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Why The Data Breach Decline Is Bad News For Businesses

PYMNTS

The Interstate Technology & Regulatory Council (ITRC) released new data on the state of cyberattacks and data breaches with some surprising news: data breaches were actually down in 2020 year-over-year. 19 percent fewer data breaches occurred in the U.S. Canada, Australia and Europe, reports said.

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How To Prevent Data Breaches: 15 Best Practices

EBizCharge

Now more than ever, businesses are focusing on preventing data breaches and implementing response protocols to mitigate breaches if they occur. According to the 2023 IBM Data Breach Report , the global average cost of data breaches was $4.45 What are data breaches?

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AI is a Cause for Celebration But Also a Growing Fear for Firms as They Deal With Data Breaches

The Fintech Times

The cost of data breaches has been on a steady incline for the past decade. However, evidence from IBM , a multinational tech firm, suggests that in the next 10 years, breaches could cost a lot more as we just experienced the highest year-on-year jump in cyber attacks (10 per cent).

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How to Create a GDPR-Compliant Password Policy?

VISTA InfoSec

Weak or compromised passwords are often the weak link in an organization’s security chain, providing an easy entry point for cybercriminals. According to a Verizon report , over 80% of hacking-related breaches are due to compromised passwords.

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Instacart Denies Reported Data Breach Affecting 280K Users

PYMNTS

. “We are not aware of any data breach at this time,” an Instacart spokesperson told BuzzFeed News. “We We take data protection and privacy very seriously. Outside of the Instacart platform, attackers may target individuals using phishing or credential stuffing techniques.

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Chatbot Company Sued By Delta Over Data Breach

PYMNTS

The airline claims that 24[7] fell short of implementing basic security controls like forbidding workers from using the same login credentials or requiring multifactor authentication for employees accessing source code. According to the news outlet, hackers changed the source code of the chatbot via compromised credentials.

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Twitter Apologizes To Clients For Business Data Breach

PYMNTS

Twitter has issued an apology to its business clients acknowledging that personal information may have been compromised, the BBC reported. The tech company said there’s no evidence billing information was compromised. This is not the first time Twitter has been exposed to a data breach. We’re very sorry this happened.