Tag: #InformationSecurity
The PayPal data breach settlement has made headlines as the company agreed to pay $2 million after a 2022 security incident exposed sensitive information of approximately 35,000 users. The breach, which occurred due to a credential stuffing attack, compromised personal details such as names, addresses, Social Security numbers, and tax identification numbers. This settlement not […]
Top cybersecurity companies are instrumental in mitigating the financial toll of cybercrime, a growing concern as global cybercrime damage costs are projected to hit $9.5 trillion USD annually by 2024, according to Cybersecurity Ventures. This staggering figure breaks down to $793 billion USD per month and $182.5 billion USD every week, highlighting the urgent need […]
Cybercrime is projected to reach an alarming US$10.5 trillion by 2025, rising from the current cost of US$6 trillion. With the exponential increase in online data, cybersecurity threats continue to grow, and the frequency of attacks is expected to escalate. This underscores the critical need for C-suite executives to prioritize cybersecurity measures and stay ahead […]