[Weekly Security News] The Menace of Data Breaches Caused by Unauthorized Third Party Access
[July 26, 2023]
1. Average cost of a data breach reaches $4.45 million in 2023
IBM revealed in the report that the worldwide average cost of a data breach reached a record-breaking $4.45 million in 2023. This figure represents a significant 15% surge compared to the expenses reported over the past three years.
Source : Help Net Security
2. 1st Source says 450,000 records affected in client data breach
A Commercial and Consumer bank, ‘1st Source Corp’, reported a security breach through the file transfer tool MOVEit, impacting about 450,000 records of both commercial and individual clients due to unauthorized access by a third party.
Source : Reuters
3. Rite Aid reports major data breach
Rite Aid reported a major data breach on May 27, compromising customers’ personal information. The breach was discovered by a vendor partner who identified a software vulnerability exploited by an unknown third party on May 31.
Source : Supermarket News
4. Class action lawsuit targets Johns Hopkins Univ. after health system data breach
A class action lawsuit targets Johns Hopkins University in Maryland for a data breach that exposed personal health information and identifiable data, as stated in a court filing on July 7.
Source : wtop News
The significant financial repercussions of cyber-attacks and data breaches underscore the urgency for businesses to prioritize investment in robust security technologies to protect their data and mitigate risks effectively. To fortify organizations against potential data breaches, implementing comprehensive security measures like reliable Zero Trust Network Access (ZTNA) solutions, which enable precise access control and reduce attack surfaces, becomes essential.
Cloudbric provides advanced Zero Trust Network Access (ZTNA) solutions ‘Cloudbric PAS (Private Access Solution)’ and ‘Cloudbric RAS (Remote Access Solution)’ to effectively safeguard businesses of all types against sophisticated cyber threats.
Cloudbric PAS is an agent-based ZTNA solution that incorporates Software-Defined Perimeter (SDP) technology. It ensures secure access to private resources within your network, granting access only to authorized users while minimizing the risk of unauthorized entry.
Cloudbric RAS is an agentless ZTNA solution that provides an easy and convenient implementation. It offers secure remote access, allowing authorized users to connect to critical resources securely from any location.
Find more information about Cloudbric’s advanced ZTNA solutions from the official website!
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