article thumbnail

Security AI and automation are key in protecting against costly data breaches for retailers and consumer goods businesses

IBM Big Data Hub

The rise of online commerce over the last two decades has completely transformed the retail and consumer goods industries—and with smartphone adoption accelerating globally, the share of shopping done via the internet will only continue to expand. For retail, the average data breach studied cost $2.96

Retail 88
article thumbnail

Ransomware attacks break records in 2023: the number of victims rose by 128%

Security Affairs

The most active group in 2023: LockBit According to the data presented by the Cybernews research team, 66 active ransomware groups were identified and operating within the digital landscape in 2023. This group primarily focused its attacks on the construction, manufacturing/industrial, and retail industries.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Cyber-Criminal espionage Operation insists on Italian Manufacturing

Security Affairs

ZLab researchers spotted a new malicious espionage activity targeting Italian companies operating worldwide in the manufacturing sector. This actor was first spotted by PaloAlto’s UNIT42 in 2018 during wide scale operations against technology, retail, manufacturing, and local government industries in the US, Europe and Asia.

article thumbnail

The Week in Cyber Security and Data Privacy: 5 – 11 February 2024

IT Governance

TB JP Original Corp Source New Manufacturing USA Yes 1.2 TB JP Original Corp Source New Manufacturing USA Yes 1.2 TB JP Original Corp Source New Manufacturing USA Yes 1.2 TB JP Original Corp Source New Manufacturing USA Yes 1.2 TB JP Original Corp Source New Manufacturing USA Yes 1.2

article thumbnail

Calculating the Benefits of the Advanced Encryption Standard

Schneier on Security

From the conclusion: The result of performing that operation on the series of cumulated benefits extrapolated for the 169 survey respondents finds that present value of benefits from today's perspective is approximately $8.9 On the other hand, the present value of NIST's costs from today's perspective is $127 million.

article thumbnail

The Week in Cyber Security and Data Privacy: 20 – 26 November 2023

IT Governance

This week, we’re taking a slightly different approach with the ‘publicly disclosed data breaches and cyber attacks’ category, presenting the most interesting data points in a table format. At the end of each month, these incidents – and any others that we find – will be used to inform our monthly analysis of data breaches and cyber attacks.

article thumbnail

Key Developments in IoT Security

Thales Cloud Protection & Licensing

They are present in every organization in varying capacities and functions. The good news is that security is no longer being ignored during the manufacturing of the devices. Yes, and Ellen uses the example of a retail grocery store to effectively demonstrate the point.

IoT 100