Cybersecurity & Privacy (CLE)

In this LIVE Webcast, a panel of thought leaders and professionals brought together by The Knowledge Group will provide and present an in-depth analysis of the fundamentals as well as recent developments in Data Security Management: Common Threats and Best Practices to Bolster Defenses.

Non-fungible tokens (NFTs), which are unique digital assets hosted on a blockchain, have become a multi-billion-dollar phenomenon — gaining popularity across multiple domains.

As the world becomes more digitally connected, the threat of cybercrime continues to alarm organizations across the globe. The number of cybersecurity breaches proliferated in volume and complexity as new and highly sophisticated attacks are launched to target sensitive business data.

In this LIVE Webcast, a panel of thought leaders and professionals brought together by The Knowledge Group will provide and present an in-depth analysis of the fundamentals as well as recent developments in The Zero Trust Approach: A Comprehensive Guide on Leveling Up Your Cybersecurity Programs. Speakers will also present all important issues surrounding this significant topic. Join us for this Knowledge Group Webinar!

With the fast-growing problem and increasingly sophisticated threats of cyber security and data breaches, litigation and other related cases continue to hound the landscape. These lawsuits have brought large numbers of damages to individuals and industries, such as consumers and financial institutions over the years.

Security initiatives have historically been driven by compliance mandates and a healthy dose of fear. But as threats continue to become more sophisticated, so must our efforts in thwarting them. Organizations that used to think “we’re the small company, attackers go for the big organizations with more valuable data” have seen an increase in breaches as attackers shift their focus from the large, heavily secured organizations, to the often easier to breach small, mid, and emerging enterprise businesses.  Automation in attack techniques has made attack targeting more random and democratic, and less protected businesses are experiencing disproportionate impacts.  Shifting from compliance based security to aligning with best practices, specifically the Center for Internet Security (CIS) Top 20 Critical Security Controls, is a great way for an organization of any size to prioritize and progress their security posture.

As threats of cybercrime continue to rise and become more aggressive, the need for effective and efficient cybersecurity platforms has never been more crucial than now. With the current state of cyber-attacks nowadays, companies need to become smarter in planning their protection programs. Response-based solutions are no longer enough.

Today’s leaders in cybersecurity continue to look for ways to protect organizations from the increasingly sophisticated cybersecurity attacks. From the antiquated belief of "trust, but verify," the security world seems to be warming up to the new principle of zero trust IT. Under the latter approach, nothing inside or outside of an organization is being trusted.  The zero trust model cuts the time spent in tracking false positives, thus, enabling organizations to increase their productivity.

Data breaches in the U.S. have shown no signs of slowing down in the last several years, neither have the wave of class action cases associated with these. Recent breaches include some of the largest companies such as LifeLabs, Yahoo, Equifax, and Google LLC. Such breaches, as well as the infringements incorporated with it, can impose tremendous burdens on banks and credit card companies that have to respond to a flood of fraud claims and canceled cards.

Staying compliant with the evolving regulatory landscape of Anti-Money Laundering (AML) and the Bank Secrecy Act (BSA) has always been challenging. With the passage of the National Defense Authorization Act (NDAA) for the fiscal year 2021, increased scrutiny and heightened penalties are expected. Amidst these changes, financial institutions also grapple with imminent credit and liquidity risks which, if not mitigated, could significantly affect operations and revenue.

The intensity and volume of cyber threats and attacks have continuously increased over the past years. Businesses have become more prone to risks of cybersecurity breaches that management plans must not only be effective, but also aggressive.

Starting this year, every U.S. Department of Defense (DoD) contractor and subcontractor will have to secure a third-party certification under the new Cybersecurity Maturity Model Certification (CMMC) framework. Released last January 30, 2020, the upgraded cybersecurity qualifications were created to prevent cyberattacks in the supply chain.

While healthcare organizations around the world grapple with the ongoing COVID-19 pandemic, hackers continue to bombard the busy industry with increasingly sophisticated cybercrimes. Ransomware attacks, in particular, have noticeably skyrocketed since the coronavirus outbreak started. Just this May 2020, healthcare giant Magellan Health fell victim to a ransomware attack that compromised its corporate servers.

As cyberattacks become increasingly sophisticated, cybersecurity leaders also continue to look for more effective ways to protect business data. Today, organizations are warming up to the idea of shifting from the “trust, but verify” mantra to a “never trust, always verify” approach. In a zero-trust architecture, all users are treated as potential threats and are not allowed to access data unless properly authenticated.