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Cyberattacks on businesses are rising, including small businesses. According to the Verizon 2023 Data Breach Investigations Report, the median cost per ransomware attack — which features a type ...
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]
The number of victims impacted by data breaches has skyrocketed into the hundreds of millions, even though the latest data shows slightly fewer data breaches occurred last year compared to 2021 ...
The 23andMe data leak was a data breach at personal genomics company 23andMe reported in October 2023. The cyberattack gathered profile and ethnicity information from millions of users. The affected customers were reported as primarily Ashkenazi Jews but also including hundreds of thousands of ethnically Chinese users. [ 1 ]
In October 2023, Rhysida, a hacker group, attacked the online information systems of the British Library. They demanded a ransom of 20 bitcoin, at the time around £596,000, to restore services and return the stolen data. When the British Library did not acquiesce to the attempt, Rhysida publicly released approximately 600GB of leaked material ...
The financial sector last year, after relinquishing the top spot in 2022, once again was the industry to suffer the most data breaches, according to a report by Kroll, the financial and risk ...
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.
From big banks to car dealerships, 2024 has been a banner year for data breaches. Yes, I mean that in the worst way possible. I’d be shocked if there’s any American left unexposed at this ...