Industrial organizations recently received a report card on their performance regarding data breach costs. And there’s plenty of room for improvement. According to the 2024 IBM Cost of a Data Breach (CODB) report, the average total cost of a data breach in the industrial sector was $5.56 million. This reflects…
Read MoreWith cybersecurity, the focus often is on technology — specifically, how cyber criminals use it to conduct attacks and the tools that organizations can use to keep their systems and data safe. However, this overlooks the most important element in cybersecurity risk: human error. Human risk in cybersecurity Proofpoint’s 2024…
Read MoreIn 2022, the Cyber Incident for Reporting Critical Infrastructure Act (CIRCIA) went into effect. According to Secretary of Homeland Security Alejandro N. Mayorkas, “CIRCIA enhances our ability to spot trends, render assistance to victims of cyber incidents and quickly share information with other potential victims, driving cyber risk reduction across…
Read MoreAccording to the IBM Cost of a Data Breach 2024 report, the average global breach cost has reached $4.88 million — a significant increase over last year’s $4.45 million and the biggest jump since the pandemic. For financial industry enterprises, costs are even higher. Companies now spend $6.08 million dealing…
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