The average company can’t do business without their third parties. Vendors, suppliers, partners, distributors, and contractors — third parties make it so much simpler to build, distribute and sell a product or service.
Senior-level executives handle sensitive data and information daily – making them an enticing target for cybercriminals. One of the most complex schemes to date is the whaling attack, in which hackers impersonate high-ranking employees to gain access to computer systems and networks. Whaling attacks have seen a dramatic 131% increase between Q1 2020 and Q1 2021, costing enterprises around $1.8 billion in damages.
It’s out there. In the deep, dark corners of your IT estate, it’s been hiding. Maybe it’s that “killer app” one of the department heads brought back from a trade show. Or maybe it’s that campaign microsite that marketing had a contractor develop for a “skunkworks” launch. Shadow IT is more than an asset management problem. It’s a security problem because you can’t secure what you can’t see.
SecurityScorecard (SSC) has identified three separate DDoS attacks which all targeted Ukrainian government and financial websites leading up to and during Russia’s invasion of Ukraine. Details of these DDoS attacks have not yet been publicly identified.
Data breaches and cybercrime are all too common. And in recent years, ransomware attacks have caused many organizations to face hefty extortion payments, legal fees, and reputational damage – not to mention the major headache that comes with each. Cyber insurance has become a powerful tool in the world of cyberattacks to help protect organizations from the implications of a ransomware attack, but many don’t understand what a cyber insurance policy actually covers.
At the end of 2021, Capital One agreed to pay a settlement of $190 million to 98 million customers whose personal data was stolen in a 2019 data breach. Similar class-action lawsuits were filed in 2021 against T-Mobile, Shopify, and Ledger. When it comes to the cost of breaches, however, those are just the legal fees. Every year, businesses lose millions of dollars in revenue to cyberattacks and data breaches.