10 Most Important CyberAttacks Of The Last Decade

Thomas Fox is president of Tech Experts, southeast Michigan’s leading small business computer support company.

The only way to keep history from repeating itself is to learn from the mistakes of the past. The following is a list of the most significant cyberyattacks from the last decade, as compiled by TechTarget:

Yahoo – 2013
With the unfortunate legacy of being the largest breach in the history of the internet, all three billion Yahoo accounts were compromised. The organization took 3 years to notify the public of the breach and that every account’s name, email address, password, birthdate, phone numbers, and security answers had been sold on the dark web.

Equifax – 2017
Probably the most damaging attack occurred just 3 years ago with the hack of Equifax. The hackers were successful in gaining access to 143 million Equifax customers and information vital to the lives of all. [Read more…]

Data Breaches Cost Healthcare $6.5M Or $429 Per Patient Record

Thomas Fox is president of Tech Experts, southeast Michigan’s leading small business computer support company.

Data breach costs are on the rise, with breach-related spending in the healthcare sector reaching $6.5 million on average, an IBM-sponsored report shows.

Data breaches cost the healthcare sector an average of $6.5 million per breach, over 60 percent more than all other business sectors, according to a Ponemon Institute report, sponsored by IBM. Other sectors spend about $3.9 million, on average.

Researchers interviewed 500 global organizations that experienced a data breach in the last year. The researchers found for the ninth consecutive year the healthcare sector is still the hardest hit financially by data breaches.

The costs are directly related to legal, technical, and regulatory functions, including patient notifications, breach detection and response, and lost business caused by reputational damage, loss of consumer trust, and downtime. [Read more…]