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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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Inside Look: How Hackers Use AI To Attack Your Business

LAN Infotech

Example: Imagine receiving an e-mail that looks like its from your bank. ” Heres where the attack happens: If you click the link, it takes you to a fake website designed to look exactly like your banks login page. Target these vulnerabilities faster than ever before. Adapt in real time to exploit new vulnerabilities.

Malware 52
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Strengthening security resilience: A proactive approach to evolving threats

everbridge

Security threats are evolving rapidly, shaped by a combination of cyber vulnerabilities, supply chain risks, geopolitical instability, and natural disasters. According to the National Institute of Standards and Technology (NIST), nearly 43% of cyberattacks in 2023 targeted vulnerabilities within third-party supply chains.

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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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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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Risks Associated With Business Task Automation and How to Mitigate Them

LogisManager

For example, financial institutions like banks must protect their customer data or they face fines. The system must have security protections and log audit trails, or the company might see fines and violations. Without the tools to uncover these interconnected risks, businesses could be exposed to dozens of vulnerabilities.

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The Best Risk Management Software to Consider for 2021 and Beyond

Solutions Review

Description: Archer IT & Security Risk Management enables users to document and report on IT risks and controls, security vulnerabilities, audit findings, regulatory obligations, and issues across their technology infrastructure. Platform: Archer IT & Security Risk Management. Fusion Risk Management. Platform: HighBond.