CyberJudicata Weekly Debrief (4/27–5/1)

May 1, 2020

This week's Weekly Debrief covers interesting topics, including the cost to launch a cyberattack, LabCorp facing a lawsuit claiming failure to address security problems, cyber insurance coverage gaps, and COVID-19 privacy issues.

 

 

Cyber

  • CSO Online – How much does it cost to launch a cyberattack?

    • ​"Companies spend big to defend their networks and assets from cyber threats. Kaspersky Labs has found security budgets within enterprises average around $9 million per year. On top of that, data breaches cost companies millions of dollars. Yet, cheap, relatively easy-to-use off-the-shelf hacking tools make the barrier to entry for cybercriminals incredibly low."

  • ZDNet – Investors sue LabCorp over security failures in light of data breach, ransomware attack

    • ​"Investors have filed a lawsuit against LabCorp, claiming that the company's board failed to address security problems that led to financial losses. As reported by Bloomberg Law, LabCorp's chief executive, chief information officer, and chief financial officer are specifically named in the Delaware court case, which accuses them of ignoring "persistently deficient cybersecurity measures" that led to a data breach and malware infection."

  • Insurance Journal – Most Firms Have Some Cyber Insurance But Gaps in Coverage Remain: Survey

    • ​"The majority of businesses are insured against traditional cyber risks, such as breaches of personal information, but most remain vulnerable to emerging risks, such as malware and ransomware, revealing a potential gap in their insurance coverage."

 

 

Privacy

 

. . .

 

#cyberjudicata #weeklydebrief

 

 

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