Seven in 10 senior financial executives at the world’s largest companies believe their insurer would cover most or all of the losses their company would incur in a cyber attack. Many of the losses they foresee, however, are rarely covered by insurance.
In a world where devices of all types are connected to networks, the need to maintain strong cybersecurity is greater than ever. For organizations, particularly those that retain financial and other sensitive company and customer data, cybersecurity is critical, as the results of a network breach could be catastrophic.
Capital One Financial Corporation announced a data breach that affected approximately 100 million individuals in the United States and approximately 6 million in Canada.
City Power, who is responsible for providing power to Johannesburg, South Africa, said on Thursday it had been hit by a ransomware virus that had encrypted all of its databases, applications and network.
Tangipahoa Parish School System phone lines and email will be offline for the most part on Monday as a precaution after district officials discovered a potential cybersecurity issue on their network Sunday evening.
More than half of organizations (53 percent) rate their Security Operation Center’s (SOC) ability to gather evidence, investigate and find the source of threats as ineffective, according to the Improving the Effectiveness of the Security Operations Center study.
A K12.com database containing almost 7 million student records was left open so that anyone with an internet connection could access it, says a news report.
