Data Breach, Vulnerability Data on Track to Set New Records in 2017
“There are so far 1,254 publicly reported data breaches and 4,837 published vulnerabilities in the first quarter of this year. Enterprise security executives looking for metrics to justify their budgets to top management should have plenty of material to choose from for the rest of year. Two reports from Risk Based Security this week show […]
Molina Healthcare, top Obamacare insurer, investigates data breach
“Molina Healthcare, a major insurer in Medicaid and state exchanges across the country, has shut down its online patient portal as it investigates a potential data breach that may have exposed sensitive medical information. The company said Friday that it closed the online portal for medical claims and other customer information while it examined a […]
Chipotle’s data breach affects customers nationwide
“Following a series of food-safety issues in 2015 and 2016, the company has been hit by another controversy: a security breach that’s affected its chains nationwide. The company says hackers stole customer payment data from most of its 2,250 restaurants between March 24 and April 18. Reuters reported that the stolen data includes account numbers […]
British Airways: Thousands disrupted as flights axed amid IT crash
“Serious problems with British Airways’ IT systems have led to thousands of passengers having their plans disrupted, after all flights from Heathrow and Gatwick were cancelled. Passengers described “chaotic” scenes at the airports, with some criticising BA for a lack of information. The airline has apologised, and told passengers not to come to the airport. […]
STUDY REVEALS MORE THAN 50% OF SMBS HAVE EXPERIENCED A DATA BREACH IN PAST YEAR
A new study on the topic of Cybersecurity and the proliferation of cyberattacks against Small and Medium-Sized Businesses (SMB) was released this last year. Historically, criminals would focus attacks on larger enterprise level organizations in an effort to reap a much larger reward. However, the level of technical expertise needed to infiltrate these companies’ security […]
Cybersecurity spending outlook: $1 trillion from 2017 to 2021
“Worldwide spending on cybersecurity is predicted to top $1 trillion for the five-year period from 2017 to 2021, according to the Cybersecurity Market Report, published by Cybersecurity Ventures. “IT analyst forecasts are unable to keep pace with the dramatic rise in cybercrime, the ransomware epidemic, the refocusing of malware from PCs and laptops to smartphones […]
Target Reaches $18.5M Settlement on Breach
“Target Corp. has reached an $18.5 million settlement over a massive data breach that occurred before Christmas in 2013, New York’s attorney general announced Tuesday. The agreement involving 47 states and the District of Columbia is the largest multistate data breach settlement to date, Attorney General Eric T. Schneiderman’s office said. The settlement, which stipulates […]
Huge database leak reveals 1.37 billion email addresses and exposes illegal spam operation
“A faulty backup has inadvertently exposed the entire working database of notorious spam operator River City Media (RCM). In all, the database contains more than 1.37 billion email addresses, and for some records there are additional details such as names, real-world addresses, and IP addresses. It’s a situation that’s described as “a tangible threat to […]
‘Cyber Crime Is The Greatest Threat To Every Company In The World’
“The British insurance company Lloyd’s estimates that cyber attacks cost businesses as much as $400 billion a year, which includes direct damage plus post-attack disruption to the normal course of business. Some vendor and media forecasts put the cybercrime figure as high as $500 billion and more. Then there’s the hacks and breaches which go […]
Top 5 cybersecurity facts, figures, and statistics for 2017
1. Cybercrime damage costs to hit $6 trillion annually by 2021. It all begins and ends with cybercrime. Without it, there’s nothing to cyber-defend. The cybersecurity community and major media have largely concurred on the prediction that cybercrime damages will cost the world $6 trillion annually by 2021, up from $3 trillion just a year […]