By Thomas Skoog, CISA, CISSP, Principal at Blue & Co. The manufacturing industry has seen a larger increase in the number of cyber attacks and data breaches than any other industry in the last 18 months. According to an IBM’s X-Force Threat Intelligence Index study, the manufacturing industry accounted for 25% of all cyber-attacks, outpacing […]
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By: Tom Skoog, Cybersecurity & Data Management Practice Leader “Those who fail to learn from history are doomed to repeat it.” Sir Winston Churchill This is our fifth and final article in our five-part series on the importance of incident response planning as part of your cybersecurity program. As a reminder, the concept of Incident […]
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By: Tom Skoog, Cybersecurity & Data Management Practice Leader Cybersecurity for the construction industry is a growing challenge. The industry is moving towards digital connectivity, not only across the supply chain, but also ‘on site’ as more metrics related to performance, progress, and health & safety are monitored in ‘real time.’ This increase in connectivity […]
Read MoreBy: Tom Skoog, Cybersecurity & Data Management Practice Leader This is our fourth article in a five-part series on the importance of incident response planning as part of your cybersecurity program. The purpose of an Incident Response Plan is to proactively plan the actions you will take if you are faced with a serious cybersecurity […]
Read MoreBy: Tom Skoog, Cybersecurity & Data Management Practice Leader Last month, we introduced the concept and importance of Incident Response Plans as part of overall cybersecurity. As stated previously, The National Institute of Standards and Technology (NIST) has developed a framework all incident response plans should consider, including: Preparation Detection & Analysis Containment & Eradication […]
Read MoreBy: Tom Skoog, Cybersecurity & Data Management Practice Leader Over the years, we have highlighted several steps businesses and nonprofits can take to reduce the risk of a cyberattack. Most of these initiatives previously discussed are designed to prevent or significantly reduce the chance that your organization becomes a victim of a cyberattack. However, no […]
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By: Tom Skoog, Cybersecurity and Data Management Practice Leader As the conflict between Russia and Ukraine continues, the Biden Administration issued a statement mandating the federal government strengthen its cybersecurity positions and encouraged the private sector to take similar actions. This is in reaction to an expected significant increase in cyberattacks (ransomware, data thefts, etc.) […]
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By: Tom Skoog, Cybersecurity and Data Management Practice Leader Over the last 12 months, many companies renewing their cyber insurance coverage received quotes with significantly increased rates and severely reduced coverage limits. Why? Let’s start with the history of why it was created in the first place. History of Cyber Insurance The cyber market started in the late 1990s when few companies thought […]
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According to a study by the University of Maryland, cyber-attacks happen on average every 39 seconds. Blue & Co. hosted a webinar on Tuesday, July 13 from 12:00 p.m. to 1:00 p.m. EST entitled Cybersecurity & Data Management Best Practices for Nonprofit Organizations. Andrew Brock, CPA, sat down with two of Blue & Co.’s cybersecurity and […]
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With increasing speed and consistency, data breaches and financial losses due to cybersecurity incidents are occurring across companies of all types – and small and medium-sized manufacturing companies are not exempt. Manufacturing continues to be a top target of cybercriminals. As reported in the 2019 Verizon Breach Report, the industry experienced 536 incidents, 73 with […]
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Trusted Insights from The National Bank of Indianapolis Nonprofit Services Team Not-for-profit organizations are increasingly falling victim to fraud, with a rising number of incidents and an ever-growing amount of money being lost. Fraudsters find it easy to target not-for-profits, as their publicly available 990s provide valuable information. Protecting your organization from such fraudulent activities […]
Rising interest rates and historic inflation are impacting hospital purchasing decisions. Using capital efficiency concepts in making hospital purchasing plans is as important as ever. What is Capital Efficiency? Capital efficiency refers to how effectively a hospital deploys its resources to generate returns. In the context of fixed assets and software purchases, capital efficiency involves […]
By Amy Sandlin, CPA, Tax Senior Manager at Blue & Co. A pass-through entity tax proposal is currently making its way through the Kentucky General Assembly as part of a larger tax omnibus bill (Kentucky House Bill 360). The pass-through entity (PTE) tax provisions in the bill are intended to be retroactive to January 1, […]
