It’s a natural side effect of doing business. Your business is no different. Some mistakes are greater than others, however the focus should be fixated on what you do with the knowledge you’ve gained from the failures you have experienced. They say failure is the mother of success.
SolarWinds has carved out a niche for itself as a premier provider of IT monitoring solutions, with its flagship product, Orion, being central to its offerings. However, the company’s lack of comprehensive risk management procedures contributed to one of the most significant cybersecurity breaches in recent times. The attack, which rooted through a supply chain vulnerability within the Orion software, not only highlighted the sophistication of modern cyber-espionage efforts, presumably to benefit foreign interests, but also exposed glaring deficiencies in SolarWinds’ cybersecurity and risk management framework. The breach’s fallout was monumental, affecting over 18,000 customers, including key U.S. institutions, and stirring a whirlwind of legal and regulatory repercussions, including SEC investigations and multiple lawsuits.
Lack of robust detection mechanisms and a delayed response highlight significant gaps in cybersecurity risk management frameworks, emphasizing the importance of continuous monitoring and evaluation.
This healthcare giant, widely recognized for its extensive services, encountered a cybersecurity debacle that compromised the personal and medical information of nearly 2.8 million individuals. This incident not only exposed the sensitive data of millions but also cast a spotlight on systemic deficiencies in Banner Health’s cybersecurity approach, such as inadequate risk analysis, deficient system monitoring, and insufficient technical safeguards. Consequently, a $1.25 million settlement and the introduction of a comprehensive corrective action plan (CAP) by the Office of Civil Rights (OCR) highlighted the critical necessity for healthcare organizations to proactively manage cyber risks and enforce robust risk management practices to avert similar threats
Inadequate risk assessment procedures led to oversights in identifying critical vulnerabilities within Banner Health’s IT infrastructure, significantly impacting the confidentiality, integrity, and availability of electronic Protected Health Information
need to update!
need to update!
If you’re looking to bridge the gap between technology and operational excellence for your business, CREO Technology Services, Inc. is your go-to partner. Founded on the principle of making technology a pivotal element of business strategy, CREO specializes in transforming businesses through strategic IT consultancy. Whether you’re aiming to integrate cutting-edge IT solutions into your operations, enhance your competitive edge, or streamline your processes for better efficiency, talking to the experts at CREO can set you on the right path.
We are not just consultants; we are visionary partners dedicated to redefining the role of IT in your enterprise, ensuring it drives value and contributes directly to your success.
We provide a holistic approach to integrating technology into your business strategy. As your visionary partner, we are committed to leveraging IT as a core driver of success in your organization and your business.
To avoid falling into the common pitfall of viewing IT as just a support function rather than a core aspect of your business strategy, it’s crucial to shift your perspective on how technology can serve your organization. We stand beside you not just as consultants but as visionary partners wholly committed to guiding your business towards placing IT at the very heart of your operations.
Act now, or pay later—with each passing moment, unseen risks grow, widening the gap between risk and recovery.
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