Why should the financial services sector adopt a data classification strategy? Because more than nine out of ten (95%) of data breaches are financially motivated, according to this year’s Verizon Data Breach Investigations Report . Within the finance and insurance sector specifically, the rates were as high as 97% — no surprise there. However, what may be surprising is that most of these attacks...

When it comes to data privacy , financial services is one of the most highly regulated industries, and as a result, finance organizations face immense pressure to protect the data they are creating, collecting, and storing. Let’s take a deeper dive into what pressures are put on financial organizations to protect their data, and what they can do to ensure their sensitive data stays secure and...

An Introduction to FedRAMP In late 2011, the Office of Management and Budget under the Obama Administration released a memorandum that introduced the Federal Risk and Authorization Management Program (FedRAMP), noting that “[in the two years prior], the Administration worked in close collaboration with the National Institute of Standards and Technology (NIST) , the General Services Administration...

On Wednesday May 12, the Biden administration took a critical step towards addressing security issues that have come to light after several recent, high profile cyberattacks. The extensive Executive Order (EO) described the government's plan to increase cybersecurity protection across the public and private sectors as well as secure the nation's digital infrastructure against the type of attack...