Cyber Attack and Cyber Security compliance issues caused a class action lawsuit against Full Truck Alliance Co. Ltd (NYSE: YMM)
Incredible amount of reliance on cloud infrastructure, internet connectivity, and network system increased risk for cyber-attacks. Whether conducted unintentionally or deliberately, cybersecurity incidents can wreak havoc on a company’s bottom line, bringing a wide range of consequences with the capability to do long-term harm to companies big and small.
That’s the reason U.S. & Canadian Securities & Exchange Commission has required public companies to follow a particular set of guidelines and procedures to combat the countless number of cybercriminals scouring the internet in search of opportunities.
Most often the companies follow the internal audit procedure to maintain the cyber security compliance.
Recently a lawsuit file against Full Truck Alliance Co. Ltd. by shareholders as the company commitment on cyber security couldn't satisfy authorities ,which led the company shares plunge 50% within a month.
The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Full Truck Alliance Co. Ltd. (“FTA” or “the Company”) (NYSE: YMM) for violations of the federal securities laws.
Improve Cyber Security Compliance
Cyber security compliance in real time help companies to maintain the infrastructure upto date for easy reporting and management.
BIoT Security cyber security compliance model has hundreds of cyber security compliance rules implemented based on globally accepted cyber security standards which includes the following ,
Rules based real time compliance strategy
BIoT Security has hundreds of rules which comply with standard requirements, such as following rule ensure the compliance with PCI DSS
Conclusion
It’s high time to consider real time compliance rather than relying on 3rd party reports and annual reviews, which will always be based on certain checks and wont allow companies to maintain the integrity of compliance procedure even though paying tons of dollars to consulting companies.
BIoT security ensure that compliance is managed and maintained in realtime and ready to provide evidence that cyber security compliance were met all the time and every ticket issued has been resolved or tackled in a timely manner.
Contact: info@bdata.ca to know more about BIoT security
