Why Fintech Should Focus on Availability

by Sarah Harvey / March 4th, 2020

Robinhood, an investing and trading platform, experienced every startup’s nightmare: service outages at a crucial time, leaving frustrated customers unable to trade. TechCrunch explains, “It’s perhaps the worst-timed bug in the history of the seven-year-old company, because it coincided with one of the biggest single-day gains in the history of the Dow Jones Industrial Average, and huge gains on the Nasdaq, as well. In all, markets gained $1.1 trillion in…

What is a Vendor Due Diligence (Vetting) Process?

by Sarah Harvey / January 24th, 2020

Vetting and choosing vendors are some of the most important decisions you’ll make for your business, especially when it comes to information security. They could do everything from run your call center to store your data, monitor your systems, or destroy your records. Yes, you can outsource a process or a department to vendors – but you can never outsource risk. No matter the vendor, they pose some level of…

Most Common Privacy Gaps

by Sarah Harvey / December 19th, 2019

As more and more governing bodies are implementing data privacy laws, it’s becoming even more important for organizations to mitigate gaps in their systems before they are met with a data breach and hefty fines. We can see the effects laws GDPR and CCPA have had on the privacy and security landscape already. Take it from British Airways’ experience – the airline was fined $228 million for leaking 500,000 customers’…

Understanding Your Audit: Locations and Sampling

by Sarah Harvey / December 13th, 2019

During the audit process, our qualified Information Security Specialists use best practices to determine the scope of the work. If you've never completed an audit, you’ve probably had questions about scoping and sampling. How many locations should be audited? Which locations are most important? How does an auditor develop a scope? What kind of sampling takes place during the audit? These are all valid questions asked by organizations undergoing an…

Most Common HIPAA Gaps

by Sarah Harvey / December 12th, 2019

It’s not uncommon for healthcare breaches to make the headlines these days. Whether it’s a major breach like Anthem’s $16 million breach or a smaller HIPAA violation such as improper disposal of secure records, healthcare organizations are falling victim to security breaches at an alarming rate. According to IBM Security’s 2019 Cost of a Data Breach Report, the highest industry average cost of $6.45 million is the healthcare industry. Do…