A recent report from IBM found that data breach costs rose from $3.86 million to $4.24 million in 2021. This year’s estimate is the highest average total cost in the 17-year history of the IBM Cost of a Data Breach Report. Partly, the record-setting cost of a data breach has to do with the fact that so many companies are working remotely.
It feels like cybersecurity is dominating the newsfeeds, doesn’t it? There is a reason. Cyberattacks and cybercrime have risen dramatically in the last five years. 2020 broke all records in terms of data loss and the number of cyberattacks. Between 2019 and 2020 ransomware attacks alone rose by 62%, the same year that the World Economic Forum identified cyberattacks and data theft as two of the biggest risks to the global economy.
Cyber Monday and the holiday shopping season are around the corner: don’t be the victim of an online shopping scam or cyber security breach. Cyber Monday is here, and the holiday shopping season is in full swing. With some of the world’s biggest brands vulnerable to a Magecart attack, you can’t be too careful with your credit card information.
This week, the popular web host GoDaddy reported that it experienced a serious data breach impacting 1.2 million customers. Is your organization at risk, and what should you do? Here’s what you need to know.
The possibility of a data breach at your organization can be anxiety-inducing. According to the Ponemon Institute, the average cost of a data breach is $3.61 million, and it’s on the rise; the average data breach cost is up 10% over last year and remote work is a contributing factor: Ponemon found that breaches caused by remote work were $1.07 million more expensive than those that weren’t. This may have your organization wondering if you’re protecting your data in every way you can.
Alan is one of the senior officers of a financial bank in Texas. Alan was looking to buy a Halloween costume and got an email about a sale happening at a store near his neighborhood. He clicked on the email to learn more about the offer. In a few hours, his computer, which had critical high-profile customer files and details got infected by ransomware.
