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John Hanley of IBM Security shares 4 key findings from the highly acclaimed annual Cost of a Data Breach Report 2023 What is the IBM Cost of a Data Breach Report? The IBM Cost of a Data Breach Report is an annual report that provides organizations with quantifiable information about the financial impacts of breaches. With this data, they can make data driven decisions about how they implement security in their organization. The report is conducted by the Ponemon Institute and sponsored, analyzed, and published by IBM Security. In 2023, the 18th year the report was published, the report analyzed 553 breaches across 16 countries and 17 industries. According to Etay Maor, Senior Director of Security Strategy at  Cato Networks , "We tend to talk a lot about security issues and solutions. This report puts a number behind threats and solutions and provides a lot of information to support claims of how a threat actor, a solution or a process impacts you financially." Key Finding #1:...

In what believe to be the largest data breach in history, Yahoo is reporting a massive data breach that disclosed personal details associated with more than 1 Billion user accounts in August 2013. …And it's separate from the one disclosed by Yahoo! in September, in which hackers compromised as many as 500 Million user accounts in late 2014. What's troubling is that the company has not been able to discovered how "an unauthorized third party" were able to steal the data associated with more than one Billion users. The data breach officially disclosed on Wednesday actually occurred in 2013 and, just like the one in 2014, allowed the cyber crooks to obtain personal information of its users but not credit card details. Here's what Yahoo's chief information security officer Bob Lord says the hackers obtained: "The stolen user account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (using...

The Nation's second largest Health insurer company, Anthem , alerted its customers on Wednesday that hackers had stolen the personal information of over 80 Millions of its customers, making it the largest data breach and double the number of payment cards affected by Target data breach occurred in 2013. The stolen personal information includes residential addresses, birthdays, medical identification numbers, Social Security Numbers, email addresses and some income data belonging to both current and former customers and employees, including its own chief executive. 80 Million is a vast number — it's roughly the populations of California, Texas and Illinois when combined together. So far, there is no evidence whether financial or medical information of the company's customers was compromised, according to a statement given by Anthem's vice president, Kristin Binns. The health giant, based in Indianapolis, has hired cybersecurity firm FireEye's Mandiant division to wo...

There is no doubt that data breaches are on the rise. Hardly a day goes without headlines about any significant data breach. According to the latest ' Cyber Security Breaches Survey 2016 ' report published by UK government, two-thirds of the biggest firm in the UK have experienced at least a cyber attacks or data breaches within the past 12 months. Here's today, I am writing about top 4 data breaches reported in last 24 hours, threatened your data privacy and online security. 1. Kiddicare Hacked! 794,000 Accounts Leaked Kiddicare has admitted that the company has suffered a data breach, which led to the theft of sensitive data belonging to 794,000 users, including phone numbers and residential addresses. Kiddicare, company that sells child toys and accessories across the United Kingdom, became aware of the data breach after its customers started receiving suspicious text messages – most likely part of a phishing campaign – that attempted to pilfer them to click on a li...

The TARGET Hack was not the only massive Data breach that happened during the last Black Friday, but also other three major US Retailers were also hacked. Recently, Neiman Marcus also confirmed a data breach that involves Credit card theft from its customers during the holiday shopping season, using similar techniques to the one that penetrated Target last month. Neiman Marcus has 79 stores and reported total sales of $1.1 Billion in the Q4 2013. Neiman Marcus revealed that its customers are at risk after hackers breached servers of the company and accessed the payment information of those who visited its stores. The company is working to inform customers whose cards have been used for fraudulent purchases, but differently from the case of retailer Target, the company hasn't provided information on the nature of data leaked and on the number of customer records exposed. Neiman Marcus spokesperson Ginger Reeder announced that the company does not yet know the cause, size or dur...

And the hacks just keep on coming. Timehop social media app has been hit by a major data breach on July 4th that compromised the personal data of its more than 21 million users. Timehop is a simple social media app that collects your old photos and posts from your iPhone, Facebook, Instagram, Twitter and Foursquare and acts as a digital time machine to help you find—what you were doing on this very day exactly a year ago. The company revealed on Sunday that unknown attacker(s) managed to break into its Cloud Computing Environment and access the data of entire 21 million users, including their names, email addresses, and approximately 4.7 million phone numbers attached to their accounts. "We learned of the breach while it was still in progress, and were able to interrupt it, but data was taken. Some data was breached," the company wrote in a security advisory posted on its website. Social Media OAuth2 Tokens Also Compromised Moreover, the attackers also got th...

AT&T has confirmed a security data breach in which attackers have compromised the security of a number of its mobile customers and stolen personal information including Social Security numbers and call records. Back in April this year, AT&T suffered a data breach in which some of its customer information, including birth dates and Social Security numbers had been inappropriately accessed by three employees of one of its third-party vendors, in order to generate codes that could be used to unlock devices. Moreover, the hackers would have also been able to access its users' credit report with Customer Proprietary Network Information (CPNI) during the process without proper authorization, that means the information related to what subscribers purchase from AT&T would also have been compromised. The Dallas-based telecommunications giant did not specify the number of customers or type of information affected by this data breach, but state law requires such di...

