REPORT BREACH

Tag cybersecurity

Experts Weigh In: The Rising Trend of Data Breaches – NBC 6 South Florida

A growing concern in the digital landscape, data breaches have become a common threat, impacting organizations and individuals alike. Many have received notifications indicating that their personal information has been compromised, a grim reminder of the vulnerabilities present in our connected systems. Sophisticated cybercriminals are adept at exploiting these vulnerabilities…

Read MoreExperts Weigh In: The Rising Trend of Data Breaches – NBC 6 South Florida

ISMG Editors: Ransomware – An Escalating Public Health Emergency

Fraud Management & Cybercrime, Healthcare, Industry Specific In the Spotlight: Anticipating Donald Trump’s Second Term; A Noteworthy Cybersecurity Merger Anna Delaney (annamadeline) • November 15, 2024 Clockwise from top left: Anna Delaney, Marianne Kolbasuk McGee, Chris Riotta, and Michael Novinson The latest discussion among the ISMG editorial team has spotlighted…

Read MoreISMG Editors: Ransomware – An Escalating Public Health Emergency

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.…

Read MoreWidespread Data Breaches: A Growing Reality – Sentinel and Enterprise

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…

Read MoreImportant: Your Social Security Number May Already Be Compromised

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.