Between 2005 and the end of August 2019, 10,818 breaches occurred, compromising 1.6 billion records. A new study ranked states in terms of their residents' risk of identity theft and fraud, which can be mitigated with credit monitoring and identity theft protection.
The email accounts of at least four employees at Maine health care system InterMed were hacked in September, potentially exposing information on roughly 30,000 patients, including names, birth dates, health insurance information, clinical information and some Social Security numbers.
The Federal Trade Commission has implemented new rules that will allow many military personnel free access to electronic credit monitoring, which can help them discover when their credit reports contain problems or errors. The rule was finalized in June and went into effect on Oct. 31.
Spartanburg School District One, in Campobello, S.C., will provide identity protection after a few employees' information was posted online. The district and the employees have also filed identity theft complaints with local police.
Black Book Market Research polled 2,876 hospital executives from 733 provider organizations and found more than 93% of health organizations have experienced a data breach since the third quarter of 2016 and around one-third of health executives have uncritically bought cybersecurity solutions after a breach. The average cost of a data breach this year is estimated at $423 per medical record, and hospital executives anticipate allocating about 6% of their IT budgets to cybersecurity spending next year.
When a company experiences a cybersecurity incident, credit monitoring services become top of mind for those involved. IBM found that the average data breach costs a company $3.29 million, and Charlie Osborne notes that cyber health of a company is important to investors just like financial health.
Businesses face new obligations and consumers have more rights as a result of the California Consumer Privacy Act and the EU's General Data Protection Regulation. Here's what company leaders need to know to avoid running afoul of these laws.