Boardroom Executives Are Taking Cyberattacks As Seriously As Heart Attacks

19 Jul Boardroom Executives Are Taking Cyberattacks As Severely As Coronary heart Assaults

This week in cybersecurity from the editors at Cybercrime Journal

– Learn the Full Story in Newsday 

Sausalito, Calif. – Jul. 19, 2024

Newsday stories that within the first half of 2024 one billion people had their information uncovered in a number of incidents on account of third-party breaches, in keeping with a report by the San Diego-based nonprofit Id Theft Useful resource Middle.

The biggest was the information breach at Ticketmaster, which affected 560 million accounts when buyer information was stolen from a vendor it makes use of, Snowflake, a cloud-based information storage firm.

Most of these occasions are generally known as provide chain assaults within the cybersecurity business, mentioned Steve Morgan, founding father of Northport-based Cybersecurity Ventures and writer of Cybercrime Journal.

Cybersecurity Ventures estimated the world value of provide chain assaults to companies would attain $60 billion in 2025, primarily based on 15 % annual development. The rising value of cybercrime has led company leaders to take discover, he mentioned.

“Now that boardroom and C-suite executives have discovered the arduous approach, they’re taking cyberattacks as severely as coronary heart assaults,” Morgan mentioned.

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