- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Adrianne Appel2023-06-08T20:06:00
About 83 percent of data breaches are perpetrated by external bad actors and not employees, contractors, or other people within organizations, according to the latest research.
The “Verizon 2023 Data Breach Investigations Report” analyzed 16,312 security incidents that occurred between Nov. 1, 2021, and Oct. 31, 2022, of which 5,199 were confirmed data breaches.
About 70 percent of all external actors behind the breaches were with organized crime, according to the report, which is based on information from Verizon Threat Research Advisory Center investigators, reports provided by data contributors, and publicly disclosed incidents. Verizon collaborated with MITRE Engenuity and the Center for Threat-Informed Defense on the report.
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Verizon’s annual data breach report shows trends in cybersecurity incidents, including more ransomware and extortion attacks last year.
The Australian Prudential and Regulation Authority will require Medibank Private to hold 250 million Australian dollars (U.S. $166 million) in extra capital until the insurer remediates identified cybersecurity weaknesses after a significant data breach.
Compliance teams are taking more responsibility for issues related to information security and data privacy, motivated by increasing threats posed by data breaches and cyber intrusions, according to a new survey from NAVEX.
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 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.
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.
