Industries most impacted in 2019 continued to be hard hit in both 2020 and so far in 2021, including healthcare, education and financial services. However, the greatest percentage increases occurred in industries that had been generally spared in 2019. The overall implication is that data attacks became broader and deeper during the pandemic, a trend that continues during the recovery.
A data breach is defined as the unauthorized access to sensitive information about a person – whether it's their personal, financial information, passwords, credit card numbers, social security number, and other sensitive information. It is one of the most costly and damaging issues that can plague any person and company. Unfortunately, it has become a far too common occurrence these days as hackers constantly find ways to break even the most complicated security measures.
The escalation in cybersecurity breaches as seen in 2020 has continued well into 2021. According to Verizon’s 2021 DBIR , so far they have looked into 29,207 incidents worldwide. These incidents boiled down to 5,258 confirmed data breaches. An analysis of these breaches shows: Many of these breaches were financially motivated, targeting sensitive data that can be easily monetized and lucratively too. Human negligence, consistent with previous years, was the biggest threat to security.
Businesses in Singapore face mounting challenges to protect customer data as a result of the newly enacted Personal Data Protection (Amendment) Bill (PDPA). With higher penalties expected to be levied from February 2022, it’s imperative that enterprises, particularly those collecting customer data, have a solid information security framework and incident response plan in place.
In today’s world, data breaches are a fact of life for both consumers and companies. It’s become somewhat of a truism to point out that for many companies breaches are a matter of if not when as defenders are at a significant disadvantage.
Recently, while performing a deep inspection of the dark web through Foresiet DigiRisk Platform, our Cyber Research and Support Team (FCRST) noticed, 33M records of Iran Bank were found breached and available. Our researcher has validated the data and it's very scary and has complete information including Account detail, card detail, PII information.
In order to understand how to report a data breach, we first have to know what a data breach actually is. Under the GDPR, a personal data breach is “the accidental or unlawful destruction, loss, alteration, unauthorised disclosure of, or access to, personal data.” This covers a wide range of scenarios, some of which might be surprising. The following would all be considered as data breaches under the GDPR.
As part of the 2021 MSP 500 project, CRN asked MSPs to describe their most significant challenges for 2021. Their answers ranged from 'finding and hiring highly trained new employees' to 'fulfilling clients' sophisticated IT security needs whilst sustaining business in the saturated MSP market.' In 2021 the cybersecurity threats have taken different shades and have compelled the MSPs to refine and increase their security offering to stay relevant and thriving in the market.
The Solarwinds supply chain attack has made the danger of third-party breaches very clear. Businesses globally are realizing that their vendors may not be as secure as they originally thought. The concerning truth about vendor relationships is that you can never be confident of a prospective vendor's cybersecurity. In fact, onboarding new third-party vendors increase your digital risk and the likelihood of becoming victim to a third-party breach.
The trove of 1.3 million RDP credentials leaked recently is yet again proof that, In the underground economy, initial access brokerage is a flourishing market. Cybercriminals are outsourcing the initial access stage of the attack, so they can better focus on the execution and act more quickly.
