The healthcare sector in the United States has seen a continuous increase in both the frequency and cost of data breaches in the past decade. This is shown by a 61% rise in HIPAA violations from 2019 to 2020, resulting in penalties totaling $13 million for the sector. From 2020 to 2023, the average cost of a single healthcare data breach in the US rose nearly 30%, reaching a whopping $9.3 million.

What do Morgan Stanley, Samsung, and a New York credit union all have in common? They aren’t of the same scale, do not cater to the same customer needs, nor do they store similar data. But, if there’s one thing in common between these three organizations, it’s that they’ve all been victims of a data leak. Morgan Stanley, the banking conglomerate, suffered a data leak due to sheer negligence of handling data at rest.

Statista projects that the total cost of cybercrime will increase from $6.4 trillion between 2024 and 2029, reaching a staggering $15.63 trillion by the end of this period. They reported: "The global indicator 'Estimated Cost of Cybercrime' in the cybersecurity market was forecast to continuously increase between 2024 and 2029 by in total 6.4 trillion U.S. dollars (+69.41 percent). "After the eleventh consecutive increasing year, the indicator is estimated to reach 15.63 trillion U.S.

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The digital footprint of organizations has evolved and grown significantly over the past 10 years, now its important to not only protect just IP addresses and domains but also social media, payment platforms, and third-party services. Identifying risks like vulnerabilities, supply chain attacks, and credential leaks are crucial for organizational security. The Cyberint team have analyzed 1000s of risks and threats and narrowed down the top 4 risks facing Latin America in 2024 and going into 2025.

The 2024 recognition momentum for Splunk continues! Splunk is ranked #1 for the fourth year in a row in the IDC Worldwide Security Information and Event Management Market Shares, 2023: The Leaders in SIEM City (doc # US52525024, September 2024) report. Splunk has also been named a Leader in the IDC MarketScape: Worldwide SIEM for Enterprise 2024 Vendor Assessment (doc #US49029922, September 2024).