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How Much Does Failing to Install a Patch Cost? $550,000

The feds have upped the game and are going after companies that get breached that do not have effective cybersecurity programs. In this case, practice management software vendor Professional Business Systems, Inc. The company, who does business under the name Practicefirst Medical Management Solutions failed to install a firewall patch in January 2019. That failure […]

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Twitter and Saudis Face Racketeering (RICO) Charges as Lawyers Get Creative

RICO is a dragnet law which can subject people and companies to very serious penalties and jail time. This is an extension of the negligence class-actions that use the principles of the Caremark Standard to go after companies with inadequate cybersecurity programs. This is a shift away from the lawsuits the claim that “my social […]

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68% of CISOs in 16 Countries Fear Cyberattack in Next 12 Months – What About You?

We are back to pandemic level cyber fear. Security firm Proofpoint says that compared to last year, CISOs are feeling less prepared to cope with cyberattacks and more at risk. Threats are always increasing, data is being ripped off in more ways than we can count, cybersecurity budgets are not what they need to be, […]

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Security News Bites for the Week Ending May 5, 2023

Government Contractors Affected by TikTok Ban Too The White House issued a memo in February requiring the removal of TikTok from federal information systems as required by the consolidated appropriations Act of 2023. How this affects contractors is that it also includes IT “used by a contractor under a contract with the executive agency that […]

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