CyberSecurity Insiders

AUGUST 17, 2022

A recent survey conducted by IBM has discovered that companies can save millions incurred from data breaches, just by automating their cybersecurity posture. The report that goes with the title ‘IBM Cost of Data Breach Report’ stated that organizations can save for themselves about $3.05 well at least for now!

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Data breaches Artificial Intelligence Cyber Risk Technology 136

Security Boulevard

MARCH 27, 2023

Cyber risk quantification is a crucial aspect of modern risk management, providing organizations with valuable insights into the potential impact of cyber threats and security gaps. The post The Future of Cyber Risk Quantification: Beyond the Traditional Tool appeared first on Security Boulevard.

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Cyber Risk Risk Data breaches Cyber threats 59

Tech Republic Security

NOVEMBER 1, 2023

Research has found 91% of CEOs view IT security as a technical function that's the CIO or CISO's problem, meaning IT leaders have more work to do to engage senior executives and boards.

Cyber Risk 161

Cyber Risk CISO Risk Data breaches 161

SecureWorld News

JULY 28, 2023

They need to understand the economic drivers and impact of cyber risk, and they need to ensure that cyber risk management is aligned with business objectives. These principles are backed by research and best practices, and they can help organizations navigate the treacherous cyber landscape while driving strategic goals.

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Security Boulevard

JUNE 2, 2022

In the US, 2021 was a record year for reported data breaches , while in the UK, a recent government report revealed that two-fifths of businesses had suffered a cyber-attack over the previous 12 months. The post The Top Five Sources of Data Breaches and How to Reduce Their Impact appeared first on Security Boulevard.

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Security Boulevard

JANUARY 18, 2022

The post WEF Report: Cyber Risks Pose Global Threats appeared first on Security Boulevard. In some ways, it reads like an Exodusian litany of plagues and threats—COVID-19, climate change, migration, international crime, nuclear war and weapons of mass destruction. Fun bedtime reading for the insomniacs.

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Cyber Risk Risk Data breaches Security Awareness 122

Security Affairs

DECEMBER 1, 2022

Data breaches can be devastating for organizations, these are 3 of the worst incidents that could have been prevented. Data breaches can be devastating for organizations and even entire countries. Eliminating the risk of a data breach is nearly impossible, but some things can be done to reduce it significantly.

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SecureWorld News

AUGUST 24, 2021

What is the difference between a day at the beach and managing a cyber risk assessment plan? SecureWorld recently presented the webinar Cyber Risk: Stay Ahead of Evolving Threats With Proactive Collaboration with speakers representing Reciprocity, a leader in Governance, Risk, and Compliance Software (GRC).

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Cyber Risk Risk Digital transformation Education 87

Security Boulevard

MAY 11, 2022

With ransom demands rising and the cost of data breaches soaring, businesses are investing heavily in building their cyber defenses. Buying a cyber risk insurance program can help outsource residual risk, and deploying multi-factor authentication is […]… Read More.

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Cyber Risk Insurance Authentication Risk 52

Security Boulevard

JULY 27, 2022

On July 22, 2022, T-Mobile agreed to settle the class action suit brought on behalf of 76 million customers whose PII was stolen in a data breach in 2021. The post RiskLens Fast Facts on Cyber Risk in the Telecommunications Industry appeared first on Security Boulevard.

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Telecommunications Cyber Risk Identity Theft Risk 62

CyberSecurity Insiders

MARCH 7, 2021

The increasing number of third-party data breaches and the sensitive information they expose have negatively impacted consumer trust. Third-party breaches occur when sensitive data is stolen from a third-party vendor or when their systems are used to access and steal sensitive information stored on your systems. .

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Data breaches Penetration Testing Risk Cyber Risk 112

Security Boulevard

JUNE 23, 2022

RiskLens Data Science Manager Justin Theriot will present a research paper to the Society of Information Risk Analysts (SIRA) that’s a window into the advanced data science work going on at RiskLens to offer unprecedented accuracy on data breach costs to inform quantitative cyber risk analysis.

