Remove Audit Remove Banking Remove Vulnerability
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Silicon Valley Bank (SVB) Failures in Risk Management: Why ERM vs GRC

LogisManager

Silicon Valley Bank (SVB) Failures in Risk Management: Why ERM vs GRC By Steven Minsky | May 5, 2023 Silicon Valley Bank (SVB) was closed by regulators and reminded us of the recession associated with Lehman Brothers and Washington Mutual Bank in 2008.

Banking 98
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The Multiple Factors Leading to the Collapse of Silicon Valley Bank

Erwood Group

While the Bank itself bears the bulk of the responsibility for its own demise, in this article we are going to look at the multiple factors leading to the collapse of Silicon Valley Bank. Formed in 1983, Silicon Valley Bank (SVB) was founded to provide financial services to startups, venture capitalists, and technology companies.

Banking 59
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Best Practices for Payroll Internal Controls

Reciprocity

This lax security leaves the organization vulnerable to data breaches, fraud, and compliance-related fines. Audits can confirm that the payroll system is running correctly and reveal whether the organization is accurately fulfilling its payment and tax obligations. A dedicated payroll account also simplifies audits.

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The CISOs Guide to Storage & Backup Cyber Resiliency

Solutions Review

Despite implementing vulnerability management, extended detection and response (XDR), threat monitoring, security information and event management (SIEM), and other technologies, they always seem to be one step behind the cybercriminal fraternity. This can lull storage admins, infrastructure managers, and CISOs into a false sense of security.

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How CISOs Can Reduce Third-party Attack Vectors

Pure Storage

The last year has seen such attacks hit Bank of America , Home Depot, T-Mobile , Okta , and Citrix. In-depth questionnaires and even independent audits might be appropriate, but the process should be thorough. Shift left encourages teams to find vulnerabilities earlier and fix defects.

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How to Implement Threat Modeling in Your DevSecOps Process

Pure Storage

Threat modeling is the process of identifying potential threats and vulnerabilities in a system and determining the likelihood and impact of each threat. Assets that are vulnerable to spoofing include usernames, passwords, and digital certificates. This can be a serious threat to audit trails and other compliance controls.

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Enable Two-Factor Authentication (2FA) to Add an Extra Layer of Security to Your Accounts

Erwood Group

Safeguarding Sensitive Information : For accounts containing sensitive information, such as banking, email, and social media accounts, 2FA provides an extra layer of protection, ensuring that your data remains safe. Enabling 2FA on Banking Apps Given the sensitivity of financial information, many banking apps offer 2FA.