Data Security

April 6, 2017
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It’s no secret that cybersecurity has become a more pressing issue over the past decade. According to a PWC Global State of the Information Security Survey in 2015, the number of cybersecurity incidents has increased at an annual rate of 66 percent. Both the range and complexity of cyber threats are expanding—from ransomware to compromises of critical infrastructure.

Yet, when those threats materialize, too few businesses and...

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March 1, 2017
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Small and midsize businesses are increasingly at risk for data breach class action lawsuits that typically have targeted large corporations.

Large companies are learning to address cyber threats. Hackers are responding by setting their sights on SMBs. It’s simply more productive and efficient to attack poorly protected companies that could take weeks or even months to notice they’ve been breached.

The changing litigation landscape

As the risk...

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March 1, 2017
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Despite awareness that hackers are relentlessly launching cyber attacks, most companies say they don’t have a clearly defined risk strategy or one that applies to the entire company, a new survey finds.

The survey, conducted by the Ponemon Institute and sponsored by RiskVision, polled 641 individuals involved in risk management activities within their organizations. More than half held executive and management positions.

“There is a big disparity between awareness and...

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January 23, 2017
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As a partner at the Canadian law firm Borden Ladner Gervais, Éloïse Gratton advises her clients on legal, practical and ethical ways to protect an individual’s privacy while conducting business nationally and internationally. She has testified before Canada’s House of Commons and other federal bodies and conducted training workshops attended by judges and members of the Parliament.

ThirdCertainty sat down with Gratton just after she...

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January 16, 2017
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In the past couple of years there’s been a significant uptick in talk about cyber insurance. This comes as no surprise, as risk has risen well beyond manageable levels and the costs associated with breaches now impact bottom lines. The breach that hit Target in 2013 drove damages that exceeded $290 million. The attack on Sony dismantled the release of a major motion picture and led to the termination of at least one top executive.

...

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January 13, 2017
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Many savvy businesses are investing time and thought into data breach response plans. But plans rarely survive first contact with the enemy. That's why it's important to stress test your incident response plan to find and resolve its weaknesses while time is on your side.

Studies show that a swift response to a security incident retains customer trust—and saves costs. Breaches contained within 30 days of discovery cost an average of $5.24 million. If it takes more than 30 days to...

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January 11, 2017
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As 2017 unfolds, ransomware is becoming one of the biggest security headaches for organizations and individuals alike. And criminals are capitalizing on this newly lucrative niche.

Ransomware attacks have grown rapidly in number, sophistication, and the amount demanded. According to Kaspersky, 62 new ransomware families were discovered by the third quarter of 2016. Meanwhile, the number of attacks on businesses grew from one every...

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December 6, 2016
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Glass ceilings are not exclusive to the White House. The cyber security industry, too, is struggling to open career paths for women.

Although the number of women in the profession is growing, their proportion of the information security workforce—about 10 percent, according to a 2015 Frost and Sullivan...

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December 2, 2016
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By Amit Ashbel

National Cybersecurity month has come and gone in a flurry of analyzing security practices and determining which areas need more attention. But instead of waiting another year to revisit the topic, companies should carve out time regularly to ensure they’re keeping security top of mind and avoiding falling victim to vulnerabilities.

Related:...

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November 29, 2016
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Officials at U.K.-based Tesco Bank may wish to convey that the dust has settled regarding a stunning cyber attack in which thousands of patrons directly lost cold, hard cash.

But that certainly is not the case. In fact, the longer-term ramifications Tesco and its customers...

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