Data breaches and security incidents are becoming increasingly costly. Canadian lender Desjardins Group recently revealed it had spent C$70 million ($53 million) in the wake of a breach earlier in the year that exposed personal information of 2.9 million members. Manufacturer Norsk Hydro said the final bill for its crippling cyberattack could be as high as $75 million. British Airways and Marriott have had to add $100 million each onto the final cost of their incidents after falling foul of GDPR.
You May Also Like
LastPass customers’ master passwords breached. Change your master password before hackers do
As of this morning, multiple users of the LastPass password management tool…
- Cybersdecurity RedFlag
- December 29, 2021
Cyberattack on Codecov exposes Rapid7 solution source code
An emergency alert from enterprise security firm Rapid7 notes that its systems…
- cybersecurityredflag_sdevzw
- May 14, 2021
U.S. Police Departments Become Frequent Victims of Ransomware Hackers
A couple of months ago the Police Department in Azusa, California was…
- cybersecurityredflag_sdevzw
- June 1, 2021
Facebook and Google fined with $200 million USD by French government for cookies policy
The French authority on information security determined to impose a €60 million…
- Cybersdecurity RedFlag
- January 7, 2022