Data breaches will cost over a trillion each year by 2019

12 June 2015

Main features in this issue:

Data breaches will cost over a trillion each year by 2019 - The increasing consumer demand for technology coupled with rising cybercrime activity, the world is presently seeing will lead to an escalation in the number of data breaches.

Cottage health system data breach - The data breach lawsuit settlement was USD 4.1 million in January 2014, and after defending the claim and agreeing to the settlement under a reservation of rights, the cyber insurer is now seeking repayment of those defence costs and denying coverage for the settlement.

Buzzword of the month - Payment Card Industry Data Security Standard.

Network security software not up to scratch - A recent report published by Verizon states that network security software is only 24 percent effective when it comes to the fight against cybercrime.

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