Here are the highlights from this month’s events as we join a growing national effort to spread awareness of cyber security and privacy in an increasingly connected world.
T-Mobile Confirms Data Breach Affects Over 47 Million People
The stolen files include personal info such as names and social security numbers. Read Article
LockBit Ransomware Gang is Now Hiring Corporate Insiders
The group is hiring corporate insiders to infiltrate and encrypt corporate networks. In exchange, these insiders-cum-partners are promised millions of dollars. Read Article
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.
IBM Report: Data-Breach Costs Hit 17-Year High of $4.24M
Data-breach costs jumped nearly 10% from an average of $3.86 million to $4.24 million per incident over the past year. Read Article
U.S. Announces New 2nd Round Cybersecurity Requirements for Critical Pipeline Owners
The Department of Homeland Security on Tuesday required owners and operators of critical pipelines that transport hazardous liquids and natural gas to implement "urgently needed protections against cyber intrusions." Read Article
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!