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SecurityScorecard Threat Research: 21% of S&P 500 Companies Reported Breaches in 2023According to the latest threat research from SecurityScorecard, 21% of S&P 500 companies experienced breaches in 2023. The new S&P 500 Cyber Threat Report details emerging trends and strategies for Chief Information Security Officers (CISOs). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240403448947/en/ (Graphic: Business Wire) In fall 2023, the U.S. Securities and Exchange Commission (SEC) adopted landmark cybersecurity regulations, requiring publicly disclosing "material" cybersecurity incidents within four days. Previously, there were very few breach reporting requirements, which left government officials, policymakers, and investors without key information on cybersecurity incidents. Dr. Aleksandr Yampolskiy, CEO and Co-Founder, SecurityScorecard, stated: "Regulatory pressure continues to grow, and companies need a unified definition of cybersecurity due diligence with clear metrics. Just as credit scores standardized the financial world, companies need a universal framework to measure cybersecurity risk and define materiality." Against the backdrop of these regulatory headwinds, SecurityScorecard STRIKE threat hunters analyzed the security ratings of S&P 500 companies to find ways to improve the security of key players in the U.S. economy. Key findings
Ryan Sherstobitoff, Senior Vice President of Threat Research and Intelligence, said: "Companies are prioritizing vendor oversight after major supply-chain cyber attacks have affected thousands of businesses and breached data on millions of customers. The strength of a company's cybersecurity is directly linked to the security measures of even its smallest vendors." Additional resources
About STRIKE The STRIKE threat intelligence team combines unique threat intelligence, incident response experience, and supply chain cyber risk expertise. Backed by SecurityScorecard technology, STRIKE is a strategic advisor to CISOs worldwide. STRIKE threat research empowers organizations to understand supply chain cyber risk and adversary attribution. About SecurityScorecard Funded by world-class investors, including Evolution Equity Partners, Silver Lake Partners, Sequoia Capital, GV, Riverwood Capital, and others, SecurityScorecard is the global leader in cybersecurity ratings, response, and resilience, with more than 12 million companies continuously rated. Founded in 2013 by security and risk experts Dr. Aleksandr Yampolskiy and Sam Kassoumeh, SecurityScorecard's patented security ratings technology is used by over 25,000 organizations for enterprise risk management, third-party risk management, board reporting, due diligence, cyber insurance underwriting, and regulatory oversight. SecurityScorecard makes the world safer by transforming how companies understand, improve, and communicate cybersecurity risks to their boards, employees, and vendors. SecurityScorecard achieved the Federal Risk and Authorization Management Program (FedRAMP) Ready designation, highlighting the company's robust security standards to protect customer information, and is listed as a free cyber tool and service by the U.S. Cybersecurity & Infrastructure Security Agency (CISA). Every organization has the universal right to its trusted and transparent Instant SecurityScorecard rating. For more information, visit securityscorecard.com or connect with us on LinkedIn.
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