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Tag: Cost of a Data Breach

National Backup Day: Don’t Forget the Basics

This Thursday, March 31 at 9:30 a.m. MT/11:30 a.m. ET, join the National Cybersecurity Center, IBM Security X-Force’s Laurance Dine and Stephanie “Snow” Carruthers, and other security experts, for a World Backup Day discussion on best practices, preparedness and more. Catch the conversation on Twitter. National Backup Day is March 31, which serves as an […]

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Why We Need To Beat ‘Breach Fatigue’ — At Work and at Home

Data breaches come at such a fast pace that the public doesn’t seem to pay attention to the latest incidents, or they’re practically forgotten in a week — just in time for the next breach to make headlines. Instead of cries for better personal data protection, however, consumers seem less concerned even as more companies […]

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How to Cut Down on Data Breach Stress and Fatigue

If you’re tired of hearing the words ‘data breach’, you’re not alone. It’s looking like 2021 might end up becoming the year with the most ransomware attacks on record. In August, SonicWall reported that the global ransomware attack volume had increased 151% during the first six months of the year compared to H1 2020. The […]

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What the SEC Requires From Businesses After a Data Breach

Consumers have become wary of data breaches and the decreased safety of their personal information. However, the cost of a data breach is no longer only a matter of money and your company’s good name. There is now a third critical reason to pay attention: the U.S. Securities and Exchange Commission — more commonly referred […]

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The Cost of a Data Breach Goes Beyond the Bottom Line

How do you measure the cost of a company data breach? You could try asking those that have been attacked. The IBM Security Cost of a Data Breach Report 2021 did just that, and the numbers reveal some hard truths.  For example, ransomware attacks cost an average of $4.62 million. These costs included escalation, notification, […]

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Data Breach Pulse Check: On-Prem Database Security

A recent industry study analyzed 27,000 on-prem databases across the globe, with surprising findings. In far too many cases, on-premises database security is weak. The good news is that you can manage the risk to cut down on the chance of a data breach.  Nearly half (46%) of internal data assets in the study had […]

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A New Cybersecurity Executive Order Puts the Heat on Critical Infrastructure Suppliers

Ransomware. Five years ago, the cybersecurity community knew that term well, although among others it was far from dinner table conversation. Times have changed. Since early 2020, ransomware has hit a slew of headlines. People inside and outside of the security industry are talking about it, and many have experienced the ransomware pain firsthand. The […]

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6 Potential Long-Term Impacts of a Data Breach

A data breach can destroy a business. For small- and medium-sized businesses (SMB), this is really especially concerning, as 60% will shut down within six months of the attack. While larger companies and agencies likely won’t have to shut their doors, they, too, suffer serious consequences. There are financial costs, which Ponemon Institute and IBM […]

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Roundup: 2021 Energy & Utility Data Breaches and Defenses in the News

Ransomware is evolving. How long until it takes down operational technology? In May 2021, Colonial Pipeline, one of the largest fuel pipelines in the United States, faced a ransomware attack. The company, which transports more than 100 million gallons of gasoline and other fuel daily from Houston to the New York Harbor, shut down work […]

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Cost of a Data Breach: Retail Costs, Risks and More To Know

E-commerce sales grew by nearly one-third in 2020, in large part due to the pandemic. Meanwhile, retail data breaches grew even more prevalent and costly. Retailers need to know not just the cost of a data breach, but the risks and challenges involved with one. This can help IT security professionals and business owners protect […]

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Exploring the Costs, Risks and Causes of a Government Data Breach

In nearly every part of the world, people associate the word ‘government’ with order. Government services bring societal order, economic stability and security at all levels. However, the past decade of data breaches has challenged this. Federal and local governments battle worldwide breaches and cyber attacks. Data security flaws have been so pervasive in public […]

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Reduce the Harm of a Data Breach With Data Security Analytics

Over the last year, the average total cost of a data breach increased nearly 10% to $4.24 million. That’s the highest average in the history of IBM Security’s annual Cost of a Data Breach Report. This was due to a number of factors. Increased remote working due to the COVID-19 pandemic and digital transformation both […]

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