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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:...

Two grey hat hackers have pleaded guilty to blackmailing Uber , LinkedIn, and other U.S. corporations for money in exchange for promises to delete data of millions of customers they had stolen in late 2016. In a San Jose courthouse in California on Wednesday, Brandon Charles Glover (26) of Florida and Vasile Mereacre (23) of Toronto admitted they accessed and downloaded confidential corporate databases on Amazon Web Services using stolen credentials. After downloading the data, the duo contacted affected companies to report security vulnerabilities and demanded money in exchange for the deletion of the data, according to a press release published by the US Justice Department. "I was able to access backups upon backups, me and my team would like a huge reward for this," the hackers said to the victim company in an email. "Please keep in mind, we expect a big payment as this was hard work for us, we already helped a big corp which paid close to 7 digits, all ...

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...

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...

In a US SEC (Securities and Exchange Commission)  8-K filing , Omnicell, the healthcare technology provider, revealed that some of its products, services, and internal systems were affected by ransomware.  Upon detecting the incident, the medication management systems provider took immediate action to contain the attack and ensure continued operation. In its  10-Q form  filing, Omnicell disclosed that cyber-attacks or data breaches disrupted its business.  Will you be the next victim? If you overlook the importance of data protection, attackers can get you in no time.  Explore the  impact of the data breach  on the healthcare sector and what preventive measures can be taken against such attacks. Omnicell Announced Data Breach  Founded in 1992, Omnicell is a leading provider of medication management solutions for hospitals, long-term care facilities, and retail pharmacies.  On May 4, 2022 , Omnicell's IT systems and third-party clo...

Equifax has suffered one of the largest data breaches in history that has left highly sensitive data of as many as 143 million people —that's nearly half of the US population—in the hands of hackers. Based on the company's investigation, some unknown hackers managed to exploit a security flaw on the Equifax website and gained unauthorized access to certain files between mid-May and July 2017. The information accessed primarily include full names, birth dates, Social Security numbers, addresses and, in some cases, driver's license numbers—most of the information that's banks, insurance companies, and other businesses use to confirm a consumer identity. The company added that 209,000 credit card numbers were also obtained by the attackers, along with "certain dispute documents with personal identifying information for approximately 182,000 U.S. consumers." Equifax is one of the three major organizations in the United States that calculates credit scor...

Another day, another data breach. This time a fast-fashion retailer has fallen victim to payment card breach. American clothes retailer Forever 21 announced on Tuesday that the company had suffered a security breach that allowed unknown hackers to gain unauthorized access to data from payment cards used at a number of its retail locations. The Los Angeles based company, which operates over 815 stores in 57 countries, didn't say which of its stores were affected, but it did note that customers who shopped between March and October this year may be affected. Forever 21 learned of the breach after the retailer received a report from a third-party monitoring service, suggesting there may have been "unauthorized access to data from payment cards that were used at certain FOREVER 21 stores." Besides this, the company also revealed that it implemented encryption and token-based authentication systems in 2015 that are intended to protect transaction data on its point-...

Meta Platforms, the parent company of Facebook, Instagram, WhatsApp, and Threads, has been fined €251 million (around $263 million) for a 2018 data breach that impacted millions of users in the bloc, in what's the latest financial hit the company has taken for flouting stringent privacy laws. The Irish Data Protection Commission (DPC) said the data breach impacted approximately 29 million Facebook accounts globally, of which approximately 3 million were based in the European Union and European Economic Area (EEA). It's worth noting that initial estimates from the tech giant had pegged the total number of affected accounts at 50 million. The incident, which the social media company disclosed back in September 2018, arose from a bug that was introduced to Facebook's systems in July 2017, allowing unknown threat actors to exploit the "View As" feature that lets a user see their own profile as someone else. This ultimately made it possible to obtain account ac...

Here we are with our weekly roundup, briefing this week's top cybersecurity threats, incidents, and challenges, just in case you missed any of them. Last week has been very short with big news from the theft of over 4,700 Bitcoins from the largest cryptocurrency mining marketplace to the discovery of a new malware evasion technique that works on all versions of Microsoft's Windows operating system. Besides this, the newly discovered Janus vulnerability in the Android operating system and a critical remote code execution (RCE) vulnerability in Malware Protection Engine (MPE) for which Microsoft released an emergency patch made their places in our weekly roundup. I recommend you to read the entire news (just click 'Read More' because there's some valuable advice in there as well). So, here we go with the list of this Week's Top Stories: Process Doppelgänging: New Malware Evasion Technique A team of researchers, who previously discovered AtomBombing...

Western landscapes are facing a hell lot of data breaches started with Target , Neiman Marcus and now country's largest crafts chain ' Michael's Art and Crafts ' may be is the latest retailer hit by a security breach. In a statement, Irving, Texas-based company acknowledged a possible data security breach that may have affected its customers' payment card information at its 1250 stores across the United States and Canada. They also announced that it is working closely with federal law enforcement and is conducting an investigation with the help of third-party data security experts to establish the facts. " Michaels said in its statement that it had "recently learned of possible fraudulent activity on some US payment cards that had been used at Michaels, suggesting that the company may have experienced a data security attack " company said . CEO Chuck Rubin said that the company has not confirmed a breach, but wanted to alert customers: ...

Another Day, Another Data Breach! And this time, it's worse than any recent data breaches. Why? Because the data breach has exposed plaintext passwords, usernames, email addresses, and a large trove of other personal information of more than 6.6 Million ClixSense users. ClixSense, a website that claims to pay users for viewing advertisements and completing online surveys, is the latest victim to join the list of " Mega-Breaches " revealed in recent months, including LinkedIn , MySpace , VK.com , Tumblr , and Dropbox . Hackers are Selling Plaintext Passwords and Complete Website Source Code More than 2.2 Million people have already had their personal and sensitive data posted to PasteBin over the weekend. The hackers who dumped the data has put another 4.4 Million accounts up for sale. In addition to un-hashed passwords and email addresses, the dump database includes first and last names, dates of birth, sex, home addresses, IP addresses, payment histories,...

No business is out of danger of cyberattacks today. However, specific industries are particularly at risk and a favorite of attackers. For years, the healthcare industry has taken the brunt of ransomware attacks, data breaches, and other cyberattacks. Why is the healthcare industry particularly at risk for a cyberattack? What are the unique challenges to cybersecurity in healthcare, and how can healthcare organizations address these? Healthcare at risk Attackers are targeting various industries across the board. However, attackers seem to have a particular affinity for healthcare organizations. For eleven consecutive years, in the  IBM Cost of a Data Breach Report 2021 , healthcare had the highest industry cost of a breach. Additionally, Healthcare data breach costs increased from an average total cost of $7.13 million in 2020 to $9.23 million in 2021, a 29.5% increase. However, the tremendous cost sustained by healthcare organizations for data breach events is not only due to...

500 million accounts — that's half a Billion users! That's how many Yahoo accounts were compromised in a massive data breach dating back to 2014 by what was believed to be a "state sponsored" hacking group. Over a month ago, a hacker was found to be selling login information related to 200 million Yahoo accounts on the Dark Web , although Yahoo acknowledged that the breach was much worse than initially expected. "A recent investigation by Yahoo! Inc. has confirmed that a copy of certain user account information was stolen from the company's network in late 2014 by what it believes is a state-sponsored actor," reads the statement . Yahoo is investigating the breach with law enforcement agency and currently believes that users' names, email addresses, dates of birth, phone numbers, passwords, and in some cases, encrypted and unencrypted security questions-answers were stolen from millions of Yahoo users. However, the company does not believe ...