Risk Management | Breaking Cybersecurity News | The Hacker News

Software-as-a-service (SaaS) applications have become the backbone of many modern businesses. With the myriad of functionalities they offer, they maximize collaboration, agility, scalability, and ultimately, profits. So it's no wonder that companies rely on an incredible hundreds of apps today, up from dozens just a few years ago. But this rapid adoption has introduced brand-new vulnerabilities and elusive blind spots. 2024 saw many attacks originating from SaaS apps including those perpetrated by nation states . And the headlines about SaaS app attacks seem to be getting more ominous if that is even possible. The culprits behind the attacks come from outsiders, insiders, third parties, and even unintentional human errors or negligence. The need to address this snowballing trend has reached a critical point. Given the scale and speed of app development and adoption, we are creating a larger attack surface for increasingly capable adversaries every day. In such a high-stakes environm

Open-source libraries allow developers to move faster, leveraging existing building blocks instead of diverting resources to building in-house. By leaning on existing open-source packages, engineers can focus on complex or bespoke elements of their products, using package managers and open-source maintainers to make it easy to pull everything together.  However, you can't deny that building software using open source makes your applications more vulnerable to security risks. In an open-source library, attackers have direct access to code, and can search for current and historical vulnerabilities, as well as any issues and tickets managed on websites such as GitHub or GitLab. This helps threat actors to quickly find packages that are vulnerable and launch an attack.  This is where Software Composition Analysis (SCA) comes in, with the purpose of scanning packages and uncovering vulnerabilities. SCA compiles and manages a catalog of software packages, alongside details such as their

Compliance professionals today are dealing with numerous challenges. At the same time, their companies face increased scrutiny and cyberthreats, and compliance teams have fewer resources and reduced headcount. It's a lot for even the most sophisticated and experienced teams to manage. As a result, compliance professionals are seeking out ways to do more with less. Sometimes the solution is utilizing technology, such as automated software tools that streamline processes or leveraging AI for greater efficiency. In other circumstances, individuals responsible for compliance are choosing an easy path to simply check the box on compliance with a flimsy, budget audit. This may be enough to get the C-suite off their back, but it leaves the company open to significant risk. Each year, A-LIGN surveys hundreds of compliance leaders to learn more about the current state of compliance and better understand the factors that impact their decisions. What are the driving forces behind their complia

In today's digital age, financial institutions are tasked with the critical mission of upholding high standards of service, continuity, and resilience while combatting evolving cyber threats. The ability to innovate and enhance the security of digital financial services is essential for growth, differentiation, and for building trust with customers. To address these challenges, financial institutions must establish and maintain robust security processes and adapt their cyber defenses continuously. One key regulatory initiative designed to assist financial institutions in enhancing their operational resilience and cybersecurity posture is the Digital Operational Resilience Act (DORA). Understanding DORA The  Digital Operational Resilience Act  (Regulation (EU) 2022/2554) is a pivotal regulatory framework that focuses on digital operational resilience within financial services. Representing the EU's primary regulatory initiative on operational resilience and cybersecurity, DO