Review the following cybersecurity safeguards and evaluate your firm’s threat readiness against increasing cyber threats.
Cyber-attacks continue to increase in frequency and sophistication, creating an imminent cyber security threat for all organizations. Data breaches in the first quarter of 2022 were up 14% over a year ago, according to the Identity Theft Resource Center (ITRC). Additionally, 92 percent of the data breaches in the first three months of 2022 resulted from cyber-attacks.
Regulators on a global scale are responding by launching new measures to combat the rise in cyber-attacks, including: the Security Exchange Commission’s (SEC) proposed Cyber Security Risk Management Rule, the EU’s Digital Operational Resilience Act (DORA), and China’s Personal Information Protection Law (PIPL).