- 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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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.
The need to prove network compliance is intensifying as lawmakers introduce new privacy legislation and organizations update their contractual security requirements for third-party vendors.
The massive cyberattack on Change Healthcare has potentially compromised the personal and protected health information of an untold number of Americans, according to parent company UnitedHealth Group.
AT&T said personal account data on approximately 73 million current and former customers was released on the dark web two weeks ago but has not yet identified when and where the breach occurred.
When organizations move their data or operations to the cloud, the compliance team has their work cut out and then some, experts discussed at CW’s Cyber Risk & Data Privacy Summit.
