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Data Loss: Hazards, Risks and Strategies for Prevention

Smart Data Collective

A Security Intelligence article cites that the 2021 average cost of a data breach is $4.24 Remote working has also created greater data security risks. But in 2021, the average cost reached $9.23 In 2021, $180 is the average cost of a lost PII. In addition, they can use several strategies to manage data breaches.

Risk 125
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Skills-first hiring has CIOs rethinking talent strategies

CIO Business Intelligence

Moreover, 19% of job postings in the US no longer required degrees, up from 15% in 2021. Some researchers and tech leaders are using the strategy. Yet Lutes and other experts say the skills-first hiring strategy does differ from traditional organizational labor practices. Others IT execs express reservations.

Strategy 132
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What is Model Risk and Why Does it Matter?

DataRobot Blog

This provides a great amount of benefit, but it also exposes institutions to greater risk and consequent exposure to operational losses. The stakes in managing model risk are at an all-time high, but luckily automated machine learning provides an effective way to reduce these risks. What is a model?

Risk 111
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5 keys to optimizing ROI on your Cloud Center of Excellence

CIO Business Intelligence

Cloud CoE adoption has increased from 69% in 2017 to 82% in 2021 , demonstrating its role in value creation. Transforming culture: A cloud CoE must engage the security and risk groups within an organization to understand the hybrid landscape and ensure the identification and mitigation of risks.

ROI 91
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Operational technology systems require a robust Zero Trust strategy in 2024

CIO Business Intelligence

The Colonial Pipeline attack in 2021 is one of the most well-known examples of a major OT attack; the attack prompted a temporary shutdown of nearly half the gasoline and jet fuel supply delivered to the East Coast. Why is this sector at such risk? That led to fuel shortages and price hikes.​​ Applying Zero Trust policies.

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Holiday Strategy for Ransomware Recovery

CDW Research Hub

Unfortunately, the holidays can also bring an increased risk of data breaches. Three of the biggest attacks publicized in 2021 occurred over long holiday weekends: JBS USA, one of the largest meat producers in the world, paid $11 million to hackers in response to a ransomware event that occurred over Memorial Day weekend.

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5 strategies for boosting endpoint management

CIO Business Intelligence

Endpoint security requires a comprehensive and flexible strategy that goes way beyond what security teams relied on a decade or more ago. They increased 23% from 2021 to 2022. In 2021, 26% of attacks led to disruptions that lasted a week or longer. And they are becoming more frequent, increasing 65% between 2019 and 2021.