In their new report, CoT Partner Allianz highlights that the pandemic and the rise of cryptocurrencies have made it easier for cyber criminals to undertake ransomware attacks. That is why businesses will have to expand their cybersecurity efforts in the coming years.

Charter of Trust Partner Allianz published a new major report “Ransomware trends: Risks and Resilience”. In the report, Allianz highlights that the pandemic and the rise of cryptocurrencies have made it easier for cyber criminals to undertake ransomware attacks. Indeed, this kind of attack often comes with low risk and high financial benefits. That is why businesses will have to expand their cybersecurity efforts in the coming years.

The report finds that supply chains have emerged as key targets of ransomware attacks. This is because attacks on supply chains help cybercriminals maximize their efficiency and return on investment. At the moment, entire supply chains appear as victims of two types of attacks: attacks that target software or IT service providers, using them to spread malware, and attacks that target physical supply chains, such as critical infrastructure.

As a response to this growing threat, Allianz and its fellow Charter of Trust Partners are calling on companies to strengthen their controls and to invest more in cybersecurity.  This is an essential effort in light of the fact that the majority of ransomware attacks are generally not targeted and not very sophisticated. It has become clear, so the report confirms, that hackers will logically first hit those businesses with the weakest defences.

It is the Charter of Trust’s ambition to enable companies to protect the integrity of their data. This specifically refers to the Charter’s Principle 2 “Responsibility throughout the digital supply chain”, where CoT Partners developed the “Common risk-based approach for the Digital Supply Chain”.

We hope Allianz’s report is useful to you and you enjoy reading.

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Chairwoman Natalia Oropeza in Brandeins Magazine

We're thrilled to announce that our Charter of Trust Chairwoman Natalia Oropeza has been featured in the annual IT edition of the brand eins magazine!

In an interview with Dorit Kowitz, Natalia dives deep into the pressing issues facing the cybersecurity landscape, explaining how the Charter of Trust bundles the expertise of different businesses across several regions to stay resilient in the face of evolving threats. As Natalia Oropeza says: "We all win if cybercrime doesn’t win."

Here are three key insights from her interview:
🔑 Collaboration is essential: No single organization can tackle cyber threats alone. The Charter of Trust is a prime example that businesses nowadays are more transparent when it comes to attacks and that sharing information in this field can be beneficial.
🔑 Addressing the digital skills gap: The Charter of Trust is working to address the global shortage of cybersecurity professionals by encouraging diversity and actively promoting opportunities for women to join the field.
🔑 Unified regulations: Harmonizing global cybersecurity standards will reduce vulnerabilities, helping businesses and governments combat threats more effectively.

The full interview is available here: https://lnkd.in/gRm6ZDGC
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We are in the middle of Hashtag#CyberSecurityAwarnessMonth and many of our Charter of Trust Partners are promoting it with great initiatives. One of the programs that we want to highlight is last week’s panel organized by Allianz talking about “Security in light of (gen)AI”.

The complexity and urgency of this topic gathered a lot of interest, with 600+ attendees throughout the whole panel, which was composed of Jon-Paul Jones, COO at AZ Commercial, Firas Ben Hassan, GenAI expert & Manager of AllianzGPT at AZ Technology, Dr. Martin J. Krämer, External Security Awareness Advocate at KnowBe4, and Dr Sumit Chanda, Global CISO at Eviden & Chair of the Global External Engagement Working Group at the Charter of Trust.

We are pleased to see Dr. Sumit Chanda from Eviden bringing in his unique CISO insight on what these emerging technologies mean in day-to-day cybersecurity practices and bringing in the Charter of Trust perspective on this topic as well.

Thank you, Ervin Cihan and Haydn Griffiths for inviting other CoT Partners and for the great initiatives that Allianz is putting together within this year’s Security Awareness Month. And special thanks to Heather Armond for the great moderation.
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Detlef Houdeau, Senior Director, Business Development at Infineon Technologies was a speaker at the inaugural UK/EU Summit organized by our newest Associated Partners Shared Assessments.

💡Under the theme “Risk to Resilience” the first event of this series was held in London and brought together professionals from different industries and regions. Detlef participated in the panel about the complex regulatory landscape and emphasized that new legislation like the EU AI Act, DORA and Hashtag#NIS2 continue to push the standard of care on cybersecurity and other risks.

Thanks to Shared Assessments for organizing such an amazing event and inviting the Charter of Trust to participate in this high-class panel alongside Andrew Moyad, CEO at Shared Assessments.
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