Equifax just became the first company to have its outlook downgraded for a cyber attack
Moody’s has just slashed its rating outlook on Equifax, the first time cybersecurity issues have been cited as the reason for a downgrade. Moody’s lowered Equifax’s outlook from stable to negative on Wednesday, as the credit monitoring company continues to suffer from the massive 2017 breach of consumer data. “We are treating this with more significance because it is the […]
The largest breaches over the past three years have caused massive and irreparable damage
Publicly traded companies suffering the worst data breaches averaged a 7.5 percent decrease in stock price, a Bitglass report reveals. Bitglass researched the three largest data breaches of publicly traded companies from each of the last three years in order to uncover cybersecurity trends and demonstrate the extensive damage that can be done by improper […]
Cyber Is a Boardroom Issue in 2018
Based on studies and interviews with corporate board members and chief information security officers (CISOs), the Cyber Balance Sheet, published by Focal Point Data Risk and produced by the Cyentia Institute, found that boardrooms are engaging in more conversations about security. While the talks about cyber risk are more commonplace, the C-suite and security leaders […]
Cybersecurity no. 1 challenge for CXOs, but only 39% have a defense strategy
This article was originally published on Tech Republic More than 85% of companies have experienced a cyber breach in the past three years, according to an A.T. Kearny report. C-level executives rank cybersecurity as the no. 1 challenge they face for the third consecutive year, as more than 85% of companies report experiencing a […]
SEC warns corporate cyber weakness could violate federal law
WASHINGTON (Reuters) – Public companies that fail to tighten their cyber security controls could be violating federal law, the U.S. Securities and Exchange Commission (SEC) said on Tuesday. The regulator’s warning came in the form of a report on its investigation to assess whether nine companies that had been victims of cyber-related frauds had sufficient […]