Security News
SafeGuard Cyber announced the results of a survey of 600 senior enterprise IT and security professionals, conducted to understand how businesses rate their own security and compliance risks in the new digital reality of the workplace brought by the COVID-19 pandemic. "Everyone in business understands the pandemic has had a seismic impact, but we were still surprised to learn how vulnerable organizations feel about the digital technologies they've adopted," said Jim Zuffoletti, CEO, SafeGuard Cyber.
Orca Security announced the second generation of its cloud security platform, featuring unique capabilities built specifically to respond to the public cloud security and compliance needs of global financial services customers. "The rapid digitization of services coupled with increased cloud adoption opens financial organizations to incredible risk. With Orca Security, they gain the full cloud coverage and insights they need without agents to maximize compliance and security confidence to meet the tsunami of regulations on the horizon."
Behavox announced that Danske Bank has successfully implemented Behavox's solution in less than five months for compliance supervision. In June, Danske Bank partnered with Behavox to establish group wide compliance communications monitoring, and has since completed a seamless, full SaaS implementation of the Behavox Compliance solution.
Organizations are struggling to keep up with IT security and privacy compliance regulations, according to a Telos survey. The survey, which polled 300 IT security professionals in July and August 2020, revealed that, on average, organizations must comply with 13 different IT security and/or privacy regulations and spend $3.5 million annually on compliance activities, with compliance audits consuming 58 working days each quarter.
Shujinko launched AuditX, a SaaS platform that simplifies, automates and modernizes the enterprise cloud security compliance audit process to make it up to 3x faster and dramatically simpler. Simultaneously, the company announced its Automated Evidence Collection Engine, the industry's first platform for automatically orchestrating, collecting and transforming compliance evidence directly from public cloud platforms and other SaaS systems.
ACA Compliance Group announced the launch of its enhanced anti-money laundering solution. "Carlo Di Florio, Global Chief Services Officer, ACA Compliance Group, said:"With AML in the news and a continued priority for regulators and enforcement authorities around the globe, firms need to ensure their AML program is effective.
COVID-19 has accelerated the push toward digital business transformation for most businesses, and legal and compliance leaders are under pressure to anticipate both the potential improvements and possible risks that come with new legal technology innovations, according to Gartner. To address this challenge, Gartner lists the 31 must watch legal technologies to allow legal and compliance leaders to identify innovations that will allow them to act faster.
Virtustream announced xStreamCare Services for Security and Compliance, bringing together advanced security management and monitoring, expert consulting services, and its innovative Trust Platform - a unified, security and compliance management platform. Virtustream's latest security solutions provide near real-time visibility into security alerts, intrusion attempts, open vulnerabilities, log analytics, policy management and entitlements across Virtustream's Enterprise Cloud and Healthcare Cloud platforms, enabling enterprises to achieve a more proactive security posture to protect their business' IT assets, applications and data.
With many companies struggling to retain qualified CISOs or security managers, the lack of long-term security thinking is severely impacting sustained compliance within the Payment Card Industry Data Security Standard. Additional findings shine a spotlight on security testing where only 51.9 percent of organizations successfully test security systems and processes as well as unmonitored system access and where approximately two-thirds of all businesses track and monitor access to business critical systems adequately.
After several months of working from home, with no clear end in sight, financial risk and regulatory compliance professionals are struggling when it comes to collaborating with their teams - particularly as they manage increasingly complex global risk and regulatory reporting requirements. "During the pandemic, financial firms quickly adapted to major changes, although not without some operational and technology weaknesses emerging," said Alex Tsigutkin, CEO AxiomSL. "Indeed, businesses might never return to the 'old normal', and that has made building data- and technology-driven resilience much more pressing than before the crisis. Our clients have been experiencing heightened regulatory pressures," he continued.