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Only 30% of businesses said senior staff have cyber security responsibility

IT Governance

According to the Cyber Security Breaches Survey 2018 , 74% of businesses and 53% of charities say that their organisation’s senior management considers cyber security a high priority, but only 30% of businesses and 24% of charities said board members or trustees have any kind of cyber security responsibility.

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US citizens lost more than $68M to SIM swap attacks in 2021, FBI warns

Security Affairs

The FBI reported that US citizens have lost more than $68 million to SIM swapping attacks in 2021, the number of complaints since 2018 and associated losses have increased almost fivefold. Do not store passwords, usernames, or other information for easy login on mobile device applications.

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Customers lose confidence – data breaches aren’t just about fines

IT Governance

Data breaches are now a common occurrence – big-name brands affected in 2018 include FIFA , British Airways , Vision Direct , Eurostar and Marriott. More than half of consumers (56%) are not willing to pay anything to application or online service providers for added security to protect their personal information.

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Average cost of cyber crime rises to £10.3 million

IT Governance

This represents a 12% increase year-on-year and a 73% increase over a five-year span, demonstrating how rapidly the cost of cyber crime is growing. There has been a similar jump in the number of incidents organisations experience, with an 11% increase year-on-year and a 67% increase between 2013 and 2018. million (about £8.6

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Heathrow Airport fined £120,000 for data breach

IT Governance

The ICO (Information Commissioner’s Office) has fined Heathrow Airport £120,000 for failing to secure sensitive personal data after a member of public found an unencrypted USB stick containing data about the airport’s staff. Make sure that staff training is on your agenda and that you and your organisation are #BreachReady.

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Spanish police dismantled SIM swapping gang who stole money from victims’ bank accounts

Security Affairs

With this, they deceived the employees of phone stores to obtain duplicate SIM cards and, in this way, have access to the bank’s security confirmation messages. In this way they could operate in online banking and access bank accounts to empty them after receiving security confirmation messages from the banks.”

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NYDFS settles cybersecurity regulation matter for $3 million

Data Protection Report

On April 14, 2021, the New York Department of Financial Services (NYDFS) announced a $3 million settlement with insurance company National Securities Corp. NSC), relating to violations of three different requirements of the NYDFS cybersecurity regulation during the period 2018 to 2020. Training and monitoring materials.