Cyber Security During Awareness Month is an annual event dedicated to promoting online safety and security for individuals, businesses, and organizations. With the increasing reliance on technology and the internet in our daily lives, it’s more important than ever to stay informed and proactive in protecting personal data and preventing cyber attacks.
This month serves as an opportunity to raise awareness about the latest threats, best practices, and tools for ensuring a secure online experience. Join the conversation and take steps towards a safer digital world during Cyber Security Awareness Month.
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From nation-state threat actors to cybercriminals, today’s businesses face many cybersecurity threats. At the same time, organizations struggle to maintain a strong security posture because they have not yet shifted to a holistic approach to risk – one that combines a 360º view of the attack surface with the ability to communicate risk meaningfully and respond effectively. This is critical for business success in today’s cybersecurity threat landscape, as organizations that are slow to respond to a security incident can face immediate consequences like lost revenue and customer confidence.
Cyber Security during Awareness Month is an excellent opportunity for all organizations, governments, and industries to take a strategic pause and assess their understanding of the cybersecurity threats they face and how to best mitigate cyber risk.
Security teams should use this time to evaluate their strategy and seek ways to gain visibility into critical supply chain risks, monitor third parties’ Cyber Security During Awareness Month postures, and reduce the threat of attacks. Boards of directors and executives should also take this time to evaluate their businesses’ unique risks and become more involved with Cyber Security During Awareness Month. Seeking out tools that help security and business leaders understand cyber risks in financial terms is a great start on this journey. It ensures the entire organization can gain a comprehensive view of cyber risks via a universally understood metric.
At a larger scale, advancements in Cyber Security During Awareness Month require the private sector to work with federal, state, local, tribal, and territorial governments to find new, innovative ways to share intelligence and mitigate impact. Government and industry-led initiatives must continue developing platforms and standards that help organizations gather, identify, and share threat intelligence sources.
There are other key focus areas for Cyber Security During Awareness Month, including impact on the public sector and cyber insurance, which we explore below.
Public Sector
Cyber attacks on our nation’s critical infrastructure and essential services, including the supply chains that support them, are more prevalent than ever and are impacting sectors like electricity, water, transportation, and even medical services. Governments and infrastructure owners and operators face a multitude of cybersecurity threats. At the same time, many government organizations and public utility providers are faced with the challenge of balancing budget and resource constraints with the need to maintain a robust cyber hygiene posture amid complex and legacy IT environments for highly interconnected ecosystems.
Understanding the threat is fundamental to an organization’s ability to defend and protect its critical systems and ensure operational resilience. Organizations should use Cyber Security During Awareness Month to evaluate their cybersecurity strategy, understand their attack surface, and seek ways to gain visibility into critical supply chain risks, continuously monitor third parties’ cybersecurity postures, and reduce the likelihood of attacks.
The evolving threat landscape requires collective defines – government and industry working together to find new, innovative ways to share intelligence and mitigate impact.
Cyber Security During Awareness Month (Insurance)
Cyber liability insurance is an emerging category of insurance policy that helps executives, and their organizations cover breach-related expenses if a significant breach were to occur. Cyber Security During Awareness Month is an excellent opportunity for companies that issue cyber liability insurance policies to take a strategic pause and assess their ability to gain a detailed assessment of an organization’s cyber health in order to most effectively align the risk of a potential cyber breach with the premiums and benefits of a specific insurance policy.
Cyber insurance companies are beginning to change their policies to pay settlements for nation-state attributed attacks. Therefore, it’s imperative that these companies have a reliable and accurate way to make these attributions to mitigate legal and financial risk.
Insurers should use this time to evaluate their strategy and ensure access to effective tools that help predict the likelihood of a claim. Many insurers are using cybersecurity rating solutions to introduce a consistent and accurate assessment of a company’s security risk as an input to their overall underwriting, policy quoting, and sales process. Insurance companies gain numerous benefits from using a security rating solution as part of their cyber liability insurance programs. Gaining trusted cybersecurity advisor status via a comprehensive cybersecurity rating solution enables insurance companies to build credibility with their business affiliates, prospects, and customers.
This year’s CISA campaign theme, “See Yourself in Cyber,” shines the spotlight on the “people” part of cybersecurity. It’s a great reminder that at the core of cyber resilience lies collaboration. By following these best practices, insurers can offer the best cyber liability policies while maintaining trusted advisor status across all relevant constituents, including insurance agents, brokers, and customers. This is fundamental to ensuring resilience. Inside every organization, multiple groups—including security, legal, and business operations—must join hands to create clear, data-driven security strategies, appoint the right people, and follow informed business practices.
