finance and the public sector, where steep fines and penalties can compound the costs. For example, according to the IBM report, the average healthcare data breach costs USD 9.77 million, twice the average cost of all breaches.
Desiree Moore, Gina Bertolini, and Jackie Hoffman discuss the increasing impact of data security incidents and security breaches on the health care sector. They define what qualifies under HIPAA as a protected health information breach, discuss the importance of outside counsel in security incidents,...
Major data breaches in Southeast Asian countries evidence the region's weaknesses in the areas of cybersecurity and data protection.
Data breaches systemic in public sectorThe article discusses the conclusion of a 2008 report stating that recent British government lapses in data protection is symptomatic of the failure of the government to implement proper safeguards. The report from a select committee on human rights further ...
This, in turn, has led to a rise in the number of cyber crimes, ranging from minor breaches to global-scale attacks impacting billions of users – such as in the case of Yahoo. Within the U.S. alone, 1802 cases of data compromise were reported in 2022. This was a marked increase ...
TechTarget defines a data breach as “an incident in which sensitive, protected, or confidential data has potentially been viewed, stolen, or used by an individual unauthorized to do so. Data breaches may involve payment card information (PCI), personal health information (PHI), personally identif...
“Researchers found storing data across environments proved to be a common storage strategy, accounting for 40% of breaches,” the report noted. “These breaches also took longer to identify and contain. In contrast, data stored in just one type of environment was breached less often, whether ...
While the types of data breaches are quite varied, they can almost always be attributed to a vulnerability or gap in asecurity posturethat cybercriminals use to gain access to the organization's systems or protocols. When this happens, the financial risk of data loss can be devastating. Accord...
IBM found that the average cost of a data breach in 2024 was a record-breaking $4.88 million, with average costs reaching a high of $9.8 billion in the health care sector. No matter the size of your business, you need to protect your information by preventing data breaches. Here’s ...