Since its founding in 1990, the McKinsey Global Institute (MGI) has sought to develop a deeper understanding of the evolving global economy. As the business and economics research arm of McKinsey & Company, MGI aims to provide leaders in the commercial, public, and social sectors with the facts and insights on which to base management and policy decisions.

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Securing Federal networks has never been more important. Federal agencies maintain the personal information of millions of Americans who have no say in how that information is maintained and protected. Despite legal requirements for Federal agencies to secure their networks, they repeatedly fail to do so—this includes not implementing basic cybersecurity hygiene practices and protecting the sensitive information entrusted to them.

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Risk assessment is a legal requirement, and if you employ five or more people you must record the significant findings of the assessment. But it is not difficult and you do not need to buy external advice to help you with it. You know your business better than anyone else.

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Contactless payments have been emerging as a credible and innovative payment option for quite some time now. With the onset of COVID-19, digitalisation has been pushed to the top gear. Globally, the concerns of infection and role of fomites in the spread, underlined the need for contactless payments. Contactless payments have been found to relieve the users from cognitive burden and minimizes friction in processing transactions quite significantly.

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This document presents a risk assessment process this is designed to enable agencies to systematically identify, analyse and evaluate the information security risks associated with an information system or service together with the controls required to manage them. (more…)