The average cost of a data breach worldwide dropped slightly to $4.45 million in 2023, according to a new IBM survey. But breach victims in Japan, India and the ASEAN region have faced rising data breach costs over the past year, rivalling the losses suffered by organizations in Europe.
A new IBM study of data breaches found that if an organization's internal team first detects a breach and the organization has well-practiced incident response plans, that organization will be able to more quickly detect and respond, which will lead to lower breach cleanup costs.
The count of organizations and individuals affected by Clop's attack on MOVEit file-transfer users has increased, with the Teachers Insurance and Annuity Association of America reporting that 2.6 million members' personal details were exposed when Clop hit service provider PBI Research.
The Russian-language Clop crime group's mass exploitation of MOVEit file-transfer software demonstrates how criminals continue to seek fresh ways to maximize their illicit profits with minimal effort. Ransomware response firm Coveware says Clop may clear over $75 million from this campaign.
A Florida hospital is notifying 1.2 million patients that their information was stolen by hackers in a cybersecurity incident that spanned for nearly three weeks in May as attackers tried to encrypt the entity's systems with ransomware. The hospital repelled the attack but couldn't stop the breach.
The count of organizations affected by the Clop ransomware group's attack on MOVEit file-transfer software users continues to grow, now numbering over 400 organizations that were directly or indirectly impacted. More than 20 million individuals' personal details were stolen in the attacks.
This week, the U.S. ambassador to China was the latest Chinese hack victim, Linux malware infected 70,000 routers, Norway banned Meta ads, the MOVEit breach affected 1.2 million more customers, a Russian medical lab suffered a ransomware attack, and Estée Lauder shut down systems after a breach.
It's becoming more critical than ever for hospitals to have vigorous programs that continuously evaluate and address the security risks posed by third-party vendors, said John Riggi, national adviser for cybersecurity and risk at the American Hospital Association.
Cryptocurrency hackers are shifting their focus from bitcoin to other tokens and newer blockchain services such as cross-chain bridges for illicit activity. Why is the oldest crypto token so unappealing to hackers these days, and what do other options offer? Ari Redbord of TRM Labs explained.
How bad is the breach of the MOVEit zero-day to businesses, government agencies and their customers? The short answer is that the known fallout from the Clop ransomware group attack already looks bad and keeps getting worse as ongoing investigations add to the victim count of 20 million people.
Ransomware and malicious cyber activity are growing in the Asia-Pacific region. Anshuman Sharma, associate director of Asia-Pacific at Verizon, dissects the regional impact of ransomware attacks and explains how Asia-Pacific organizations have responded to recent supply chain attacks.
Based on the 1,862 U.S. data breach notifications issued in the first half of this year, 2023 looks set to break multiple records, especially as more breaches come to light due to the Clop ransomware group exploiting a zero-day flaw in widely used MOVEit file transfer software.
This week, an IT security worker was sentenced for impersonating a ransomware gang, Deutsche Bank and other financial institutes were hit by Clop ransomware, USB drive malware attacks are on the rise in 2023, and a gaming company is investigating data breach claims and resetting users' sessions.
Cryptocurrency is the lifeblood of ransomware gangs, and their illicit use of crypto could hit record numbers this year. While overall crypto proceeds, including from crimes such as scams, fell dramatically over the past year, ransomware funds are expected to hit $899 million in 2023.
British prosecutors have accused two teenagers of several high-profile hacks while being part of the now-inactive, teenager-dominated Lapsus$ hacking group, clearing the way for their legal prosecution. The two suspects face charges related to blackmail, fraud and Computer Misuse Act violations.
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