aspects of the production environment. Organizations gain real-life, actionable results based on proven ICS (IT and OT) penetration testing methods and techniques.
These ICS Security Services round out a complete portfolio of cyber-focused Governance, Risk and Compliance offerings, Security Architecture Reviews, as well as Threat and Attack Simulation Services, to ensure the security of customers’ environments.
About GuidePoint Security
GuidePoint Security provides trusted cybersecurity expertise, solutions and services that help organizations make better decisions that minimize risk. Our experts act as your trusted advisor to understand your business and challenges, helping you through an evaluation of your cybersecurity posture and ecosystem to expose risks, optimize resources and implement best-fit solutions. GuidePoint’s unmatched expertise has enabled a third of Fortune 500 companies and more than half of the U.S. government cabinet-level agencies to improve their security posture and reduce risk.