In today’s fast-evolving digital environment, data breaches are a constant and growing risk. As cyber threats become more sophisticated, organizations must be fully prepared to respond quickly and effectively when (not if) a breach occurs. A well-designed and structured data breach response plan is crucial for minimizing damage and ensuring compliance with legal and regulatory…
“AT&T confirmed yesterday that the company experienced a massive data breach in which an unknown entity stole phone records from almost all of its nearly 110 million customers. The telecommunications giant discovered the breach in April and started an investigation. It found that the hacker accessed the data through an illegal download that targeted a third-party app called Snowflake,…
When will “lessons learned” form part of the decision-making process? Risks eventuated because of these breaches are as follows but not limited to: Communication risks, people risk, risk culture, enterprise risks, Operational risks, IT risks, Cyber risks, and financial risks = Reputational risk Many (definitely not all) of the leaders of institutions either don’t seem to…
Cyber attacks have resulted in significant consequences for organizations of all sizes and sectors in the Caribbean, and it is essential to be aware of the risks that can precede them or risks that can act as “risk sources” for a cyber attack. One of those “risks” that has been identified as a possible major source is that of work…
“The Office of the Attorney General and Ministry of Legal Affairs (AGLA) (Trinidad and Tobago) has detected a cyber-attack on its network. In a media release yesterday, The Ministry of Digital Transformation said that “This unauthorized and illegal access has negatively impacted operations at the AGLA and certain associated Divisions. Having taken actions to minimize…
Several US federal government agencies have been hit in a global cyberattack by Russian cybercriminals that exploits a vulnerability in widely used software, according to a top US cybersecurity agency. Aside from US government agencies, “several hundred” companies and organizations in the US could be affected by the hacking spree, (according to a CNN report). Since late last month,…
As noted by industry specialists and practitioners, Latin America and the Caribbean (LAC) has become a new frontier for cyber-attacks and crime at an estimated cost of around US$100 billion per year. (IDB 2017 report) The Cipher Brief, a digital, security-based platform that connects the private sector with the world’s leading security experts, recently noted that…
