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Join the Cybersecurity and Incident Response Group on LinkedIn2021 Data Breach Outlook | Cyber Risk | Kroll
Industries most impacted in 2019 continued to be hard hit in both 2020 and so far in 2021, including healthcare, education and financial services. However, the greatest percentage increases occurred in industries that had been generally spared in 2019. The overall implication is that data attacks became broader and deeper during the pandemic, a trend […]
Most Victim Organizations Suffer Second Intrusion Within a Year – Infosecurity Magazine
Security experts have warned victims of sophisticated cyber-attacks not to think of intrusions as a one-off event, as a majority of organizations end up getting hit again within the year. CrowdStrike compiled an analysis of its own incident response and managed services engagements in 2020, to produce the CrowdStrike Services Cyber Front Lines Report. It warned […]
Global cybercrime losses rapidly approaching trillion-dollar mark – McAfee report
Global losses from cybercrime are close to becoming a ‘trillion-dollar’ shackle that is weighing down the global economy, with the annual global cost of cybercrime pegged at $945 billion – or 1% of the entire world’s GDP. These are some of the figures from McAfee’s The Hidden Costs of Cybercrime report, conducted in partnership with […]
Keeping Data-Breach Reports Confidential After Capital One
When U.S. Magistrate Judge John Anderson ordered[1] Capital One Financial Corp. to turn over a post-breach digital forensics report to the consumer plaintiffs in the multidistrict litigation relating to the bank’s July 29, 2019, data breach,[2] the decision sent shock waves through the community of legal and forensic firms that help companies respond to cyberattacks. […]
Council Post: What Is The Cost Of A Data Breach?
The Department of Homeland Security defines a data breach as “the unauthorized movement or disclosure of sensitive information to a party, usually outside the organization, that is not authorized to have or see the information.” Our researchers have investigated what the real-world cost of a data breach is in terms of fiscal implications, business impact […]
July 2019 Privacy and Cybersecurity Enforcement: Lessons for Management and Directors | Cleary Cybersecurity and Privacy Watch
In late July 2019, U.S. federal and state regulators announced three headline-grabbing data privacy and cybersecurity enforcement actions against Equifax and Facebook. Although coverage of these cases has focused largely on their striking financial penalties, as important are the terms the settlements imposed on the companies’ operations as well as their officers, directors, and compliance […]
As Cyberattacks on Business Grow, General Counsel Are ‘Thirsty’ for More Details | New Jersey Law Journal
The rate of cyber-related suspicious activity reports has grown to nearly 80,000 per year, according to Kenneth Blanco, director of the Financial Crimes Enforcement Network in the U.S. Treasury Department. That number includes 13,500 reports per year on suspicious business email alone, up 95% from 2016. Phishing and other email schemes “are among the growing […]
California experienced more data breaches than any other state in the past decade: report | TheHill
The report, published Thursday by consumer group Comparitech, found that data breach incidents in California led to 5.6 billion personal records being exposed. Oregon came second on the number of records exposed at around 1.3 billion, while New York ranked second on the number of data breaches, at 729. via California experienced more data breaches than any other […]
Carbon Black Threat Report Details Cyberattacks Targeting the Healthcare Industry Nasdaq:CBLK
Among the key findings from the report: 83% of surveyed healthcare organizations said they’ve seen an increase in cyberattacks over the past year Two thirds (66%) of surveyed healthcare organizations said their organization was targeted by a ransomware attack during the past year Two thirds (66%) of surveyed healthcare organizations said cyberattacks have become more […]
Report: Data Breaches Will Be the Next Trend in Class Action Litigation | Corporate Counsel
The next wave of class action lawsuits will be the result of massive data breaches, according to the eighth annual Carlton Fields Class Action Survey released Tuesday. The survey is based on interviews with general counsel or senior legal officers at 395 Fortune 1000 companies in the U.S. In 2017, 28.9 percent of corporate counsel […]
Most Firms Still Unprepared To Respond To Cyber Security Incidents: Study – CXOtoday.com
A new study, conducted by the Ponemon Institute on behalf of IBM, found that a vast majority of organizations surveyed are still unprepared to properly respond to cybersecurity incidents, with 77% of respondents indicating they do not have a cybersecurity incident response plan applied consistently across the enterprise. via Most Firms Still Unprepared To Respond […]
Data breaches up 400 percent, 15 billion records compromised: report | SC Media
The number of data breaches increased more than 400 percent in 2018 exposing almost 15 billion records, according to the identity intelligence company 4iQ. The company’s annual report confirmed 12,440 new breaches, a 424 percent increase compared to 2017, and of the 14.9 billion records compromised, 3.6 billion were confirmed real and exposed for the […]
Senate Report Highlights Equifax ‘Neglect’ Before Data Breach (1)
Equifax Inc.’s years-long failure to prioritize cybersecurity left the company vulnerable to a data breach that exposed more than 145 million Americans’ personal information, a Senate subcommittee said in a bipartisan staff report. The report comes amid a series of high-profile data breaches involving Equifax and other companies that the Senate Homeland Security and Governmental […]
Cyber-Security Reports Reveal Growing Worries About Cyber-Risks
Nine different cyber-security reports released the week of Feb.19 – 23 show a rising volume of cyber-threats, though not all organizations are preparing for the right types of attacks. via Cyber-Security Reports Reveal Growing Worries About Cyber-Risks
Winning US Is Top in Corporate Data Breach Costs Thanks to Legal | Legaltech News
Implementing cybersecurity controls can be expensive and frustrating for companies, but dealing with the fallout from a breach is inevitably far more costly. And nowhere is that more evident than in U.S. corporations, which hold the distinction of having the highest data breach financial liabilities worldwide, according to the 2017 Cost of Data Breach Study. […]