Equifax Agrees to $650 Million in Largest Ever Data Breach Settlement
Two years after a 2017 data breach that exposed the data of nearly 150 million people, Equifax has agreed to pay at least $650 million, and possibly more, in the largest ever settlement for a…
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Average Cyber Attack Cost Would Close 48% of Small Businesses
Over half of small to medium sized business executives recently declared that suffering a major data breach is more of a threat to their business than a flood, fire, strike, or physical break in to…
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Data Breach Costs Often Felt 2 or More Years After Hack
Cyber attacks can cause large amounts of sensitive and valuable data to be exposed via hackers. But cyber attack effects do not end as soon as the data is exposed soon after the attack. The…
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The U.S. has Lost $1.6 Trillion Due to Data Breaches Since 2008
Since 2008, the United States has lost an overall amount of more than $1.6 trillion due to data breaches alone. Even these figures may be on the low end of the real number lost, however, as…
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Microsoft Emails Hacked in Breach
Some of Microsoft’s email services, which include Outlook, MSN, and Hotmail, were breached by hackers with users’ email addresses, folder names, email subject lines, and names of email addresses users communicated with between January and…
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The Fiduciary Duty of Protecting Against Cyber Attacks
Under ERISA, fiduciaries are subject to the prudent expert standard of care, in which they have to act with diligence, care, and skill under the circumstances as professionals their field would. They also owe a…
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Protections Against Cyber Attacks & Data Breaches
Cyber attacks seem to happen every week these days. As those bigger companies beef up their cybersecurity to prevent hacks, cyber attackers are increasingly likely to go after the less protected companies which ends up…
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Cyber Attack “Kill Chain” has Shortened
Even as cyber attacks become more sophisticated, hackers’ cyber kill chain, or the number of steps it takes to complete a cyber attack, has greatly shortened. Whether they have been able to become more efficient…
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Cyber Attacks Versus Small Businesses Rising
Larger companies are investing more money into their cybersecurity defenses as cyber attacks and data breaches become more prevalent, happening to entities ranging from larger companies like Sony to esteemed organizations like NASA. So cyber…
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