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Data breaches Cyber Risk Risk 52

Security Boulevard

DECEMBER 20, 2022

The post RiskLens Fast Facts on Cyber Risk for CPAs, Lawyers & Other Professionals appeared first on Security Boulevard. Bansley & Kiener did not admit any guilt. Bansley & Kiener did not admit any guilt.

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Cyber Risk Risk Insurance Data breaches 52

Security Boulevard

NOVEMBER 10, 2022

Flagstar said it has no evidence that any of the information obtained in the latest breach has been misused – nonetheless, at least two customer lawsuits are in the courts, one filed by a plaintiff who claims that his identity was falsely used to take out a loan after the breach. RiskLens is the leader in cyber risk quantification .

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Cyber Risk Risk Banking Financial Services 52

Security Boulevard

JULY 12, 2022

In early July, 2022, hotel giant Marriott reported a relatively small data breach at its BWI Airport Marriott hotel, in an attempted ransomware attack affecting 300-400 clients or employees. The breach was the third reported by the hotel chain in recent years. Latest news.

Cyber Risk 52

Cyber Risk Risk Data breaches Ransomware 52

SC Magazine

MARCH 5, 2021

Publicly traded companies must start disclosing more “actionable” information to shareholders and regulators around their cyber risks and vulnerabilities. data breach. The post Public companies may not grasp responsibility to investors in sharing info on cyber risk appeared first on SC Media.

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Cyber Risk Risk Data breaches Cyber threats 105

SecureWorld News

NOVEMBER 30, 2021

The Starwood reservation system it was acquiring had been hacked, because of a data breach that began long before the two companies became one. M&A cyber risk is real. DNA testing company data breach impacts personal information. Have you looked closely enough at this type of risk?

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Data breaches Insurance Cyber Risk Risk 76

Security Boulevard

AUGUST 15, 2022

A class action suit over one of the largest healthcare data breaches of 2020 will be settled for $3 million, under a proposal recently filed with the court. Dental Care Alliance, a manager of more than 300 dental practices, reported a breach of PHI, credit card and other data for 1.7

Cyber Risk 52

Cyber Risk Healthcare Risk Data breaches 52

CSO Magazine

JUNE 5, 2023

AI-based cyber risk management SaaS vendor SAFE Security has announced the release Cyber Risk Cloud of Cloud – a new offering it claims uses generative AI to help businesses predict and prevent cyber breaches.

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Data breaches Cyber Risk Risk Technology 84

The Last Watchdog

MARCH 14, 2019

The firings came as a result of a massive data breach which routed through an HVAC contractor’s compromised account. So they began inundating their third-party suppliers with “bespoke assessments” – customized cyber risk audits that were time consuming and redundant. The key takeaways: Rise of third parties. “So

Cyber Risk 165

Cyber Risk Risk Digital transformation Accountability 165

SecureWorld News

MARCH 3, 2021

This is just more proof that cyber risk is a business risk. Operational impact of the data breach. It also included detailed information on the data breach and how that impacted the operations of the company. "As Incident response to the data breach. Financial impact of the data breach.

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Data breaches Technology Healthcare Insurance 80

SecureWorld News

JANUARY 6, 2021

When an organization suffers a data breach, there are almost certainly two things that will follow. This is exactly the kind of situation that is currently playing out with SolarWinds after the company's data breach. The first is incident response to properly manage the situation. Scope of the SolarWinds attack.

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Data breaches Cyber Risk Passwords Government 62

SC Magazine

JULY 13, 2021

million patients have been impacted by a health care data breach so far in 2021, a whopping 185% increase from the same time period last year where just 7.9 The Fortified Health report is meant to support health care covered entities in light of the ongoing threats and the rise in data breach numbers. More than 22.8

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Data breaches Insurance Healthcare Education 113

The Last Watchdog

DECEMBER 5, 2018

That was followed by a wave of successful ransomware attacks in which attackers targeted healthcare patient date, encrypted that data, and then demanded a ransom to supply a decryption key. Since those attack surges, the healthcare industry has done much to defend direct data breaches, and to repel ransomware attacks.

