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According to the Verizon 2023 Data Breach Investigations Report, the median cost per ransomware attack — which features a type of malicious software designed to block access to a computer system ...
It is estimated that the average cost of a data breach will be over $150 million by 2020, with the global annual cost forecast to be $2.1 trillion. [ 2 ] [ 3 ] As a result of data breaches, it is estimated that in first half of 2018 alone, about 4.5 billion records were exposed. [ 4 ]
In 2016, researcher Sasha Romanosky estimated that while the mean breach cost around the targeted firm $5 million, this figure was inflated by a few highly expensive breaches, and the typical data breach was much less costly, around $200,000. Romanosky estimated the total annual cost to corporations in the United States to be around $10 billion.
MOVEit is a managed file transfer software developed by Ipswitch, Inc., a subsidiary of Progress Software.A vulnerability in the software allows attackers to steal files from organizations through SQL injection on public-facing servers.
But identity theft cost Americans around $43 billion in 2023, ... the breach appeared to expose the data of tens of millions of American children. ... news site Bleeping Computer. As of Thursday ...
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A number of news outlets, including Bleeping Computer, reported that a ransom demand of €16.5 million (about $20 million) was made, offering to decrypt data and to not publish "private data". [ 37 ] [ 38 ] [ 39 ] Initially, the Business Post reported that a ransom demand of three bitcoin or €124,000 (about $150,000) was made. [ 40 ]
On Monday, the city expanded the budget for the hack to $7 million; $3 million of that is new funding approved at council’s meeting Monday to cover costs through the rest of the year.