Cybersecurity breaches can be devastating for both individuals and businesses alike. While many people tend to focus on understanding how and why they were targeted by such breaches, there’s a larger, more pressing question: What is the true financial impact of a cyberattack? According to research by Cybersecurity Ventures, the global cost of cybercrime is […]
A malware attack can cause security breaches, shut down company operations for extended periods, destroy hardware and cost the company money to fix infected equipment and to remove the virus. Even popular servers like Linux, which does not have virus protection software through Red Hat, are prone to attacks. Malware often enters a system undetected. […]
Dive Brief: A cyber event — such as ransomware, data breaches and IT disruptions – has become the top concern for U.S. businesses, replacing business interruption, according to the annual Allianz Risk Barometer, released Tuesday. Cyber events are a leading global concern of businesses for the third-consecutive year, Allianz found. Business interruption and natural catastrophes […]
UK law firms are falling victim to data breaches primarily because of insiders and human error, according to an analysis of data from the the Information Commissioner’s Office (ICO). NetDocuments examined data from the ICO covering Q3 2022 to Q2 2023 and found that 60% of data breaches in the UK legal sector were the […]
Notable security breaches have bypassed MFA to compromise taxi broker Uber, games company EA, and authentication business Okta, according to SE Labs. CISOs must bolster MFA protections SE Labs advised CISOs to step-up their efforts against attacks on systems protected by MFA in response to increased attacker activity to exploit failure points. As is often […]
The number of cyber breaches targeting organizations’ supply chains continues to rise, with an average 4.16 breaches reported to be negatively impacting operations this year — a 26% increase from the mean number of 3.29 breaches in 2022, according to BlueVoyant. “Attacks targeting external vendors and partners are a constant threat,” said Joel Molinoff, BlueVoyant’s […]
Dive Brief: Cyberattacks and data breaches are exposing personal data at an ever-growing rate, according to an Apple-commissioned study conducted by Stuart Madnick, professor of IT at Massachusetts Institute of Technology, published Thursday. More than 2.6 billion personal records were compromised in 2021 and 2022, and the number of records breached jumped 36% in 2022 […]
A Cambridge NHS trust has admitted two historic data breaches, stemming from the accidental disclosure of patient data in Excel spreadsheets in response to Freedom of Information (FOI) requests. Cambridge University Hospitals NHS Foundation Trust CEO, Roland Sinker, revealed the news yesterday, explaining that the first incident occurred in 2021 but had only “recently” come […]
Ransomware breaches have cost the US economy tens of billions of dollars in downtime alone over the past seven years, according to new research from Comparitech. The consumer awareness firm analyzed data on all known ransomware attacks affecting medical organizations between 2016 and mid-October 2023, looking at specialist IT news, data breach reports and state […]