As Data Breach Costs Soar, Healthcare Organizations Must Double Down on these Security Non-Negotiables
Healthcare continues to be the most costly industry for data breaches, a distinction the sector has held for 14 consecutive years.
To be fair, the average cost of a healthcare data breach has fallen by roughly 11% since 2023, according to IBM’s latest Cost of a Data Breach report. But even so, the average price tag for a data breach in the healthcare industry sits at a staggering $9.8 million. That’s $3.7 million higher than the average fallout of a data breach in the financial industry, the sector with the next most costly breaches. {Read full article here}
Cybersecurity Spending to Surge by 15% to $212 Bn in 2025
A report forecasts a significant increase in global cybersecurity spending in 2025, driven by rising cyber threats, AI-powered attacks, and the skills shortage. {Read full article here}
For many organizations, electronic payments are the norm–accounting for a majority of settlement activity. Technology has made transactions among businesses smarter, faster, more secure and cost efficient for all parties involved. Nevertheless, paper checks continue to be widely used in B2B transactions, a reminder of how sticky legacy processes and systems can be. {Read full article here}
Mobile apps show growing threat landscape
Recent insights from the 2023 Global Mobile Threat Report by mobile security vendor Zimperium highlight an alarming surge in detected vulnerabilities. The report found “a 138% increase in critical Android vulnerabilities discovered in 2022, while Apple iOS accounted for 80% of the zero-day vulnerabilities actively being exploited in the wild.” {Read full article here}