data breach costs

Why every business needs a data security strategy

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Why every business needs a data security strategy

ThisisEngineering via Unsplash Your sensitive data is under threat. Data breaches frequently result in unauthorized access to confidential customer or employee financial and personal information. Attackers use credentials they have obtained from any number of dodgy ways to get access to a company’s network, moving laterally to extract valuable sensitive information. On the dark web, sensitive data is exchanged at a premium, with personally identifiable information, credit card information, and health data fetching a hefty…

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Data breaches: Preventing and responding

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Data breaches: Preventing and responding

It seems as though every day, there’s news of another data breach. As the threats of data breaches continue to evolve, organizations must prepare to respond. Best case scenario, organizations will take precautionary steps to prevent breaches whenever possible. But why are data breaches such a prevalent threat to the modern enterprise? Claudette McGowan, Chief Executive Officer at Protexxa, explains, “We’ve seen this rush to digitize everything. As this world is changing and going from…

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53% of survey respondents admit to paying over $500,000 ransom

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53% of survey respondents admit to paying over 0,000 ransom

Cyber-physical systems (CPS) security was analyzed in a recent report by Claroty. The findings revealed a significant financial impact, with over a quarter (27%) of organizations reporting a financial impact of $1 million or more from cyberattacks affecting CPS. Several factors contributed to these losses, the most common being lost revenue (selected by 39% of respondents), recovery costs (35%) and employee overtime (33%). Ransomware continues to play a big role in recovery costs, as over…

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Recovery point objectives 101: Planning for cyberattacks

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Recovery point objectives 101: Planning for cyberattacks

Congressional hearings regarding the UnitedHealth cyberattack that occurred earlier this year revealed that the massive security incident could cost the company a total of $1.6 billion. During testimony, UnitedHealth CEO revealed that hackers infiltrated its systems through a remote portal that wasn’t protected by multifactor authentication and other safeguards the company had in place that were designed to prevent and detect also failed. Unfortunately, there are many companies that find themselves victims of cybercrimes like…

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Verizon 2023 Data Breach Report shows rising cost of ransomware

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Verizon 2023 Data Breach Report shows rising cost of ransomware

Verizon 2023 Data Breach Report shows rising cost of ransomware | Security Magazine This website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more. …

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Why authentication is good Medicine for today’s data breach epidemic

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Why authentication is good Medicine for today’s data breach epidemic

Why authentication is good Medicine for today’s data breach epidemic | Security Magazine This website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more. …

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Why cybersecurity teams need the attacker’s perspective

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Why cybersecurity teams need the attacker’s perspective

Why cybersecurity teams need the attacker’s perspective | Security Magazine This website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more. This Website Uses…

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6 enterprise data breach and cybersecurity defenses

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6 enterprise data breach and cybersecurity defenses

<!– 6 enterprise data breach and cybersecurity defenses | Security Magazine This website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more. This Website…

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The Psychological Impact of Cyberattacks

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The Psychological Impact of Cyberattacks

<!– Listen to Bec McKeown on the psychological impacts of cyberattacks | Security Magazine This website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more….

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The ins and outs of cyber insurance

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The ins and outs of cyber insurance

The ins and outs of cyber insurance | Security Magazine This website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more. This Website Uses…

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