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Tag cybersecurity

Widespread Data Breaches: A Growing Reality – Sentinel and Enterprise

Cybersecurity Vulnerabilities Worsen in Massachusetts Amidwave of Data Breaches In Massachusetts, residents are experiencing a troubling surge in data breaches that is compromising personal information on an unprecedented scale. A recent report from Hoodline revealed that over 2,400 breaches occurred across the state last year, impacting nearly 7 million individuals.…

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Important: Your Social Security Number May Already Be Compromised

In a significant data breach, the personal information of potentially hundreds of millions of individuals has been compromised following a cyberattack on National Public Data (NPD), a data brokerage firm based in the United States. Initial reports inaccurately claimed that 2.9 billion records had been breached; however, cybersecurity experts have…

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New SEC Regulations Mandate U.S. Companies Disclose Cyber Attacks Within 4 Days The U.S. Securities and Exchange Commission (SEC) recently approved regulations requiring publicly traded companies to disclose details about cyber attacks within four days of determining that the incident has a “material” impact on their financials. This marks a significant change in the way data breaches are reported. SEC Chair Gary Gensler stated, “Whether a company loses a factory in a fire or millions of files in a cybersecurity incident, it may be material to investors.” He emphasized that while many public companies currently offer cybersecurity disclosures, there would be greater benefits from a more consistent, comparable, and useful approach. The new rules stipulate that companies must share information regarding the incident’s nature, scope, and timing, along with its financial impact. However, companies may request a postponement of up to 60 days for such disclosures if it is deemed necessary.

New SEC Regulations Mandate Prompt Disclosure of Cyber Incidents by Public Companies On July 26, 2023, the U.S. Securities and Exchange Commission (SEC) enacted new regulations requiring publicly traded companies to disclose significant cyber attacks within four days of recognizing their potential impact on financial performance. This development signifies a…

Read MoreNew SEC Regulations Mandate U.S. Companies Disclose Cyber Attacks Within 4 Days The U.S. Securities and Exchange Commission (SEC) recently approved regulations requiring publicly traded companies to disclose details about cyber attacks within four days of determining that the incident has a “material” impact on their financials. This marks a significant change in the way data breaches are reported. SEC Chair Gary Gensler stated, “Whether a company loses a factory in a fire or millions of files in a cybersecurity incident, it may be material to investors.” He emphasized that while many public companies currently offer cybersecurity disclosures, there would be greater benefits from a more consistent, comparable, and useful approach. The new rules stipulate that companies must share information regarding the incident’s nature, scope, and timing, along with its financial impact. However, companies may request a postponement of up to 60 days for such disclosures if it is deemed necessary.

Escalating Risks of Malware and DDoS Attacks Targeting Government Agencies

In July 2024, the FBI and the Cybersecurity and Infrastructure Security Agency (CISA) issued stark warnings regarding a surge in Distributed Denial of Service (DDoS) attacks on election-related infrastructure. SonicWall, a cybersecurity firm, reports a significant escalation in such attacks throughout the year, forecasting a 32% increase in incidents compared…

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Potential Responses of Global Threat Actors to a Second Trump Administration

Cybercrime, Fraud Management & Cybercrime, Government Experts Anticipate Escalating Cyber Threats as Trump Eyes Second Term Chris Riotta (@chrisriotta) • November 11, 2024 Experts warn of intensified Russian attacks on countries aligning with the European Union. (Image: Shutterstock) As speculation grows around a potential second term for former President Donald…

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