- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Adrianne Appel2024-05-07T21:21:00
A larger percentage of cyberattacks last year involved breaches from within organizations compared to previous years, a new industry report indicated.
Verizon’s “2024 Data Breach Investigations Report” expanded its data set with more than 30,000 cybersecurity-related incidents across 94 countries that occurred between Nov. 1, 2022 and Oct. 31, 2023. About 10,000 incidents involved confirmed data breaches that formed the basis for the analysis.
The report found 35 percent of data breaches were caused by internal actors, compared to 20 percent the year before. Most of these internal breaches (73 percent) occurred after someone made an honest mistake.
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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.
Two chief compliance officers and an attorney discussed preparation for the “when, not if” threat of a data breach during a panel at CW’s Cyber Risk & Data Privacy Summit.
About 83 percent of data breaches are perpetrated by external bad actors and not employees, with 70 percent of those breaches linked to organized crime groups with financial motives, according to the latest research.
UnitedHealth Group’s response to a major cyberattack in February that wreaked havoc with medical payments nationwide has been “inadequate” and must be improved immediately, a group of 22 state attorneys general told the company.
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.
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.