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Data breaches Healthcare Insurance Risk 153

Krebs on Security

AUGUST 25, 2023

And there are indications that fraudsters may already be exploiting the stolen data in phishing attacks. A major portion of Kroll’s business comes from helping organizations manage cyber risk. In a statement released today, New York City-based Kroll said it was informed that on Aug.

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Mobile Cyber Risk Cryptocurrency Data breaches 193

Jane Frankland

AUGUST 18, 2020

IBM found that the average time to identify a breach in 2019 was 206 days. Human error causes many data breaches. There are many different ways of approaching risk in cybersecurity, for example a system approach and a component approach, and the UK NCSC has an excellent resource guide to up level all. But know this.

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Cyber Risk Risk Cybersecurity Technology 100

The Security Ledger

SEPTEMBER 10, 2019

Third party cyber risk is a growing concern for organizations, as breaches and hacks tied to third party providers and applications multiply. How do you know if your third party cyber risk management program is up to the task? Related Stories Podcast Episode 141: Massive Data Breaches Just Keep Happening.

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The Last Watchdog

JANUARY 30, 2019

Third-party cyber risks are likely to persist at the current scale for a while longer. According to a recent Ponemon Institute study , some 59% of companies experienced a third-party data breach in 2018, yet only 16% believe they are effectively mitigating third-party risk.

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Cyber Risk Risk Financial Services Banking 147

Security Boulevard

APRIL 18, 2022

There’s no denying that cybersecurity is now an integral part of every business that wants to avoid being a victim of identity theft, data breaches, and other cyber risks. The digital age has created several opportunities for us, and at the same time, we’ve been exposed to a whole new level of cyberthreats.

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Artificial Intelligence Identity Theft Cybersecurity Cyber Risk 145

Security Boulevard

JUNE 26, 2023

As we do every year, we’re reading the Verizon Data Breach Investigations Report for 2023 with respect for the service they provide to the cybersecurity and cyber risk community with this massive effort in data gathering and interpretation, and admiration for the clarity (and humor!) of their presentation.

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CyberSecurity Insiders

MARCH 30, 2023

Seasoned CISOs/CSOs understand the importance of effectively communicating cyber risk and the need for investment in cybersecurity defense to the board of directors. A comprehensive approach encompasses aligning with business objectives, identifying key cyber risks, and setting priorities for investment.

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Cybersecurity Cyber Risk CISO Risk 119

SecureWorld News

JANUARY 11, 2024

In this digital battlefield, cyber insurance has emerged as a crucial shield, offering financial protection against data breaches, ransomware attacks, and other cyber incidents. Data limitations : Accurately assessing cyber risk remains a challenge due to limited data.

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Cyber Insurance Insurance Cyber Risk Data breaches 101

The Last Watchdog

FEBRUARY 15, 2024

15, 2024 – Harter Secrest & Emery LLP , a full-service business law firm with offices throughout New York, is pleased to announce that it has been selected as a NetDiligence-authorized Breach Coach ® , a designation only extended to law firms that demonstrate competency and sophistication in data breach response.

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Data breaches Big data Financial Services Retail 100

Threatpost

SEPTEMBER 24, 2018

The human factor doesn't have to be an intangible when assessing cyber risks within a company.

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Cyber Risk Risk Data breaches InfoSec 65

Security Boulevard

AUGUST 22, 2021

The risk of cyberattacks has increased in the last year and 80% of global organizations report they are likely to experience a data breach that impacts customer data in the next 12 months, according to findings from Trend Micro’s biannual Cyber Risk Index (CRI) report.

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CSO Magazine

NOVEMBER 30, 2022

Ransomware and data breaches pose a massive risk to organizations, resulting in loss of customer trust and shareholder value, reputation damage, hefty fines, and penalties. Cyber risk is a top concern in US corporate boardrooms, elevating the role of the chief information security officer to rapid prominence.

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CISO Cyber Risk Data breaches Information Security 88

SecureWorld News

AUGUST 23, 2023

This morning, Critical Start released its first ever Cyber Risk Landscape Peer Report , which explores some of the major concerns and challenges currently confronting cybersecurity leaders as they manage risk within their organizations. Here are some comments on the cyber risk landscape from cybersecurity vendor experts.

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