Data breaches, insider threats, loss of client trust—these are all security and privacy threats all organizations face today. Learn more about what action Privacy and Security Professionals are taking today. #PSR21

Looking at the cybersecurity headlines from the past few years, we’ve seen significant data breaches happening more frequently and increasing in severity. At the same time, the cost of cyber insurance is rapidly rising, coverage limits are shrinking, and loss exclusions are more so than ever.

The Connecticut (CT) State Legislature has enacted major changes to CT Data Breach Notification Laws, effective October 1, 2021. These changes are a direct result of the worsening threat landscape, and it is safe to say that regulations will most likely continue to be enacted at both the state and federal levels.  

From January 2020 through May 2021, New York State Department of Financial Services (NYDFS) regulated companies reported in excess of 70 Ransomware attacks ranging from costly shutdowns to disruptions in business operations. Successful Ransomware attacks continue to escalate in total numbers and overall severity, with no sector safe from an attack. Government agencies, companies, educational institutions, and nonprofits are all targets. 

Approximately 66% of hacked organizations expressed uncertainty that they could ever fully recover. Getting hacked or falling prey to Ransomware is a big deal—for you, your business, your customers, and your employees!