22 Dec Security Breach – 22 Dec 2023
In a challenging economy, businesses are looking for ways to save everywhere in their operations. Fortunately, many business decision-makers understand that cybersecurity isn’t the place to cut corners. More than half of our survey respondents (60%) said that their IT security budget was unchanged in the past 12 months. 30% of companies pumped up their investment in 2023, giving them an edge to combat future trouble. Businesses are facing a myriad of cybersecurity challenges, and IT departments will need to be appropriately resourced to meet them. About three-quarters of respondents (75%) expect their budgets to stay the same or increase in the next year, and that’s good news for overstretched IT professionals looking ahead to new threats.
Cyber insurance has become a must-have for businesses. The majority of our respondents (79%) said that their organisation has cyber insurance. Our respondents also indicated that if their company doesn’t have cyber insurance, they’re planning to invest in it soon. Nearly two-thirds of respondents (62%) said that their organisation is at least somewhat likely to purchase cyber insurance in the next 12 months.
Japan – Japan Aerospace Exploration Agency – Government Agency
Risk to Business: Severe: The Japan Aerospace Exploration Agency (JAXA) has disclosed that it has experienced an unauthorised intrusion into its network. The agency was made aware of the break-in over the summer. It was quick to assure the public that it doesn’t believe that any data pertaining to rockets or satellites was accessed. The incident remains under investigation.
United States – Norton Healthcare – Health System
Risk to Business: Severe: Kentucky health system Norton Healthcare has filed a data breach notification with the Maine Attorney General’s Office disclosing that it experienced a data breach in May 2023 as the result of a ransomware attack. Norton Healthcare said that the intrusion was discovered on May 9. Norton Healthcare said that threat actors had access to some of its network storage devices between May 7 and 9, but its medical record system was not compromised. An investigation determined that an estimated 2.5 million people had data exposed in this incident including patients’ names, contact information, Social Security numbers, dates of birth, health and insurance information and medical ID numbers.
Talk to a TCT team member today about implementing cyber security plan for your business.