Amer Deeba, Co-founder and CEO of Normalyze dives into the challenges of data breach revelation amid rising cyber threats. Discover insights and strategies to stay compliant.
According to Cyber Warfare In The C-Suite report, with data breaches expected to cost the global economy $10.5 trillion annually by 2025, the urgency for stringent data protection has never been more critical. Case in point, 2024 is already shaping up to be the “year of data breach disclosures,” with over 650 publicly disclosed data breaches in the U.S. tracked in 2024 thus far – a number that outpaces the 2023 Q4 monthly average.
The disclosure surge follows the SEC’s updated incident disclosure rules, where public companies must disclose “material breaches” within four days of determining they are material. Consequently, organizations are updating their incident response plans based on the industry’s shifting interpretations of the regulation.
Companies are investing in more effective methods of gauging the extent of their breaches – where they previously detected only “the tip of the iceberg” for a breach’s full impact, we’re now…
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