The healthcare industry continues to face the most expensive data breaches, costing an average of $9.77 million in 2024, despite a small decrease from $10.93 million the previous year, according to IBM’s annual report. The industry, prone to ransomware attacks due to its reliance on electronic health records, also takes the longest time to contain breaches. A bright spot is the increasing use of AI in cybersecurity procedures, which lower costs and containment time.
Rest, AustralianSuper Among Funds Hit By Cyberattack
Australia’s largest superannuation funds, including AustralianSuper, REST, Australian Retirement Trust, and Hostplus, have suffered from a coordinated cyber attack, with around 8,000 accounts breached. Hackers
