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Dive Brief:  The financial impact of phishing attacks quadrupled over the past six years, with the average cost rising to $14.8 million per year for U.S. companies in 2021, compared with $3.8 million in 2015, according to a study from the Ponemon Institute on behalf of Proofpoint released Tuesday. Researchers surveyed 591 IT and IT security professionals. Companies spent almost $6 million per year on business email compromise (BEC) recovery, which includes about $1.17 million…

A secret watchlist of suspected terrorists maintained by the FBI was exposed online after a configuration error and then not fixed for several weeks after being reported, according to Comparitech. Head of security research at the firm, Bob Diachenko, said he discovered the Terrorist Screening Center (TSC) list on July 19, when the exposed Elasticsearch server was indexed by search engines Censys and ZoomEye. The list was left online without a password or any other authentication…

For a while, privacy in Q2 was looking like it would follow the season’s idiomatic rule: in like a lion, out like a lamb. But it came roaring back in June with a new U.S. state law, EU adequacy decisions, a new EU data transfer mechanism, and more. As we look back over the second quarter of 2021, several important developments are worth noting. U.S. State Privacy Overall, the short legislative season proved to be…

 Business email compromise (BEC) and ransomware attacks prove most costly phishing threats to large businesses SUNNYVALE, Calif., August 17, 2021 – Proofpoint, Inc. (NASDAQ: PFPT), a leading cybersecurity and compliance company, and Ponemon Institute, a top IT security research organization, today released the results of a new study on the Cost of Phishing. The report reveals that the cost of phishing attacks have almost quadrupled over the past six years, with large U.S. companies losing an average…