Cyber Security Headlines
Week in Review: Data breach impact study, US weighs TP-Link ban, BeyondTrust cyberattack
Dec 20, 2024
Bethany De Lude, CISO at The Carlyle Group, dives into the surge of data breaches and their lasting impacts on businesses. She highlights the pressing challenges faced by CISOs, particularly the evolving security landscape and risks tied to identity security. The conversation touches on the national security concerns surrounding TP-Link and the threats of zero-day exploits. De Lude also discusses the importance of upgrading hardware in critical infrastructure and addresses online scam terminology, focusing on empathy for victims.
28:08
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Quick takeaways
- Data breaches surged by 76% from 2022 to 2023, highlighting the urgent need for companies to enhance their cybersecurity strategies.
- The BeyondTrust cyberattack emphasizes the critical importance of identity management and the vulnerabilities even security firms face today.
Deep dives
Growing Business Impact of Data Breaches
Recent reports highlight a significant increase in data breaches, with a 76% spike reported between 2022 and 2023, and an anticipated further increase for 2024. The most damaging effects of these breaches include operational disruptions, legal risks, and declining customer trust, which can lead to decreased sales. It is emphasized that merely compensating for legal issues isn't sufficient as companies must reassess and enhance their cybersecurity strategies to prevent these events. Companies must adopt a new paradigm of security, recognizing that identities and access points constitute the new perimeter for safeguarding sensitive data.
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