According to the latest research from Gartner, worldwide spending on information security products and services will likely reach $81.6 billion in 2016.
These two new HIPAA settlements are meant to send a strong message about enforcement and accountability. The result for one of those cases was a record-setting settlement of $5.55 million.
What happens when IT purchases are made with the explicit permission of IT but without specific oversight? With proper planning and guidelines, decentralized IT does not need to lead to true Shadow IT.
Current control mechanisms are unable to keep pace with the growing impact that cybercrime has on organizations. As a result, businesses are more likely to incidents with longer term impact.
Just as organizations were slow to protect the endpoint, regulators were equally slow to spell out their requirements for data protections on the endpoint. But they’re catching up now.
Under the GDPR, organizations may be subject to data protection audits at any time as well as strict penalties for non-compliance. Preparation over the next two years is key.
The FTC boasts an impressive 70% closure rate for its data breach investigations, says the FTC Commissioner in a recent keynote address.
There is no question that countries and organizations around the world will be dealing with the fallout from Brexit for years to come. For organizations in the US, the real question is what will be the specific impact in the near future?