- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Adrianne Appel2023-07-25T20:47:00
The global average cost of a data breach reached a new all-time high of $4.45 million in 2023, according to IBM’s annual report.
The “Cost of a Data Breach Report 2023,” which analyzed 553 organizations across 16 different countries impacted by data breaches between March 2022 and March 2023, found costs related to data breaches have increased 15 percent since 2020.
Nearly 40 percent of the incidents studied caused loss of data across multiple areas, including physical locations and the cloud, IBM said in a press release Monday.
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The global average cost of a data breach jumped to an all-time high for the second year in a row, but companies can reel in the ballooning drag on profits by adopting artificial intelligence, according to an IBM report.
Despite its reputation as a fierce enforcer of sanctions, the Office of Foreign Assets Control has a softer side and wants to help companies that are hit with ransomware attacks, according to the agency’s senior compliance officer.
New guidance released by the Cybersecurity and Infrastructure Security Agency offers best practices for organizations in the healthcare and public health sector to adopt to combat rising cyber threats.
American Water Works Company, which supplies drinking water and wastewater to 14 million customers, disclosed a breach of its computer networks and system due to a cybersecurity incident.
The U.S. Department of Energy released supply chain cybersecurity principles meant to help strengthen key technologies used to manage and operate electricity, oil, and natural gas systems.
The Environmental Protection Agency is increasing its inspections of public drinking water systems after finding a majority of those reviewed were vulnerable to cyberattacks and related threats.
