Cranberry Cloud Updates

Cybersecurity: Balancing the Risk and Reward

Cybersecurity is expensive, but when compared to the cost of a cyber breach, it certainly pales in comparison. According to the 2022 IBM Cost of a Data Breach Report, the finance industry had the second highest cost per breach, averaging $5.97 million per breach.

Understanding the Importance of Multiple Backups

As highlighted in our article on the Uber hack, cyberattacks are on the rise. Unfortunately, even when the best practices are followed, no one can guarantee complete protection. Businesses must take additional steps, particularly ensuring that important files are backed up to prevent data loss in the event of a breach.

Mitigating Third-Party Risks: The Uber Story

On Thursday, September 15th, 2022, Uber confirmed reports of a cybersecurity breach. Following an internal review, Uber reported that cybercriminals gained access via an account allocated to an external contractor.

Cybersecurity In An Era Of Digital Transformation

The increased use of digital technologies to enhance or even create entirely new business models, customer experiences and working processes has led to a transformation in the way companies operate. While this change has been occurring over many years, there was an unrivalled acceleration during the pandemic.

Cyber Insurance: Meeting Insurer’s IT requirements

For businesses in the financial services sector, taking out a tailored cyber insurance policy can make all the difference if something suddenly goes wrong. Financial institutions like asset managers, hedge funds, etc., face a wide variety of risks in their day-to-day operations, thus, an insurance solution that provides comprehensive protection is a necessity.