In this series, ProCircular’s team of information security specialists will break down the top cybersecurity risks for small and medium-sized businesses in 2023. How do SMBs prepare for cybersecurity threats and prevent security incidents? Trevor Burke lays out the special precautionsorganizations can take to lower the likelihood of incidents caused by internal threats.
Topics: Cybersecurity, Information Security, Data Security, Security Awareness Training, vCISO
In 1999, Congress passed the Gramm-Leach-Bliley Act, which requires financial institutions to explain their information-sharing practices to their customers and to safeguard sensitive data.[1] The Act mandated the passage of the Safeguards Rule, which was promulgated by the Federal Trade Commission (FTC) in May 2002 and made effective May 2003.[2] In 2019, the FTC began working on amendments to the Safeguards Rule, and on December 9, 2021, the FTC finalized these amendments.[3] Depending on the classification of their financial institution, clients will need to understand the following rule changes and properly abide by the new FTC regulations.
Topics: Cybersecurity, Penetration Testing, Risk Assessment, Banking, Financial Institutions
MXDR (Managed Extended Detection and Response) is a professionally managed combination of tools that use powerful AI to correlate readings from different security monitoring tools. The process for implementing MDXR depends on the tools you already have in place. Switching to a new tool can be tricky if you’re mid-contract with another vendor. It’s a good idea to talk to a defensive cybersecurity expert to get set up with the right stack of tools for your organization!
Topics: Cybersecurity, SIEM, MXDR
As online and at-home banking options become more accessible, more online activity increases the risk of theft. Since 2021, IBM reported that the average cost of a breach rose from $4.24 million to $4.35 million.
Topics: Cybersecurity, Incident Response, SIEM, Risk Assessment, Banking, Escape Game
Aaron Warner founded ProCircular, Inc. in 2016 when he recognized a missed opportunity to bring the emerging cybersecurity industry to the middle of the country. Tech experts predicted that our world’s tremendous and sudden reliance on virtual information systems would create lucrative opportunities for international hackers. As tech solutions develop, they often start in more heavily-populated regions before making their way into the mainstream. However, cybersecurity threats are not geographically limited, and midwestern companies were at risk of facing cyber threats with little access to well-established, local support.
Topics: Cybersecurity