Ecuador officials have arrested the general manager of IT consulting firm Novaestrat after the personal details of almost the entire population of the Republic of Ecuador left exposed online in what seems to be the most significant data breach in the country's history. Personal records of more than 20 million adults and children, both dead and alive, were found publicly exposed on an unsecured Elasticsearch server by security firm vpnMentor, which made the discovery during its large-scale mapping project. For a country with a population of over 16 million people, the breach exposed details of almost every Ecuadorian citizen, including President Lenín Moreno as well as WikiLeaks CEO Julian Assange , who was given political asylum in the country in 2012. The unsecured Elasticsearch server, which was based in Miami and owned by Ecuadorian company Novaestrat, contained 18GB cache of data appeared to have come from a variety of sources including government registries, an automot...

Staminus Communications – a California-based hosting and DDoS (Distributed Denial of Service) protection company – is recovering a massive data breach after hackers broke down into its servers and leaked personal and sensitive details of its customers. Though the company acknowledged that there was a problem in a message posted to Twitter on Thursday morning, it did not specify a data breach. Staminus's website went offline at 8 am Eastern Time on Thursday, and on Friday afternoon, a representative said in a Twitter post that "a rare event cascaded across multiple routers in a system-wide event, making our backbone unavailable." What type of information? The dump of information on Staminus' systems includes: Customer usernames Hashed passwords E-mail addresses Customer real names Customer credit card data in plain text Customer support tickets Server logs data Chat logs Source code of some of the company's services including Intreppi...

InterContinental Hotels Group (IHG) is notifying its customers that credit card numbers and other sensitive information may have been stolen after it found malware on payment card systems at 1,174 franchise hotels in the United States. It's the second data breach that U.K.-based IHG, which owns Holiday Inn and Crowne Plaza, has disclosed this year. The multinational hotel conglomerate confirmed a credit card breach in February which affected 12 of its hotels and restaurants. What happened? IHG identified malware accessing payment data from cards used at front desk systems between September 29 and December 29, 2016, but the malware was erased after the investigation got completed in March 2017. "Many IHG-branded locations are independently owned and operated franchises and certain of these franchisee operated locations in the Americas were made aware by payment card networks of patterns of unauthorized charges occurring on payment cards after they were legitimately us...

Another week, another massive data breach. Capital One, the fifth-largest U.S. credit-card issuer and banking institution, has recently suffered a data breach exposing the personal information of more than 100 million credit card applicants in the United States and 6 million in Canada. The data breach that occurred on March 22nd and 23rd this year allowed attackers to steal information of customers who had applied for a credit card between 2005 and 2019, Capital One said in a statement. However, the security incident only came to light after July 19 when a hacker posted information about the theft on her GitHub account. The FBI Arrested the Alleged Hacker The FBI arrested Paige Thompson a.k.a erratic, 33, a former Amazon Web Services software engineer who worked for a Capital One contractor from 2015 to 2016, in relation to the breach, yesterday morning and seized electronic storage devices containing a copy of the stolen data. Thompson appeared in U.S. District Court o...

Personal details of some 120 Million customers have been allegedly exposed on the Internet in probably the biggest breach of personal data ever in India. Last night, an independent website named Magicapk.com went online, offering Reliance Jio customers to search for their identification data (Know Your Customer or KYC) just by typing in their Jio number. Reliance set up the Jio 4G network across the length and breadth of India in September last year and gained more than 50 million subscribers within a span of just 83 days. The company gave seven months of free internet, unlimited calls, unlimited music to its subscribers. Although the website that claimed to have hacked into Jio database is no longer accessible, many users confirmed their personal data showed up on the website, displaying their names, email addresses and most alarmingly, in some cases, Aadhaar numbers. Aadhaar is a 12-digit unique identification number issued by the Indian government to every resident of In...

It's the last month of this year, but possibly not the last data breach report. Nissan warns of a possible data breach of personal information on its customers who financed their vehicles through Nissan Canada Finance and INFINITI Financial Services Canada. Although the company says it does not know precisely how many customers were affected by the data breach, Nissan is contacting all of its roughly 1.13 million current and previous customers. In a statement released Thursday, Nissan Canada said the company became aware of an " unauthorized access to personal information " of some customers on December 11. " Nissan Canada Finance recently became aware it was the victim of a data breach that may have involved an unauthorized person(s) gaining access to the personal information of some customers that have financed their vehicles through Nissan Canada Finance and INFINITI Financial Services Canada, " the company said . It's believed that the unkno...

IBM's 2023 installment of their annual " Cost of a Breach " report has thrown up some interesting trends. Of course, breaches being costly is no longer news at this stage! What's interesting is the difference in how organizations respond to threats and which technologies are helping reduce the costs associated with every IT team's nightmare scenario.  The average cost of a breach rose once again to $4.45 million, increasing 15% over the last three years. Costs associated with escalation and detection have rocketed up 42% during the same period. With that in mind, I was surprised to learn that only 51% of the breached entities surveyed by IBM decided to bolster their security investments, despite the rising financial consequences of dealing with a breach. Headline stats around breach costs are interesting – but can digging into these trends actually help you save money? Organizations want to know where to invest their security budget and which technologies offer the bes...