New data shows that cyber attacks have resulted in double the number of data breaches in 2024 than throughout all of 2023. After a data breach, there are two common impacts– an organization with disrupted operations and customer victims. We tend to focus only on the duration it takes for an organization to regain normal operations, but the total number of victims from a data breach can take years to tally.

Access to data comes with significant responsibility, and misuse of this access can negatively affect organizations. When employees misuse data for personal gain or other unauthorized purposes, it can jeopardize data security and lead to costly breaches. Indeed, 68% of data breaches involve a human element, according to the 2024 Data Breach Investigations Report by Verizon.

A recent security incident has shaken the cryptocurrency community as Gemini, a prominent US-based crypto exchange, disclosed a supply chain breach that compromised personal and banking information of thousands of customers. This breach underscores the importance of robust digital footprint analysis and brand protection strategies in the ever-evolving landscape of cybersecurity.

Another day, another API breach in the news. The latest breach occurred on the Life360 platform where an advisory was able to gleam 400k user phone numbers, based on the article written on Bleepingcomputer.com. Known only by their 'emo' handle, they said the unsecured API endpoint used to steal the data provided an easy way to verify each impacted user's email address, name, and phone number.

Breakdancing is coming to the world stage while French citizens stage a creative protest with the hashtag “JeChieDansLaSeineLe23Juin.” We’ll leave the dirty research on that to you. Regardless, the ramp-up to the 2024 Paris Olympics is proving to be an exciting and controversial affair. However, the Olympic call isn’t reserved for top athletes and sports enthusiasts. It’s also a prime opportunity for scam artists and fraudsters to exploit an influx of tourists.

In today's digital landscape, businesses heavily rely on third-party software for their daily operations. This reliance has led to a surge in software supply chain attacks, which are becoming increasingly prevalent and sophisticated. These attacks exploit vulnerabilities in external tools or services to gain unauthorized access and compromise systems.

In a significant development in the realm of data security, Verizon Communications has agreed to a $16 million settlement with the Federal Communications Commission (FCC) following a series of data breaches at its subsidiary, TracFone Wireless. The breaches, which occurred between 2021 and 2023, have led to increased scrutiny on Verizon's data protection practices and will result in mandatory improvements to its security measures.

Healthcare data breaches are on the rise, with a total of 809 data violation cases across the industry in 2023, up from 343 in 2022. The cost of these breaches also soared to $10.93 million last year, an increase of over 53% over the past three years, IBM’s 2023 Cost of a Data Breach report reveals. But data breaches aren’t just expensive, they also harm patient privacy, damage organizational reputation, and erode patient trust in healthcare providers.

Over the last few months, there have been a number of credential-based breaches, including the attacks on Ticketmaster, Santander Bank, and others. As details regarding this string of attacks continue to be uncovered, it is critical that organizations take precautionary measures in order to protect themselves and their customers from potentially being compromised by cybercriminals.

In today’s digital landscape, the importance of robust cybersecurity measures cannot be overstated. Yet, despite the clear and present danger posed by cyber threats, many organizations still underinvest in cybersecurity, operating under a false sense of security. This complacency can be incredibly costly, as the financial ramifications of cybersecurity breaches are staggering.