Cyberattack recovery cost surges to $2.73m in 2024 – Report

Global tech giants commit $30bn to cybersecurity investments

Joy Agwunobi Leading cybersecurity firm Sophos has issued a  warning about the growing impact of ransomware attacks on businesses worldwide. In its “State of Ransomware” report for 2024, the company reveals a sharp rise in the cost of recovery for businesses hit by cyberattacks, noting that it has risen  to $2.73 million up from $1.82 […]

Study finds 2.5 billion personal records exposed in data breaches over 2 years

Joy Agwunobi A new study by Apple Inc. has revealed that more than 2.6 billion personal records have been compromised in data breaches in the past two years. This data includes sensitive information such as names, email addresses, passwords, and credit card numbers. According to the study, which was conducted in collaboration with the Massachusetts […]

AON reports 100% surge in E&O cyber matters in 2020

Zainab Iwayemi   A report by Aon, the financial risk mitigation service firm has revealed that the year 2020 recorded an average of three new Error and Omission (E&O) cyber matters per business day which is equivalent to a 100 percent increase from 2019. Also, the year 2020 saw a quarterly surge in the average […]