article thumbnail

Perspectives on model risk management of cybersecurity solutions in banking

McKinsey and Company

The sooner banks start their journey and establish an effective approach to model risk management of cybersecurity solutions, the quicker they will be able to manage risk and establish controls.

article thumbnail

4 Must-Know Things About Cybersecurity

Redial

Cybersecurity is already a paramount concern for businesses of all sizes. This blog post will delve into four essential aspects of cybersecurity: the basic concepts, best practices, and the significance of complying with certifications like PCI, ISO-9001, and HIPAA.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Cybersecurity Risk Dashboards: No Value, Extreme Liability

Forrester Digital Transformation

In the last twelve months, “Risk Dashboards” became all the rage in cybersecurity with varied titles like “Risk Index,” “Security Baseline,” “Security Posture,” and “Risk Posture.” ” These dashboards appear in a vendor’s user interface and purport to help security programs improve.

article thumbnail

Protecting Against The Top Cybersecurity Threats In 2023 Requires A Balanced Approach

Forrester Digital Transformation

Cybersecurity threats continue to plague organizations, multiplying like Mogwai in the 1984 hit movie “Gremlins” (just don’t feed them after midnight). Forrester data shows that almost three-quarters of organizations reported one or more data breaches in the past 12 months.

article thumbnail

Setting The Record Straight On The Third-Party Risk Management Market

Forrester Digital Transformation

Third-party risk management (TPRM) is high on the list of business priorities and risk management priorities, and that’s a good thing.

article thumbnail

Here’s How To Update Your Risk Management Posture Given The War In Ukraine

Forrester Digital Transformation

Risk management leaders in Europe and worldwide are already being impacted by the war in Ukraine and the sanctions imposed on Russian and Belarusian actors. Forrester analysts provide their guidance in this post.

article thumbnail

Fix The Vulnerability Within: Break Gender Bias In Cybersecurity

Forrester Digital Transformation

This brain drain is the result of a few dynamics colliding: poor financial and advancement incentives; general stress and burnout impacting security teams; and cybersecurity’s dirty little secret, workplace toxicity! And cybersecurity isn’t immune to the hidden epidemic impacting women’s ability […].