Cybersecurity Spending Expected to Reach $150 Billion in 2021
With online threats continuing to mount and evolve, enterprises are seeking the necessary tools to detect, remediate and protect their data and overall infrastructure. In fact, according to Gartner, global spending on cybersecurity and risk management services is expected to exceed $150.4 billion this year – which is an increase ... Read More
Nacha’s Account Data Security Rule Comes into Effect this Month
The extension to the deadline to meet Nacha’s Rule related to protecting Account Numbers in an ACH transaction is upon us - June 30, 2021. This rule already applied to most financial institutions, but now non-financial institutions including Originators, Third-Party Service Providers, and Third-Party Senders have to meet the rule ... Read More
Data Breach at German Supermarket Chain tegut
The German supermarket chain "tegut" was recently the target of a cyberattack (source in German) and on April 24 the company activated emergency procedures that shut down their entire central IT network and disconnected it from the internet. While done to limit the exposure of sensitive data, these measures also ... Read More
Three Years of GDPR – a Look Back
It might be hard to imagine, but it has been three years since the General Data Protection Regulation (GDPR) was implemented on 25 May 2018. Time certainly does fly by when you are trying to protect data. Nevertheless, the term ‘GDPR’ has set a precedent on what is to be ... Read More
The Importance of Board Members in Building a Cybersecurity Strategy
Over the past 12 months, most board agendas have been largely focused on dealing with business continuity during the pandemic. Yet, this shouldn’t be an excuse to forget any obligations to cybersecurity. In fact, according to Gartner, 40% of boards of directors will have a dedicated cybersecurity committee by 2025 ... Read More
What to Expect from PCI DSS 4.0
The subject of data security is often shrouded in mystery, with a multitude of acronyms from a combination of industry buzzwords and regulatory bodies to comply with, often leaving practitioners confused. However, for businesses that rely on e-commerce or card transactions for payment, there is one acronym that must not ... Read More
How South Africa’s POPIA will Affect your Business
It goes without saying that data is an invaluable asset to any company. On the other hand, privacy is an invaluable asset to us as individuals. In order to reconcile these two points, a variety of regulations have imbued individuals with the right to data privacy. In recent years, the ... Read More
New Zealand’s Privacy Act 2020 Now in Effect
On December 1, 2020, updates to New Zealand's data privacy laws came into force, replacing the previously established 1993 Privacy Act. The new Privacy Act 2020 is a modern adaptation of the previous law and includes amendments that bring about stricter data protection rules that organizations "carrying on business in ... Read More
Accidental Data Exposure at the Free University of Berlin
According to a report by netzpolitik.org, on January 12, an update to the Campus Management System of the Freie Universität (FU) Berlin inadvertently set some students' accounts to "God Mode" potentially enabling them to access, and in some cases, change grades. They also had access to lists of students and ... Read More
12 Countries with GDPR-like Data Privacy Laws
GDPR wasn't the beginning and it certainly won't be the end. Strict data privacy legislation is appearing in more and more economies across the globe, meaning the list of “GDPR-free” havens is growing shorter by the day. CISOs and other data security executives at globally operating organizations will have no choice ... Read More
