Administration Promotes $1 Billion in Grants to Fight Cybercrime

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The Biden administration has called on states and local governments to apply for new cybersecurity grants worth $1 billion over four years. The move is part of US efforts to beat back attacks from criminal hackers, who have successfully targeted everything from gas pipelines and meat factories to schools and hospitals. “Cyberattacks have emerged as… Continue reading Administration Promotes $1 Billion in Grants to Fight Cybercrime

Data Breaches Up 68% in 2021 Over Previous Year

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Tthe Identity Theft Resource Center® (ITRC), a nationally recognized nonprofit organization established to support victims of identity crime, released its 16th Annual Data Breach Report, supported by Sontiq, a TransUnion company, at the Identity, Authentication, and the Road Ahead Policy Forum hosted by the Better Identity Coalition (BIC), FIDO Alliance and the ITRC. According to… Continue reading Data Breaches Up 68% in 2021 Over Previous Year

Biden Cyber Officials Back Breach Incident Reporting Mandate

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The head of the U.S. cybersecurity enforcement agency “is a huge supporter” of bipartisan legislation to mandate that operators of critical infrastructure report data breaches to the government. Jen Easterly, director of the Cybersecurity and Infrastructure Security Agency, said she backs draft legislation from the Senate Homeland Security and Governmental Affairs Committee to require certain… Continue reading Biden Cyber Officials Back Breach Incident Reporting Mandate

Data Breaches Are Up 38% in Q2 2021: ITRC

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Today, the Identity Theft Resource Center® (ITRC), a nationally recognized nonprofit organization established to support victims of identity crime, released its U.S. data breach findings for the first half (H1) of 2021. According to the data breach analysis, publicly-reported U.S. data breaches are up 38 percent in the second quarter (Q2) of 2021 (491 compromises)… Continue reading Data Breaches Are Up 38% in Q2 2021: ITRC

Cofense and CNA Strengthen Security Awareness within Cyber Insurance Industry

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Cofense™, the global leader in intelligent phishing defense solutions, announced its strategic relationship with CNA, one of the largest commercial property and casualty insurance companies in the United States. Cofense will provide security awareness training as part of CNA CyberPrep, the latest addition to CNA’s suite of cyber liability insurance products designed to help companies… Continue reading Cofense and CNA Strengthen Security Awareness within Cyber Insurance Industry

Cyber Insurance May Create False Sense of Security Among Senior Financial Execs: FM Global Survey

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Seven in 10 senior financial executives at the world’s largest companies believe their insurer would cover most or all of the losses their company would incur in a cyber attack. Many of the losses they foresee, however, are rarely covered by insurance. In a study of more than 100 chief financial officers (CFOs) and other… Continue reading Cyber Insurance May Create False Sense of Security Among Senior Financial Execs: FM Global Survey