Average Data Breach Cost Hits All-time High of $4.4M
According to IBM’s annual Data Breach report, the average cost of a data breach reached an all-time global high of $4.45 million, up 2.3% from 2022 and 15.3% since 2020. While $4.45 million is the average across the 16 countries included in IBM’s survey of 553 organizations, breaches in the United States cost far more […]
Ransomware Attacks in the Construction Industry
As the construction industry continues to increase its use of technology, the risks of cyberattacks also rise. According to an analysis by encryption software company Nordlocker, the construction industry had the most cases of ransomware attacks between January 2022 and January 2023. Certain aspects of the construction industry make it vulnerable to attacks, such as […]
Cyberthreats Are a Leading Cause of Loss at Hotels and Motels
The nature of the day-to-day business at hotels and motels puts them at high risk of cyberattacks. These organizations handle enormous amounts of personally identifiable information (PII) and personal financial information (PFI), making them lucrative targets for cybercriminals. In fact, data shows cyber losses account for 18% of all losses at hotels and motels. The […]
