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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. What Is Threat Modeling? This can be a serious threat to confidentiality and privacy.
The last year has seen such attacks hit Bank of America , Home Depot, T-Mobile , Okta , and Citrix. A model for regulation could be the EU’s Digital Operational Resilience Act (DORA) , which strengthens and standardizes IT security and compliance for financial entities such as banks, insurance companies, and investment firms.
By benchmarking your ERM program's effectiveness using the RMM, you can provide an objective assessment of where your organization stands compared to peer industries. 1 Silicon Valley Bank (SVB) serves as an unfortunate example of the consequences of inadequate engagement with the Board of Directors and a lack of mature risk management.
By benchmarking your ERM program's effectiveness using the RMM, you can provide an objective assessment of where your organization stands compared to peer industries. 1 Silicon Valley Bank (SVB) serves as an unfortunate example of the consequences of inadequate engagement with the Board of Directors and a lack of mature risk management.
While cybercrime has been around for decades, the 2016 cyber heist against Bangladesh Bank was a watershed moment for financial authorities around the world. The related controls and processes for handling vulnerabilities are quite similar. This would save cyberattack victims precious time and resources just when they need it most.
But what if you’re a bank? And if they have a vulnerability, they want that company to be transparent about it and share how they’re addressing it. If you’re curious about your own organization’s risk maturity level, I’d recommend benchmarking your program against best practices through the Risk Maturity Model (RMM).
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