CISOs report increases in alert fatigue and the number of records breached, as well as the struggle to secure mobile devices in a new Cisco study. RSA CONFERENCE 2020 – San Francisco – The security team, instead of operating in silos, can lower overall post-breach costs if it collaborates with other teams across the organization.
BEC attacks comprised nearly half of cybercrime losses last year, which totaled $3.5 billion overall as Internet-enabled crimes ramped up. Business email compromise (BEC) attacks cost organizations an estimated $1.77 billion in losses in 2019, reports the FBI, which received a total of 23,775 complaints related to this threat. The FBI’s Internet Crime Complaint Center
Company agrees to set aside a minimum of $380.5 million as breach compensation and spend another $1 billion on transforming its information security over the next five years. The 147 million US consumers affected by the breach have one week from today to file a claim. The final minimum tab for Equifax’s failure to patch
For less than $200, attackers were able to infect thousands of systems, stealing user credentials, cryptocurrency wallets, and web histories, an analysis finds. A cybercrime campaign that starts with phishing, uses Bit.ly and Pastebin to pass commands, and results in the theft of the victim’s user credentials, cryptocurrency wallets, and web history may have cost
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From 2018 to 2019, the percentage of cyberattacks costing $10 million or more nearly doubled, hitting 13%. The cost of cyberattacks spiked more than $1.5 million in the past year, going from $3 million per incident in 2018 to $4.6 million in 2019. Pricier breaches are becoming more frequent: The percentage costing $10 million or