Millions of people around the world are working from home, many of them for the first time, as more and more countries go into lockdown over COVID-19. But as remote working increases, so too does the security risk to sensitive data, systems and networks.
Analysts estimate that up to 80% of cyber breaches originate in the supply chain. Making matters worse, organizations that enter into third-party business relationships take the security practices of the vendor into their own risk profiles.
In 2019, the average cost of a data breach to a company was $3.9 million, ranging from $1.8 million in India to $8.2 million in the United States. Legal costs related to litigation or fines can drive the amounts much higher.
The 2019 Qingdao Forum on International Standardization took place on 27-29 October, under the guidance of IEC, ISO, ITU, the Standards Administration of China (SAC) and the People’s Government of Shandong Province. The event was hosted by the Qingdao Municipal Government.
Remember the little pig in the fairy tale who chose bricks and mortar? His home was able to weather the worst of the big bad wolf’s huffing and puffing, unlike those of his less well-prepared siblings.
The financial impact of data breaches can run into millions of dollars for organizations. A new international standard provides organizations with the clear guidance they need to reduce the risk to personal information.
Many of the world’s top cyber security experts are currently in Las Vegas to take part in the Black Hat conference. For the first time, this year’s event includes a briefing on using IEC 62351 to provide end-to-end security for power systems.