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In Verizon’s just-released 2023DataBreach Investigations Report, money is king, and denial of service and social engineering still hold sway. The post Verizon 2023 DBIR: DDoS attacks dominate and pretexting lead to BEC growth appeared first on TechRepublic.
My Predictions for Cybersecurity in 2023 were… Technology enables opportunities as fast as it introduces threats. Unsurprisingly, cyberattacks and databreaches show no signs of slowing as companies invest in technology to fuel growth, enhance customer experiences, support remote and hybrid workforces, and meet ESG goals.
The end result of these types of cyber attacks are often highly public and damaging databreaches. 1 in 4 Americans reported that they would stop doing business with a company following a databreach, and 67% of consumers reported a loss of trust in an organization following a breach. What Are DataBreaches?
According to IBM’s recently released “Cost of a DataBreach” statistics report, the average financial toll of a databreach has surged to an unprecedented $4.45 Regional Disparities in DataBreach Costs The United States emerges with a significantly higher average cost of $9.4
With more and more organizations embracing digital transformation and accelerating their pace to digitize every piece of information, they become increasingly vulnerable to sophisticated cyber-attacks and databreaches. With the global spend on digital transformation slated to reach a whopping $2.3
In its 2022 Cost of a DataBreach Report , IBM found that organizations deploying security AI and automation incurred $3.05 million less on average in breach costs – the biggest cost saver found in the study. According to the study, organizations using security AI and automation detected and contained breaches faster.
from 2023 to between $5.23 Any operational downtime or even worse data loss due to a databreach could significantly impact customer loyalty and their highly anticipated holiday season revenues. According to a recent study, the average cost of a retail databreach in 2024 is reported to be $3.48
from 2023 to between $5.23 Any operational downtime or even worse data loss due to a databreach could significantly impact customer loyalty and their highly anticipated holiday season revenues. According to a recent study, the average cost of a retail databreach in 2024 is reported to be $3.48
Predicting that more enterprises will suffer a cloud databreach in 2022 is not exactly going out on a limb. Migrating IT systems and applications out of the data center to cloud computing platforms is a tenet of an effective digital transformation strategy.
The Oregon Consumer Privacy Act (OCPA) is a state privacy law that sets guidelines for how businesses should collect, use, and protect the personal data of Oregon residents. to ensure that organizations handle data ethically and transparently. The act aligns with broader privacy frameworks across the U.S.
A Look at Some Numbers 31% of the participating European insurance firms were utilizing AI across the entire value chain, and another 24% were in the “proof of concept” stage, according to EIOPA’s 2018 thematic study on the use of bigdata analytics in health and auto insurance. Ready for some more numbers?
Network Encryption Keeps Our Data in Motion Secure for Business Services madhav Tue, 07/25/2023 - 04:59 The demand for high-speed networks and fast data transfers is increasing due to cloud adoption, digital transformation, and hybrid work.
But when securing your cloud environments, don’t worry about ransomware — worry about the misconfigurations that lead to devastating databreaches. In just the past year, 36% of companies suffered a serious cloud security leak or breach due to cloud misconfiguration, according to The State of Cloud Security 2021 Report.
The Evolving Cybersecurity Threats to Critical National Infrastructure andrew.gertz@t… Mon, 10/23/2023 - 14:07 Cyberattacks on critical vital infrastructure can have disastrous results, forcing governments and regulatory bodies to pay close attention to intensifying the efforts to safeguard these industries.
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