About Security Scorecard
Security Scorecard is the global leader in cybersecurity ratings and the only service with millions of organizations continuously rated. Thousands of organizations leverage our patented rating technology for self-monitoring, business ecosystem risk management (aka third-party risk management), board reporting, and cyber insurance underwriting. But we don’t stop there. Through a customer-centric, solution-based commitment to our partners, we are transforming the digital landscape, building a path toward cyber resilience.
From nation-state threat actors to cybercriminals, today’s businesses face many cybersecurity threats. At the same time, organizations struggle to maintain a strong security posture because they have not yet shifted to a holistic approach to risk – one that combines a 360º view of the attack surface with the ability to communicate risk meaningfully and respond effectively. This is critical for business success in today’s cybersecurity threat landscape, as organizations that are slow to respond to a security incident can face immediate consequences like lost revenue and customer confidence.
Cybersecurity Awareness Month is an excellent opportunity for all organizations, governments, and industries to take a strategic pause and assess their understanding of the cybersecurity threats they face and how to best mitigate cyber risk.
Security teams should use this time to evaluate their strategy and seek ways to gain visibility into critical supply chain risks, monitor third parties’ cybersecurity postures, and reduce the threat of attacks. Boards of directors and executives should also take this time to evaluate their businesses’ unique risks and become more involved with cybersecurity. Seeking out tools that help security and business leaders understand cyber risks in financial terms is a great start on this journey. It ensures the entire organization can gain a comprehensive view of cyber risks via a universally understood metric.
At a larger scale, advancements in cybersecurity require the private sector to work with federal, state, local, tribal, and territorial governments to find new, innovative ways to share intelligence and mitigate impact. Government and industry-led initiatives must continue developing platforms and standards that help organizations gather, identify, and share threat intelligence sources.
There are other key focus areas for Cybersecurity Awareness Month, including impact on the public sector and cyber insurance, which we explore below.
Public Sector
Cyber attacks on our nation’s critical infrastructure and essential services, including the supply chains that support them, are more prevalent than ever and are impacting sectors like electricity, water, transportation, and even medical services. Governments and infrastructure owners and operators face a multitude of cybersecurity threats. At the same time, many government organizations and public utility providers are faced with the challenge of balancing budget and resource constraints with the need to maintain a robust cyber hygiene posture amid complex and legacy IT environments for highly interconnected ecosystems.
Understanding the threat is fundamental to an organization’s ability to defend and protect its critical systems and ensure operational resilience. Organizations should use Cybersecurity Awareness Month to evaluate their cybersecurity strategy, understand their attack surface, and seek ways to gain visibility into critical supply chain risks, continuously monitor third parties’ cybersecurity postures, and reduce the likelihood of attacks.
The evolving threat landscape requires collective defines – government and industry working together to find new, innovative ways to share intelligence and mitigate impact.
Cyber Insurance
Cyber liability insurance is an emerging category of insurance policy that helps executives, and their organizations cover breach-related expenses if a significant breach were to occur. Cybersecurity Awareness Month is an excellent opportunity for companies that issue cyber liability insurance policies to take a strategic pause and assess their ability to gain a detailed assessment of an organization’s cyber health in order to most effectively align the risk of a potential cyber breach with the premiums and benefits of a specific insurance policy.
Cyber insurance companies are beginning to change their policies to pay settlements for nation-state attributed attacks. Therefore, it’s imperative that these companies have a reliable and accurate way to make these attributions to mitigate legal and financial risk.
Insurers should use this time to evaluate their strategy and ensure access to effective tools that help predict the likelihood of a claim. Many insurers are using cybersecurity rating solutions to introduce a consistent and accurate assessment of a company’s security risk as an input to their overall underwriting, policy quoting, and sales process. Insurance companies gain numerous benefits from using a security rating solution as part of their cyber liability insurance programs. Gaining trusted cybersecurity advisor status via a comprehensive cybersecurity rating solution enables insurance companies to build credibility with their business affiliates, prospects, and customers.
This year’s CISA campaign theme, “See Yourself in Cyber,” shines the spotlight on the “people” part of cybersecurity. It’s a great reminder that at the core of cyber resilience lies collaboration. By following these best practices, insurers can offer the best cyber liability policies while maintaining trusted advisor status across all relevant constituents, including insurance agents, brokers, and customers. This is fundamental to ensuring resilience. Inside every organization, multiple groups—including security, legal, and business operations—must join hands to create clear, data-driven security strategies, appoint the right people, and follow informed business practices.
About Security Scorecard
Security Scorecard is the global leader in cybersecurity ratings and the only service with millions of organizations continuously rated. Thousands of organizations leverage our patented rating technology for self-monitoring, business ecosystem risk management (aka third-party risk management), board reporting, and cyber insurance underwriting. But we don’t stop there. Through a customer-centric, solution-based commitment to our partners, we are transforming the digital landscape, building a path toward cyber resilience.