Understanding Third Party Risk

If you know anything about cyber security, you are probably well aware of the 2017 data breach at Equifax that exposed the sensitive financial and personal data of roughly 150 million Americans. But did you know that it wasn’t directly caused by a flaw in Equifax’s cyber security? The hackers were able to access Equifax’s […]

Review and summary of 2021 IBM Cost of Data Breach Report

IBM’s data breach report is a leading cyber security report. In its 17th year edition, it has unveiled some of the most surprising impacts of a data breach in the current and past years. It offers IT managers and security leaders plenty of insight into the factors that help mitigate the rising cost of data […]

Cyber Crime is on the Rise with Many Small Businesses at Risk of Cyber Threats

With small businesses becoming more reliant on a digital landscape, products and services are more accessible to customers, but cyber threats are a growing cause for concern. Not only can understanding the world of cybercrime be difficult for those who aren’t familiar with the nuances of the internet, but it can also be costly for […]

Risk Management and AI: A Necessary Alliance

Provata AI - Risk Management

Managing Business Risks Using Technology Recently, a team at AXA XL – a global insurance giant that specializes in cargo – was struggling to understand how external influences were adding risk to the process of insuring their customer’s products: specifically, the quality of the container cargo that their clients transported. Cargo loss was a significant […]

3 Reasons Why Third-party Cyber Risk Assessment is so Critical

3 Reasons Why Third Party Cyber Risk Assessment is so Critical

3 Reasons Why Third-party Cyber Risk Assessment is so Critical “In my opinion, third-party risk is the biggest risk facing organizations right now. Most businesses simply don’t have the capacity to do their due diligence on third-parties, and it only takes one bad apple in the supply chain to create huge risks.” Charles Denyer, co-founder […]

Business Threats Can’t Be Solved Without Artificial Intelligence

Provata AI - managing business threats with artificial intelligence

In a 2012 article by the New York Times, Gary King, director of Harvard’s Institute for Quantitative Social Science, made a bold prediction at the time when he said that “the march of quantification, made possible by enormous new sources of data, will sweep through academia, business and government. There is no area that is […]

AI Can Help Fight Cyber Attacks

Provata - Cyber Technician in Server Room

The ability to proactively identify anomalous activity and potential attacks before they can do major damage is one of the biggest benefits of tech-driven cybersecurity. In a report published earlier this year, Siemens provided a thorough analysis on why companies are lagging behind when it comes to building strong defenses against cyberattacks, and their clearest […]

Managing Supply Chain Risk in a Post-COVID World

Provata AI - Managing Supply Chain Risk in a Post-COVID World

Although the full effects of the pandemic are still unknown, it is never too early to start mapping out what the future might hold for our supply chains, and how to manage risk within them. Early research and analysis is encouraging, pointing towards companies across industries making major changes in the way they adapt supply chains to be more conscious of the known and unknown risks that they face.