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Severe Data Breach Could Cost Tech Companies $174 Million per Day

Millions of sensitive data records lost could cost top-earning tech companies an average of $174 million per day, research shows.  A new report reveals the reputational and financial impact of severe and catastrophic data breaches on top companies and social media platforms.  Apple could lose a staggering $83 billion per month, while Microsoft could experience a drop in value of $2.3 billion each week.  Businesses should prioritise security training for all staff, keep software updated and…

96% of It Leaders in the Legal Sector Say Insider Data Breaches Are a Major Concern

Egress global Insider Data Breach Survey reveals legal sector employees twice as likely to breach company policy when data sharing than employees in other sectors Egress, the leading provider of human layer security solutions, today published the legal sector analysis of its second global Insider Data Breach Survey. The study found that a staggering 96% of IT leaders in the sector say insider breach risk is a significant concern. 77% think employees have put data at risk accidentally in the past 12 months and 78% think…

Financial Institutions on the Hook for Data Breaches This Holiday Shopping Season

American Consumers Will Hold Financial Institutions Accountable for Compromised Data Regardless of Who’s at Fault; Banks Stand to Lose Nearly Half of Customer Base, According to New Study from Terbium Labs Fears of data loss, identity theft and fraud are leaving American consumers on edge this holiday season, and they’re prepared to hold their financial institution responsible for the damages. This is according to “How Fraud Stole Christmas”, a new study released today by leading digital risk protection company Terbium…

Businesses See Costly Decline of Consumer Trust as a Result of Large-Scale Data Breaches According to Annual IDology Fraud Report

Companies Are Unprepared to Deal with Synthetic Identity Fraud, Mobile Attacks and CCPA Compliance IDology, a GBG company, released its Seventh Annual Fraud Report, revealing the growing impact of large-scale data breaches and fraud on consumer trust and the critical need for businesses to balance the digital consumer experience with strong identity verification processes. The report also found that senior executives believe their companies are still not prepared to combat synthetic identity fraud and mobile attacks.…

81% of Consumers Would Stop Engaging with a Brand Online After a Data Breach, Reports Ping Identity

According to Annual Survey, Consumers Hold Companies Responsible for Data Protection Ping Identity, a pioneer in Intelligent Identity, released results from its 2019 Consumer Survey: Trust and Accountability in the Era of Breaches and Data Misuse. The results expose how today’s environment—ripe with data misuse and large-scale security breaches—is impacting consumer behavior and relationships with service providers around the world. “There’s no question, businesses risk losing customers and damaging their brands if they…

Data Breaches Cost U.S. Enterprises $654 Billion in 2018

Despite worldwide investments in information security products and services, cybercriminals exposed 2.8 billion consumer data records in 2018, costing more than $654 billion to U.S. corporations, according to ForgeRock’s 2019 U.S. Consumer Data Breach Report. Personally identifiable information (PII) accounted for 97% of the pilfered data including names, Social Security numbers, dates of birth and more. This highlights the fact that companies continue to struggle with the realities of the threat landscape, even though…

Data Breach Discovery Software, Canopy, Adds New ‘Smart Tools’ to Accelerate the Identification of Affected Individuals

Cyber Security Professionals Gain Advanced Machine-Learning Technology to Assist Their Enterprise Clients CanopyCo LLC, the data mining and breach review software developer, released several new "smart tools" to all subscribers of its flagship application, Canopy.  With the filtering, classification, and organization enhancements, Canopy users further reduce the volume of breached documents requiring human review and accelerate the identification of specific individuals who have been affected by the breach. Foreign…

IBM Study Shows Data Breach Costs on the Rise; Financial Impact Felt for Years

Breaches Pose Growing Risk for Small Businesses, Costing up to 5% of Annual Revenue IBM Security announced the results of its annual study examining the financial impact of data breaches on organizations. According to the report, the cost of a data breach has risen 12% over the past 5 years and now costs $3.92 million on average. These rising expenses are representative of the multiyear financial impact of breaches, increased regulation and the complex process of resolving criminal attacks.2 The financial consequences…

New Centrify Survey Reveals Most Organizations Are Over-Confident in Their Ability to Stop Data Breaches

Study Finds That 93% Feel Somewhat Prepared Against Threats Involving Privileged Access, the Leading Cause of Data Breaches, Despite 52% Not Having a Password Vault Centrify, a leading provider of cloud-ready Zero Trust Privilege to secure modern enterprises, announced results of a new survey in partnership with TechVangelism that indicate the majority of organizations are ill-prepared to protect themselves against privileged access abuse, the leading cyber-attack vector. Seventy-nine percent of organizations do not have…

KPMG Consumer Loss Barometer Exposes Data Breach Disconnect

KPMG Survey Reveals After Breach Consumers Want Proof of Fix, CSIOs Want to Apologize The continuous evolution of digital transformation is outstripping the pace of cyber security in organizations. As a result, the market is witnessing a fundamental disconnect between consumer expectations and concerns, and the ability of organizations to meet those expectations, according to KPMG's Consumer Loss Barometer report. The global survey of more than 2,000 consumers and 1,800 Chief Information Security Officers (CISOs)…

