Researchers Struggle to Determine True Cost of Data Breaches
“Depending on the estimate, the average data breach can cost a company $7 million or $150 million. Why are data breach costs so difficult to estimate? In May, tucked away in its quarterly filing to the Securities and Exchange Commission, retail giant Target updated its running total of the cost of its 2013 holiday season […]
Average South Carolinian affected by more than 1 data breach since 2011
“The average South Carolinian has had their information stolen more than once. That’s the finding of a recent report by the state Department of Consumer Affairs, which found that at least 7.6 million South Carolinians have been affected by data breaches in the last five years.“ CHECK OUT THE FULL ARTICLE >> Author: Thad Moore, […]
Wendy’s Gives Details On Payment Card Breach
“Fast food chain reveals franchisees hit and offers support services for affected customers. Fast-food restaurant chain Wendy’s has issued details on the specific outlets that may have been impacted in its recently reported data breach. The company is offering one year of free fraud consultation and identity restoration services for affected customers.” CHECK OUT THE […]
Big Business Ransomware: A Lucrative Market in the Underground Economy
“Ransomware has hit full stride in 2016. We’re only halfway into the year and we have already experienced a surge of attacks affecting industries from healthcare to critical infrastructure. But ransomware is a threat that’s been around for a while, so why the sudden uptick of attacks?” CHECK OUT THE FULL ARTICLE >> Author: Dark Reading, […]
10 million Androids infected by Chinese malware: Report
“More than 10 million Android devices around the world have been infected with malware linked to China, according to a CNET report. CNET, citing an analysis from cybersecurity software maker Check Point, wrote that the “HummingBad” malware was developed by a team linked to an otherwise legitimate Beijing-based firm called Yingmob.” CHECK OUT THE FULL […]
Big Paydays Force Hospitals to Prepare for Ransomware Attacks
“Infected by ransomware, hospitals around the country have been forced to pay hefty sums to criminal hackers. One of the most extreme cases took place in February, when Hollywood Presbyterian Medical Center handed over $17,000 to hackers who took over its systems. Since then, two other hospitals in California, as well as in Kentucky and […]
Data Breach Costs Rise To $7M Per Incident, Study Says
“U.S. companies now pay an average of just over $7 million for a standard data breach, according to a new study from IBM and the Ponemon Institute, the second-highest average in the 11 years the two have been doing the study. In their annual Cost of Data Breach Study for the U.S., the partners found […]
Dallas-based Omni Hotels announces data breach of 50,000 credit, debit cards
“Dallas-based Omni Hotels & Resorts says it was the victim of a malware attack and data breach that impacted more than 50,000 customer credit and debit cards at 49 of the chain’s 60 locations. The data breach was detected on May 30, the company said. The company said it did not notify consumers until it […]
Your Money or Your PHI: New Guidance on Ransomware
“One of the biggest current threats to health information privacy is the serious compromise of the integrity and availability of data caused by malicious cyber-attacks on electronic health information systems, such as through ransomware. The FBI has reported an increase in ransomware attacks and media have reported a number of ransomware attacks on hospitals.” CHECK […]
Incidents of Ransomware on the Rise: Protect Yourself and Your Organization
“Hospitals, school districts, state and local governments, law enforcement agencies, small businesses, large businesses—these are just some of the entities impacted recently by ransomware, an insidious type of malware that encrypts, or locks, valuable digital files and demands a ransom to release them. The inability to access the important data these kinds of organizations keep […]