Financial institutions are ramping up their cybersecurity investments in response to increased threats, according to a report by Fastly. Data revealed that financial organisations suffered an average of 50 known attacks last year, more than any other sector, prompting 80% to increase their security budget. Despite this, 44% believe they overspent on cybersecurity tools, and only 54% fully utilised the tools they bought. The report also identified a dearth of skilled security professionals.
VPS of MI, PLLC Announces Data Breach Following Discovery of Malware | Console and Associates, P.C.
Visiting Physician Services (VPS of MI) discovered a data breach caused by malware on their IT systems, affecting the sensitive information of approximately 20,604 patients.