Cybersecurity

Fallout from cyberattacks has become increasingly public, disruptive, and detrimental to public and private companies—and to their executives and boards.

Cybercriminals stole more than $28 billion through email fraud from 2016 to 2020, with an average loss per incident of more than $150,000.

As cyber risk continues to expand, data processing vendors may find themselves in more protracted negotiations over who will absorb the bulk of the liability.

After a congressional request to review these risks, the GAO concludes that vendors are weak links.

Yesterday, senators and tech executives came together to recommend a consistent federal approach to corporate disclosure of cyberattacks.

Compliance is the driver in cybersecurity, and it will be compliance with some standard, regulation, or law that will put ransomware out of business.