MyCyberIQ Dark Web Monitoring contributes to organizations’ compliance security controls by mitigating multiple attack vectors. The following list summarizes a few examples.
- Roughly 80% of attacks on web applications leverage stolen credentials. MyCyberIQ Dark Web Monitoring can mitigate this by alerting when credentials are found on the Dark Web and taking preventive measures.
- 81% of hacking-related breaches leverage stolen or weak passwords. Similarly, a MyCyberIQ Dark Web Monitoring service helps protect employees’ credentials that may be exposed.
- Online banking details and payment information details are best sellers on the dark web with an average cost of 17.36 USD per stolen credit card information. Services like MyCyberIQ Dark Web Monitoring is essential to prevent fraud in this industry.
Companies usually adhere to compliance standards to demonstrate safe data handling practices. Moreover, when security controls are broken, companies are in danger of security lapses, vulnerabilities, hacks, and regulatory fines. It’s crucial to keep up with security compliances because of this.
One of the most robust compliance regulations, the General Data Privacy Law, is a European Union standard for security procedures around data privacy. It addresses the security of the company’s data, including the data of its clients and employees. According to GDPR guidelines, even a person’s name, email address, or photo can be considered personal data, and any personal data breach is unacceptable. The legal processing of data must have been disclosed to the research subject when the data was collected. Simply obtain and analyze the bare minimum of data necessary to accomplish the stated objectives. In all circumstances, personal data must be true and up to date. Only store personally identifiable data as long as it’s necessary to achieve the intended goal. Processing must be done to guarantee the requisite security, privacy, and consistency. The responsibility for ensuring compliance with each of these GDPR principles lies with the data controller.
MyCyberIQ Dark Web Monitoring enables businesses to monitor their corporate and clients’ data on the dark web to determine whether it has been exposed there or not. If they discover any of their data there, their goal is to remove it to reduce loss.
Similarly, the Health Insurance Portability and Accountability Act (HIPAA) sets the standards for protecting sensitive patient data. The increased usage and electronic exchange of medical data have increased the requirement for data security. Healthcare businesses must now fulfill these rising demands for information while abiding by HIPAA rules and safeguarding PHI to provide patients with high-quality care. Organizations that deal with individually protected health information (PHI) should implement and follow security protocols to be HIPAA Compliant.
Such companies as these use MyCyberIQ to monitor the Dark Web to ensure their employee’s and patients’ data security. Proper monitoring of employees and patient records can prevent a potential data breach or impersonation that could lead to insurance, MEDICAID, or MEDICARE fraud.
All enterprises, especially those that outsource critical business operations to third-party contractors should be concerned about information security. This is understandable given that improper data handling, particularly by app and information security providers, can expose businesses to threats, including malware installation, extortion, and data theft. SOC 2 is a compliance regulation usually adopted by service providers to demonstrate safe data handling practices.
Another popular privacy and security regulation named CMMC is a framework for cybersecurity required for US defense contractors. It combines many benchmarks and specifications to assess the cybersecurity readiness of the defense supply chain. Similarly, MyCyberIQ Dark Web Monitoring may assists here by integrating into security platforms for faster incident response, and as part of monitoring workflows for investigation and reaction that can be utilized to quickly reduce threats. The gathered data may be transferred to other platforms such as SIEM and XDR systems to provide more precise insights from the complete security stack. Compromised credentials may lead to security incidents that could jeopardize the ability to get new federal contracts and the required CMMC certification. Additionally, CMMC regulators and DoD contract stakeholders could assess the security posture of contractors by researching how much of their information has been exposed on the Dark Web.