Data breach

Ponemon Institute in partnership with IBM has recently launched the 2018 Cost of Data Breach report. It comes with a corresponding calculator to give companies a close estimate of the possible business cost if they become a victim of a data breach or security attack. Cost of Data Breach is a yearly report released publicly,

The recent implementation of GDPR and the race for increased corporate compliance with issues of privacy has generated a lot of noise in the cybersecurity industry, most of which stems from a lack of overall understanding about the new measures—and what they mean for the future of online business. An article recently published by Motherboard suggests

A massive cyber attack at the Sheffield Credit Union has impacted thousands of its members; it’s reported that the attack has led to thousands of members getting their personal data compromised. The Sheffield Credit Union, which offers loans and savings schemes, was reportedly targeted and attacked by hackers in February; the incident came to light

The University of Greenwich has suffered a data breach, following which the Information Commissioner has imposed a fine of £120,000 ($160,000) upon the University; the breach involved the personal data of almost 20,000 people. A release from the Information Commissioner’s Office (ICO) says- “The University of Greenwich has been fined £120,000 by the Information Commissioner

Mexico’s central bank Governor Alejandro Diaz de Leon told journalists late Monday that the attack on the payment system was unprecedented and that he hoped that measures being taken would stop future incidents. Hackers have managed to get away with hundreds of millions of pesos from leading Mexican banks by targeting the payment systems. Reuters

We don’t frequently hear reports about the hacking of small businesses, mainly because these kinds of attacks aren’t public knowledge. The news regularly reports regarding large corporations confronting massive data breaches where the individual data of millions of consumers was possibly leaked. The reason small businesses are engaging targets is that hackers know these companies

A recent study shows that only one percent of media companies are really confident in their current cybersecurity measures. The report titled ‘The State of Media Security,” published by Akamai of the CDN (Content Delivery Network), a service company based in Cambridge, Massachusetts has issued the new findings. The report, based on a survey conducted by

The cybersecurity industry saw impressive growth last year as corporations scrambled to get their houses in order following a series of serious breaches throughout the year. For example, the economic damage of ransomware attacks (which lock computer screens and demand a ransom) grew to an estimated $5 billion in 2017 from just $325 million in

It’s official—2017 was a record year for massive data breaches. First and foremost, there was the Equifax disaster, which exposed the hyper-private data of millions of customers to cybercriminals. And then there was the Republic National Committee breach, which leaked the personal information of over 200 million American voters. And don’t forget the Uber scandal, which

If a government agency’s purpose is to help the government move towards a more modern approach to service delivery, focused on citizens and innovation centered on using the latest and best technology there is—how important is it to have its own cybersecurity team in-house? The Digital Transformation Agency of Australia drives the digital information of