Experian Finds More Than a Third of Companies Are Still Unprepared to Respond to a Data Breach

Its Sixth Annual Corporate Preparedness Study Also Reveals That Businesses Lack Confidence in Preventing an Attack with Only 52% Believing Their Plans Are Effective Are companies ready for sophisticated cybercriminals and impact of data breaches? Experian released its annual corporate preparedness study, Is Your Company Ready for a Big Data Breach?, revealing that progress has been made, but companies need to do better. Conducted by the Ponemon Institute, the findings reveal that only 36 percent of businesses are prepared…

1 in 4 Employees Have Experienced a Cyber-Attack or Data Breach

New research by 247meeting has uncovered worrying lapses in workplace security, with senior management often being the biggest culprits. A quarter of senior managers have experienced a stranger on a conference call 26% of employees with access to customer data haven’t been trained on GDPR Over a third of employees don’t know where their security policy is saved Almost half of employees admit to using technology tools to communicate at work without them being password protected Despite the huge potential…

CompliancePoint Announces New White Paper on Data Breach Security Measures

White Paper Shows How System Patching & Vulnerability/Penetration Testing Can Help with Prevention CompliancePoint, a leading provider of information security and risk management services focused on privacy, data security, compliance and vendor risk management, announced a new white paper focused on methods such as system patching and penetration testing used as best practices to prevent a data breach. Nearly a quarter of businesses say it would take them 60 days to detect a breach1; a recent analysis of breaches…

The Third-Party Data Crisis: How the Facebook Data Breach Affects the Ad Tech

In April all the media was on air with the Facebook data breach and the consequent third-party data crisis. Facebook's biggest sin is, in fact, the case of Cambridge Analytica. What is it for the ad tech world? The financial success of the most famous social network is advertising. That’s how Facebook made $16 billion in profit on revenues of $40.7 billion in 2017. And that’s how the whole digital advertising ecosystem works; it’s a $330 billion market worldwide. Zuckerberg explains that Facebook doesn't sell user…

Rakuten Marketing Whitepaper – Avoiding Data Breaches: Understanding What Constitutes a Consumer Data Breach Under GDPR

This Rakuten Marketing Whitepaper Is the Latest in a Series of Industry Expert Thought-Leadership Content With the General Data Protection Regulation (GDPR) deadline behind us, US brands are now under the gun and those uninformed and/or unprepared face real business risk. At the very root of GDPR is a drive to protect consumer data and drive more meaningful, authentic marketing experiences for online shoppers. Rakuten Marketing, a leading technology company that enables brands to increase sales through data-driven…

Dathena Raises $12 Million Series A Round to Drive Global Adoption of AI-Powered Data Privacy and Security Solution

Singapore-based deep-tech company Dathena, the leader in AI-powered data protection and privacy management for global enterprises, announced that they have closed a $12 million Series A round led by Jungle Ventures, with the participation of CapHorn and SEEDS Capital, an investment arm of Enterprise Singapore which is the government agency championing enterprise development. Existing investors Cerracap Ventures and MS&AD Ventures also participated in the round. Following the opening of Dathena's U.S. headquarters in …

NextLabs Launches Enterprise Data Protection Suite for SAP

An end-to-end policy-driven data protection solution for SAP ERP applications NextLabs announced that it will offer the Enterprise Data Protection Suite for SAP, which brings together four major functionalities of an enterprise-class, data-centric security solution needed for today’s digital enterprise - Entitlement Management, Enterprise Digital Rights Management, Data Loss Prevention, and Dynamic Data Masking - into a single cohesive solution. With this comprehensive solution, enterprises will be able to establish an…

ShardSecure Announces General Availability of Microsharding Data Security Solution

ShardSecure, the data protection company whose Microshard technology helps organizations eliminate the sensitivity of data to accelerate cloud adoption, announced the general availability of their ShardSecure Software Appliance. ShardSecure's revolutionary approach to data security uses Microsharding to automatically shred, mix and distribute data in a way that makes it incomplete and unreadable. This ensures that data is protected in the event of a breach, separated from those with privileged access and that the sensitivity…

Immuta Unlocks The Cloud for Sensitive Data Analytics

Native Support for Snowflake, Plus new Privacy and Security Features, Help Customers Confidently Shift to Cloud-based Analytics, BI and Data Sharing Immuta, the automated data governance company, today announced native support for Snowflake, along with new privacy and security automation capabilities, that help organizations fully leverage cloud-based data analytics and data sharing -- even on their most sensitive data sets. Enhancements to the Immuta platform include k-anonymization, the latest addition to Immuta’s…

DataGrail Introduces First-of-its-Kind Smart Verification, Requiring No Additional Personal Information for CCPA Privacy Request…

People can now exercise their CCPA and GDPR rights without submitting additional personal data such as Gov't IDs, Passports to verify their identity DataGrail, a leading privacy management firm, announced its patent-pending "Smart Verification": the industry's first verification solution that does not require an individual to disclose additional personally identifiable information (PII) when submitting a CCPA privacy request. With Smart Verification, organizations can verify an individual's identity by using known data…