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In a new FORM-8K filing with the SEC, the company announced that it had restored operations quickly after a cyberattack, but confirmed that attackers stole files containing personal data from some clients end-users. So far, the stolen data hasnt appeared on the dark web or publicly released. ” reads the FORM-8K filed with SEC.
As we approach 2025, the cybersecurity landscape is evolving rapidly, shaped by technological advancements, regulatory shifts, and emerging threats. Below is an exhaustive list of key cybersecurity trends to watch out for in 2025. Securing these AI models and the data they generate. The challenge?
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In its 17th edition, Verizon's 2025DataBreach Investigations Report (DBIR) continues to deliver one of the most comprehensive analyses of cyber incidents worldwide. Verizon concludes that prevention alone is no longer enough: "The breach timeline is compressingwhat used to take days now happens in minutes.
Cyberinsurance industry faces a pivotal year The cyberinsurance industry faces a pivotal year, influenced by evolving ransomware threats, regulatory changes, and the integration of artificial intelligence (AI). MORE Bad education: the lengths that US schools go to hide databreaches.
There’s a growing recognition that resilience rather than just certifications or complianceis the true measure of cyber maturity. Cyberattacks, system failures, and databreaches arent IF scenariostheyre WHEN scenarios. Breaches are inevitable. Solutions That Are Driving Cyber Resilience in 2025 1.
million patients have been impacted by a health care databreach so far in 2021, a whopping 185% increase from the same time period last year where just 7.9 Thus, the attack surface has equally expanded, including moving private records and data from outside the walls of the hospitals. trillion, by 2025, a 75% increase.
Its an apt phAn erase for people working in cybersecurity and data protection, who, as Brian joked, tend not to look on the bright side. Drawing on reports from the World Economic Forum, the Verizon DataBreach Investigations Report and Hiscox Insurance, Brian painted a picture of what that dark side looks like.
Cyberinsurance becomes mainstream discussion. As cyberattacks have become more costly and more challenging to track, cyberinsurance has gained prominence across the industry. The cyberinsurance market is expected to reach around $20B by 2025.
Phishing Attacks: Phishing is the top cyber attack, causing 90% of databreaches. DataBreach Costs: The average global cost of a databreach in 2023 was $4.45 DataBreach Costs: The average global cost of a databreach in 2023 was $4.45 million per breach.
As we approach 2025, the cybersecurity landscape is evolving rapidly, shaped by technological advancements, regulatory shifts, and emerging threats. Below is an exhaustive list of key cybersecurity trends to watch out for in 2025. Securing these AI models and the data they generate. The challenge?
Cybersecurity Cyber threats are growing fast, and ransomware is leading the charge. In the first three months of 2025 alone, 81 ransomware attacks hit education institutions around the world. Cyberattacks increasingly lead to downtime, loss of trust, and regulatory scrutinyespecially when student data leaks occur.
They address data privacy and the escalating threat of cyberattacks targeting healthcare institutions. The new healthcare cyber regulations will go into effect in October 2025. What Are the Implications for CyberInsurance? How is this Different from HIPAA?
Initial Access Broker (IAB) activity increased by 16% during the reporting period, heavily targeting US-based organizations due to perceived financial capability from cyberinsurance. High-privileged accounts enhance attackers’ ability to access unauthorized data, potentially causing databreaches and operational disruptions.
The 2019 Cybersecurity Almanac published by Cisco and Cybersecurity Ventures predicts that cyber events will cost $6 trillion annually by 2021, as companies are digitizing most of their processes and are often operating remotely. Global cyberinsurance premiums are expected to grow from $4 billion in 2018 to $20 billion by 2025.
Initial Access Broker (IAB) activity increased by 16% during the reporting period, heavily targeting US-based organizations due to perceived financial capability from cyberinsurance. High-privileged accounts enhance attackers’ ability to access unauthorized data, potentially causing databreaches and operational disruptions.
Independent research like the Verizon DataBreach Investigations Report consistently shows high numbers of breaches involving a human element. If other judges follow this precedent, insurance companies could become less likely to pay in cases like this. And the cyberinsurance market keeps growing.
It’s likely we’ll continue to witness a significant shift in the motivation behind prominent cyberattacks, as data sources indicate a resurgence in activities such as information theft, covert communication monitoring, and content manipulation from state sponsored attackers and cybercriminals. The first is by rule making.
Cybersecurity is on the brink of significant transformation as we approach 2025, grappling with escalating complexities driven by advancements in technology, increasing geopolitical tensions, and the rapid adoption of AI and IoT. Ethics The ethical challenges posed by advancing AI technologies will demand urgent attention in 2025.
Cunningham John Paul Cunningham , CISO, Silverfort Identity-based attacks in 2024, like those on Microsoft and Snowflake, are prompting insurers to intensify scrutiny in 2025. In 2025, as customers notice the gap between AI promises and delivery, security teams will refocus on fundamentals.
Its an apt phrase for people working in cybersecurity and data protection, who, as Brian joked, tend not to look on the bright side. Drawing on reports from the World Economic Forum, the Verizon DataBreach Investigations Report and Hiscox Insurance, Brian painted a picture of what that dark side looks like.
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