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A Paradigm Shift: Securing Data to Reduce the Impact of Breaches The cost of data breaches has been increasing consistently over the years, with the average cost per incident reaching nearly $4.5 million globally, according to IBM’s latest “Cost of a Data Breach Report.” While the theft of data is an obvious consequence of a…
The Rising Cost of Data Breaches and the Paradigm Shift in Security The Cost of Data Breaches According to IBM’s latest “Cost of a Data Breach Report,” the average cost of a data breach has risen to nearly $4.5 million per incident globally. While the theft of data is the most obvious consequence of a…
The Frequency and Impact of Data Breaches: A Shift in Public Attention and the Role of NIST The Erosion of Public Attention on Data Breaches In recent years, data breaches similar in scope and size to those that once dominated public attention have seemingly lost their impact. Unlike in the past, when breaches like Snowden‘s…
Cybercrime Australian Lender Latitude Financial Reports AU$76 Million Cyberattack Costs The Impact of the Cyberattack Australian financial services company, Latitude Financial, recently reported that a cyberattack earlier this year has cost the company AU$76 million (roughly US$50 million) in pre-tax costs and provisions. This attack was carried out by a ransomware group and exposed information…
The Human Element: A Key Factor in Data Breaches, According to Verizon’s 2023 DBIR Verizon’s recently released 2023 Data Breach Investigations Report (DBIR), based on the analysis of over 16,312 security incidents and 5,199 confirmed data breaches, revealed that 74% of data breaches in the past year involved the human element. This was mainly caused…
Tel Aviv Stock Exchange deploys CardinalOps platform for cybersecurity CardinalOps, a detection posture management company, announced that the Tel Aviv Stock Exchange (TASE) has adopted its platform to audit and fix coverage gaps in its Splunk Enterprise Security (ES) platform, reducing the risk of undetected attacks in the Security Operations Center (SOC). TASE is a…
Save Time on Network Security With This Guide In today’s digital age, network security has become a top priority for individuals and businesses. The increasing number of data breaches and cyberattacks have raised alarm among regulators and businesses alike. According to a report by Meta Research, the global average cost of a data breach is…
Cybercrime: US Teenager Indicted for Credential Stuffing Attack on Fantasy Sports Website The Details On May 19, 2023, Ionut Arghire reported an alleged cybercrime perpetrated by a Wisconsin teenager, Joseph Garrison. Garrison is accused of launching a credential stuffing attack on a fantasy sports and betting website, resulting in around 60,000 user accounts being affected….