With an additional $35.2 million, The State of New York's fiscal year 2024 budget allocation for cybersecurity marks a significant 57% rise from the previous year's $61.9 million. This pronounced increase underscores New York's prioritization of cybersecurity in the face of growing threats. Furthermore, the distinct provision of $500 million for healthcare systems emphasizes the state's focus on sectors particularly vulnerable to cyberattacks.

On the federal front, the alignment between New York's strategy and the National Cybersecurity Strategy by the White House is evident. This collaboration between the U.S. Office of the National Cyber Director and New York's government showcases the potential benefits of a unified approach to cybersecurity. While each state has its unique challenges and resources, harmonizing state strategies with national directives can lead to a more cohesive defense mechanism against cyber threats.

New York's budgetary commitment, combined with its alignment with federal initiatives, positions the state as a proactive player in the national cybersecurity arena, setting a potential model for other states to emulate.

3 Blog Post that Matter to You This Week

Risks of Hybrid Working: Cybersecurity in the New Era

As employees become comfortable in a diverse set of workspaces, ensuring their safety and implementing appropriate security protocols will be crucial.

CentraleyesMichelle Ofir Geveye

Hybrid working introduces new challenges in cybersecurity, and businesses must be proactive in addressing these risks to protect their assets, reputation, and employees. The decentralized nature of hybrid work can make it difficult to enforce consistent security measures, making businesses more susceptible to threats. Implementing robust cybersecurity protocols and fostering a security-aware culture are essential for businesses to thrive in this new era of work.

The Ultimate Guide to Risk Prioritization - Hyperproof

There are many ways to prioritize risk — but how do you know which method is right for your team? In this article, we’ll outline everything you need to know about risk prioritization, including definitions, different methods and strategies, and next steps for you and your compliance team. What is ri…

HyperproofCourtney Chatterton

Effective risk prioritization prevents serious threats from going unnoticed and unaddressed, thereby safeguarding the business. This article emphasizes that risk prioritization is not a one-time task but an ongoing process influenced by various factors such as risk attitude, severity, manageability, and cost. Businesses should be aware of this to ensure they remain resilient and prepared in the face of potential threats.

The Cost of a Data Breach Reaches an All-Time High - Rezilion

The cost of a data breach has gone up, reaching an all-time high of $4.45 million, according to IBM’s Cost of a Data Breach 2023 report.

RezilionEsther Shein

Data breaches not only tarnish a company's reputation but also result in significant financial losses. As the costs associated with breaches soar, businesses must prioritize investments in advanced security measures, including AI and automation, to safeguard their assets and stakeholders.

Have a great week,

The Cycore Secure Team

Cycore Secure partners with organizations to build cyber resilience and ensure compliance. Founded in 2022 and based in Miami, we are a security and compliance firm serving clients globally. Our founding team has decades of experience as security leaders, and compliance experts across highly regulated industries. Cycore Secure offers virtual CISO services , cyber risk assessments, compliance auditing and management for HIPAA, PCI DSS, SOC 2, and third party risk management. Learn more at cycoresecure.com or in our weekly newsletter.