The average cost of data breach has hit an all-time high, up almost 10% from last year to $4.24 million. That average cost increases greatly when remote workers are involved (to $4.96 million).
Litigation against corporate board members and C-level executives for data privacy and security claims is on the rise. Recently, plaintiffs have targeted corporate board members and C-level executives alleging that their data privacy–related claims result from a breach of fiduciary duties.
IT and security decision-makers need to prepare for an expanding digital world and consider how increasing cloud usage, consumer distrust, new legislation, and a permanently distributed workforce impacts the ways in which they do business.
New study provides some very sharp and eye-popping numbers showing that sloppy privacy practices can be tied directly to an 80% increase in the likelihood of data breaches.
Facebook’s new €17 million GDPR fine stems from a failure to demonstrate that adequate security measures were in place to prevent the data breaches in 2018.
2020 saw a spike in healthcare data breaches. A new report from cybersecurity firm Tenable finds that this spike can be overwhelmingly attributed to ransomware attacks.