CyberGate IT

Equifax Faces Multibillion-Dollar Lawsuit Over Hack

A proposed class-action lawsuit was filed against Equifax Inc. late Thursday evening, shortly after the company reported that an unprecedented hack had compromised the private information of about 143 million people. In the complaint filed in Portland, Ore., federal court, users alleged Equifax was negligent in failing to protect consumer data, choosing to save money … Read more

Equifax Inc., Cyber-attack & Breach

Equifax Inc. said its systems were struck by a cyber-attack that may have affected about 143 million U.S. customers of the credit reporting agency, shedding light on one of the largest and most intrusive breaches in history. Intruders accessed names, Social Security numbers, birth dates, addresses and driver’s license numbers. Read more details here. Author:Brian … Read more

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 … Read more

‘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 … Read more