data breach

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The Trend from 2019 You Didn’t Expect

Biggest trend in 2019 - Executives let their IT departments determine the risk level of the entire company. What actually happened in 2019? Increase in Ransomware Increase in Business Email Compromise Increase in compliance driven by clients Increase in compliance driven by EU and (incoming… California) What should you be doing in 2020? Avoiding phishing and social engineering attempts Using a password manager AND not repeating your passwords Use multi-factor and advanced biometrics when available Shocked by any of this? [...]

Losses due to recent strains of ransomware; Option A= $62million? or Option B = $310million?

Both sound like bad options, but the choice is obvious. The recent reports of “Bad Rabbit” attacks have put ransomware top of mind in the cybersecurity world. Bad Rabbit is certainly not the first of its kind; in fact, it’s not even the first this year. The ransomware dubbed “Petya” was first discovered in 2016 and morphed into the still more dangerous “NotPetya” in March of 2017. NotPetya wreaked havoc for thousands of users worldwide, taking advantage of weaknesses in [...]

What should you do right before you’re breached?

“I am convinced that there are only two types of companies: those that have been hacked and those that will be.”         -Robert Mueller, Former FBI Director There is a simple first step to preparing your company for a breach at no cost. Malicious cyber techniques are becoming more and more sophisticated every day, and as they do, incident prevention becomes more and more difficult. The likelihood of experiencing a breach is higher than ever. Incident Response is a [...]

Data Breaches: Not Statistics, Personal Lives

Today, NBC10 interviewed Layer 8 Security to provide subject matter expertise on the breach affecting Women’s Healthcare Group of PA, one of the largest OB/GYN practices in the region. The news piece was well done; in addition to laying out the facts, the interview focused on the husband of one of the victims. 2017-07-25 Security Breach at Women's Health Care Group of Pennsylvania They highlighted the human factor. Behind the headlines about companies being breached, real people are affected by stolen [...]

How much does a cyber breach cost?

How much does a data breach actually cost? IBM sponsored the Ponemon Institute to research (the report can be viewed at http://www-03.ibm.com/security/data-breach) and answer the question "What is the cost of a cyber breach in 2015?" The research encompassed over 350 organizations across 11 countries. The question is a complex one, with many interconnected factors such as: Size of the company: small, medium, large, enterprise Industry of the company: retail, healthcare, manufacturing, etc. Regulations that apply to the specific industry [...]

2016-03-14T18:10:14-04:00By |Tags: , , , |

The Cost of Data Breaches Continue to Rise

Data breaches in 2014 made major headlines as large organizations such as Sony, Neiman Marcus and The Home Depot were compromised. 2015 has proven to be no different with BlueCross, Anthem and Ashley Madison joining the crowd. The biggest issue; however, is that the headlines only show the big fish, ones who can likely recover. What goes unnoticed are the other 1,400+ organizations who have been compromised in the past two years. This has led many C-Level executives of small [...]

Cyber insurance regulations: Senate probes federal data breach protections bill

Cyber insurance is becoming a significant market force that will drive improved cyber security for both companies and by extension the consumers and the nation as a whole. It is more than just an instrument to transfer risk, it provides incentives to understand and mitigate risks. To wit, attached is a summary of the most recent Senate hearing: U.S. Sen. Jerry Moran (R-Kan.), chair of the Subcommittee on Consumer Protection, Product Safety, Insurance, and Data Security, held a hearing March [...]