This week cybercriminals pulled off a meaty breach at JBS SA, Canada Post is wrapped up in a third-party breach, and how federal data breach and infrastructure risk reduction efforts might impact businesses.
1 – 1.5 = Extreme Risk
1.51 – 2.49 = Severe Risk
2.5 – 3 = Moderate Risk
Risk scores for The Week in Breach are calculated using a formula that considers a wide range of factors related to the assessed breach.
How Will a New Federal Security Push Impact Businesses?
In the wake of the recent cyberattack nightmare at Colonial Pipeline, the White House has issued a powerhouse executive order aimed at increasing information security throughout the government, regulating stronger software and IoT security requirements and generally bringing cybersecurity practices at federal agencies and infrastructure targets up to snuff. Even if you don’t have a business relationship with the federal government, these sweeping new regulations can still impact your business, making them worth taking a look at.
One section that will be especially relevant for small and medium businesses going forward is a new requirement for increased security at any business that’s competing under FAR and FARS rules for federal contracts. These regulations won’t just be felt at the federal level, as they are likely to require certain protections for the companies that perform federal IT and information storage services that will bleed down to the companies that serve those service providers too – and so on, unit, many more companies are operating under those guidelines than the executive order seems to hit at first glance.
Getting your in shape now is a smart way to give yourself a jumpstart on compliance and put your business in the right position to ease into the bidding process if you are a federal contractor, or if you have any business relationships with a federal contractor. It also provides your company with a ready-made point of proof that you can use to show customers that you take their security seriously too. It can also make sure that you’re poised to spring on any new opportunities that you see on the horizon.
Don’t wait until you’re stuck under a regulator’s thumb to protect your business without breaking the bank.
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