United States Reported Less Data Breaches in 2020 but with much more Expensive Successful Hacker Attacks
According to the annual report of the Identity Theft Resource Center (ITRC), 1,108 cyber incidents were reported in 2020 and the number casualties from these incidents was close to 301 million people, a drop of 66% over the previous year.
The social engineering technique of impersonation also helped attackers reap massive profits:
The volume of business fraud and hacking by corporate e-mail systems (BECs) reported to the FBI in 2020 was US$ 1.8 Billion – a figure that reflects half of all cyber damage in monetary terms.
“The trend away from mass data breaches and toward more precise and sophisticated cyberattacks doesn’t mean businesses can relax. Just the opposite. They need to learn whole new ways of protecting their data.”
– James E. Lee, ITRC COO
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DORA: Elevating Cyber Resilience Standards in Financial Services
🔐 DORA: Setting the Standard for Cyber Resilience in Financial Services
The Digital Operational Resilience Act (DORA) mandates that financial institutions not only implement technical defenses but also cultivate a culture of readiness and transparency.
Key requirements include:
Developing comprehensive strategies for identifying, reporting, and mitigating ICT-related incidents.
Establishing and regularly testing detailed response plans.
Conducting ICT risk management audits to identify all types, locations, and classifications of data.
Continuous monitoring for infrastructure anomalies.
Maintaining secure, immutable backups.
At AUMINT.io, we specialize in providing tailored cybersecurity solutions to help financial institutions achieve DORA compliance. Our services encompass advanced threat detection, employee training, and incident response planning.
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🌍 Cyber Threats Evolve – Your Defense Must Too
New exposures appear daily.
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Schools Under Siege: The Alarming Surge of Cyber Threats Targeting Education
🎓 Schools Face 3,000 Cyber Threats Weekly – A Growing Crisis
Educational institutions are under siege, facing over 3,000 cyberattacks each week. These threats range from ransomware to phishing and DDoS attacks, jeopardizing sensitive data and disrupting learning.
Key vulnerabilities include limited resources, outdated systems, and a lack of cybersecurity awareness among staff.
To combat this, schools must:
Implement regular cybersecurity training for staff.
Upgrade IT infrastructure to modern, secure systems.
Develop and maintain robust incident response plans.
AUMINT.io offers specialized cybersecurity solutions tailored for educational institutions, ensuring a secure learning environment.
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