Data breaches are nothing new, but they have pretty consistently increased year-over-year. Despite the massive amounts of money companies invest into security to prevent breaches, they still commonly occur. According to a report from the Identity Theft Resource Center (ITRC), 2021 saw an all-time high of data breaches, 23% more than the previous all-time high. … continue reading
Two years after a major data breach that exposed 339 million guest records and cost Marriott $124 million in GDPR violation fines, the company has suffered another, albeit smaller security breach. The hospitality company announced that in February 2020, the company discovered that a large number of guest information might have been accessed using the … continue reading
Capital One is the latest company to suffer from a hack attack. A configuration vulnerability provided unauthorized access to a hacker who was able to obtain personal information of about 100 million U.S. individuals and 6 million Canadian individuals. RELATED CONTENT: The costs of data breaches are rising “We believe that a highly sophisticated individual … continue reading
Equifax will finally have to pay for its 2017 data breach, which compromised up to 147 million users and exposed sensitive information like credit card numbers, social security numbers, names, birthdays and addresses. The Federal Trade Commission (FTC) has revealed Equifax has agreed to pay at least $575 million as part of a global settlement … continue reading
Open-source company Tidelift has raised $25 million in a Series B funding round. According to the company, it plans to use the new funding to accelerate its business model for open-source. The company’s Tidelift Subscription provides a single source for open-source components, professional assurances of those components, and a software platform for tracking them. The … continue reading
The average cost of a data breach is $3.86 million globally. That is a 6.4 percent increase from 2017, a newly released report revealed. The Cost of a Data Breach 2018 conducted by Ponemon Institute and sponsored by IBM Security found the cost of data breaches on a business’ bottom line has been steadily increasing … continue reading
Human error is the weakest link to data breaches. Since 2013, according to Data Breach Statistics, over 9 billion data records have been lost or stolen. According to recent data from Gartner, over 60 percent of privacy failures occur because of employee errors. Organizations need to educate their team on the best security practices. “Understanding … continue reading
Cyber attacks targeting businesses nearly doubled in the past year. A new report, the Cyber Incident & Breach Trends Report, released by the Online Trust Alliance (OTA) found 156,700 cyber incidents last year, compared to 82,000 in 2016. The OTA is a Internet Society initiative designed to improve online trust. The organization believes that since a … continue reading
If you’re not reading this on another planet or in a bunker somewhere, then you’re likely aware of the recent breach of data from credit agency Equifax. Reports indicate that unknown attackers took advantage of a vulnerability in an Equifax web application to purloin personal identifiable information from 143 million people, including Social Security numbers. … continue reading
With its latest mainframe, IBM is taking on the challenges with encrypting data associated with applications, cloud services and databases. IBM today unveiled its new transaction system, IBM Z, which introduces what IBM considers to be a “breakthrough” for encryption engines. According to IBM, there is a major global epidemic of data breaches, where more … continue reading
Recent data breaches involving children’s Internet-connected toys pushed U.S. Sen. Bill Nelson to write a letter to the Federal Trade Commission (FTC), detailing what steps it’s taken to protect the personal data of the children using such toys. This isn’t the first letter Nelson, a Democrat from Florida, has written in response to security breaches. … continue reading
It’s a whole new world for consumers when it comes to toys and devices, but with these “smart” functions and capabilities come a slew of security risks. CloudPets, a toy that brands itself as a “message that hugs,” is the latest product dominating the headlines for leaked and ransomed data that contains millions of voice … continue reading
