Despite the prevalence of malicious cyber breaches, many organizations still fail to prioritize information security. Roughly 67 percent of SMBs experienced a cyberattack last year, but 60 percent of SMBs do not have a cyberattack prevention plan in place. Meanwhile, only 9 percent of SMBs rank cyber security as a top priority, while 18 percent rate it as their lowest priority. At Capital Network Solutions, we try to close this dangerous knowledge gap by collecting and compiling news stories about cyber breaches. In this week's roundup, we look at attacks on the LAPD, the FDNY, and the largest property and casualty insurer in the country.
There are many positives for companies and employees in allowing users to bring their personal devices to work, and the move to BYOD is only set to grow. A report by Global Market Insights found the BYOD market is on course to hit almost $367 billion by 2022, a 10-fold increase since 2014. But that means IT managers need to be on the front foot when it comes to BYOD security.
According to a recent study by IBM and Sophos, U.S. data breaches cost an average of $8.19 million. That's more than double the worldwide average. The costs of a data breach are especially devastating to small businesses, but too many organizations wait to do something until it's too late. In this week's collection of cyber breach news stories from across the country, we look the Capitol One breach, as well as cyberattacks on a museum in San Francisco, a school district in Nevada and a radio station in Florida. We also provide an update on the 2017 Equifax security incident, which recently resulted in the biggest data breach fine of all time.