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March 26, 2020
Why a GRC Software Solution Is Vital For Your Business
As we see from the 2019 Cost of a Data Breach Report, more than 500 companies around the world suffered a breach over the past year. Organizations are now creating an urgent demand for reliable, feature-rich, and trusted solutions that meet the GRC (governance, risk, and compliance) regulations, forecast risks, identify problems and mitigate them before they happen.The report data is based on hundreds of cost factors, including legal, regulatory, and technical procedures to the loss of brand equity, customers, and human productivity. The highlights from this year’s report include:For the last nine years, the healthcare industry suffered the highest cost of a breach—almost $6.5 million on average (60% more than other sectors in the survey). Over 50% of data breaches were caused by malicious cyberattacks and cost $1 million more on average than those that resulted from accidental causes. Big breaches of more than 1 million data records cost companies approximately $42 million in losses, and breaches of 50 million data records can cost companies $388 million. Companies that have an incident response team have reduced those costs to $1.23 million on average. The average price of a breach in the US is $8.19 million, more than double the worldwide average.Another report from IBM Security and Ponemon Institute examined the financial consequences of a data breach and how companies can reduce the impact.An effective GRC platform helps companies to identify the risks before they occur, centralize the entire program in one place, and integrate risk management across all business procedures.
#Article #FinTech #Healthcare #Machine Learning #Software Development
March 13, 2020
Boosting Your Software Testing Life Cycle
The software testing life cycle is undergoing a significant shift. And to keep pace, team leaders and executives need to “reboot” the existing specialists and hire new talent. The World Quality Report also stated that testing and QA is no longer a closing phase, but a process that emerges in parallel with development. 2020 is the year that we’re going to see the introduction of a more intelligent, self-sustaining, flexible ecosystem that stays in-line with changes.  То have a better understanding of the testing itself, let us dig deeper into the basics of the process and identify its key milestones. By definition, the software testing life cycle (STLC) is a sequence of different activities conducted during the software testing process. Typically, STLC is characterized as follows:STLC is an essential part of the software development life cycle (SDLC), but STLC refers only to the testing phases. STLC begins as soon as requirements are defined and stakeholders share a software requirement document. STLC requires a step-by-step process to ensure high-quality software.While the software product or the application is under development, the test team analyzes and describes the scope of testing, entry and exit criteria, and the test cases. It helps to save the test cycle time and dramatically enhances product quality. Once the development phase is over, the test team is ready with test cases and starts the execution to find bugs as early as possible.
#Article #QA & Testing