Businesses suffer major financial damage as a result of supply chain attacks

Security breaches caused by the compromise of a software provider or other partner are causing businesses significant headaches, a new report from email security company GreatHorn suggests. Also known as supply chain attacks, these incidents have affected three quarters of organizations, the majority (79%) of which suffered financial losses as a direct result, to the tune of $6.1 million on …

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SMBs that disclose breaches face less financial damage

Businesses that proactively disclose data breaches tend to lose less money from the event, compared to those that try to keep the incident a secret.  This is according to a new report from cybersecurity experts Kaspersky, which polled  more than 5,200 IT and cybersecurity practitioners. Kaspersky found that SMBs, but enterprises as well, that voluntarily inform their stakeholders about an …

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