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Finance, health care and other regulated industries should consider their specific needs and tailor their defenses with military-grade components, he added. The implementation of military-grade cybersecurity is not without challenges. In 2024, regulated industries have witnessed a significant increase in both the number and cost of data breaches. Frederic Rivain, chief technology officer of Dashlane, holds a contrarian view on the need for military-grade defenses. "Multifactor authentication is important, and you must have it, but you still need to have multiple layers," Two Bears said.
Persons: CrowdStrike, Javad Abed, Abed, shouldn't, Cole, Didi, National Intelligence Avril Haines, Gen, Gary Orenstein, Orenstein, doesn't, Frederic Rivain, Rivain Organizations: Johns Hopkins Carey Business School, Delta Air Lines, Finance, IBM, Ponemon Institute, Bears, Amazon, Data, Verizon, National Intelligence, Employees Locations: ThinkGard, U.S, China, America
Mounting cyberattacks against hospitals and clinics and a regulatory push are increasing the pressure on medical-device manufacturers to improve the security of their products. Cyber protections have often been an afterthought for medical devices, which can be in operation for decades. Newsletter Sign-up WSJ Pro Cybersecurity Cybersecurity news, analysis and insights from WSJ's global team of reporters and editors. While Mr. Suarez acknowledged that greater transparency about vulnerabilities is needed from makers of medical devices, he also wants to see customers stop using old, unsupported equipment. “It’s a complex challenge,” Mr. Suarez said.
When it comes to cybersecurity attacks, phishing continues to be effective for hackers and costly for organizations. The 2022 IBM X-Force Threat Intelligence Index research showed that phishing is the way attackers are getting into organizations 41% of the time. "I cannot emphasize enough how important it is for organizations to not only develop an incident response plan, but to test it regularly." According to the Cost of a Data Breach Report 2022, organizations with an incident response team that tested their incident response plan (versus those who did not) saved on average $2.66M in data breach costs. Learn more about incident response planning and threat intelligence here.
For today's hackers, it's personal. Rather than the massive "spray and pray" tactics of yesteryear, today's cybercriminals are getting creative with highly targeted and highly personalized attacks. Armed with better intel, today's cybercriminals are carrying out individually targeted, highly personalized attacks. According to the Cost of a Data Breach Report 2022, by Ponemon Institute and sponsored by IBM, 45% of data breaches occurred in the cloud. For many organizations, security is still viewed through a static and defensive lens.
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