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In the News

Why CIO pay is increasing

July 8, 2024

CIO pay is on the rise, driven by the increasing importance of artificial intelligence in the tech industry. Data from Janco Associates reveals a 7.48% increase in CIO compensation at large enterprises and 9% at midsize enterprises over the past year, mirroring the demand for leaders proficient in AI. With median base salaries now over $220,000 for large enterprises and near $210,000 for midsize ones, total compensation packages can range between $1.5 million and $1.8 million. This rise in pay also aligns with more CIOs reporting directly to the CEO, signifying their growing leadership roles within companies.

Why CIO pay is increasing Becker's Hospital Review

Read More

Cybersecurity regulations face ‘uphill battle’ after Chevron ruling

July 8, 2024

The Supreme Court's recent decision to overturn the Chevron doctrine, which previously allowed courts to defer to federal agencies' interpretation of ambiguous laws, poses significant challenges for the Biden administration's cybersecurity regulatory efforts. This ruling undermines the legal basis for many of the stringent cybersecurity measures that the administration has pursued, often by creatively reinterpreting existing statutes. Experts warn that current and future cybersecurity regulations, ranging from water safety reviews by the EPA to incident reporting protocols by CISA, may now face increased legal scrutiny and challenges. Federal agencies and the Biden administration are evaluating how to adapt to this new legal landscape while continuing to prioritize cybersecurity.

Cybersecurity regulations face ‘uphill battle’ after Chevron ruling cyberscoopg

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Ransomware Extortion Demands Soar to $5.2M per Attack

July 8, 2024

In the first half of 2024, ransomware demands have significantly increased, with average extortion demands surpassing $5.2 million per incident. An analysis of 56 ransom demands revealed that the largest was $100 million from an attack on India's Regional Cancer Center in April. The second and third highest demands targeted Synnovis and London Drugs, with $50 million and $25 million, respectively. Although the number of ransomware attacks decreased to 421 from 704 compared to the same period in 2023, the figures are expected to rise due to new SEC-mandated breach disclosures. The impact on data has been substantial, with private businesses reporting 29.7 million affected records, governments 52,390, and healthcare 5.4 million.

Ransomware Extortion Demands Soar to $5.2M per Attack darkreading

Read More

Ransomware Extortion Demands Soar to $5.2M per Attack

July 8, 2024

In the first half of 2024, ransomware demands have significantly increased, with average extortion demands surpassing $5.2 million per incident. An analysis of 56 ransom demands revealed that the largest was $100 million from an attack on India's Regional Cancer Center in April. The second and third highest demands targeted Synnovis and London Drugs, with $50 million and $25 million, respectively. Although the number of ransomware attacks decreased to 421 from 704 compared to the same period in 2023, the figures are expected to rise due to new SEC-mandated breach disclosures. The impact on data has been substantial, with private businesses reporting 29.7 million affected records, governments 52,390, and healthcare 5.4 million.

Ransomware Extortion Demands Soar to $5.2M per Attack darkreading

Read More

Why CIO pay is increasing

July 8, 2024

CIO pay is on the rise, driven by the increasing importance of artificial intelligence in the tech industry. Data from Janco Associates reveals a 7.48% increase in CIO compensation at large enterprises and 9% at midsize enterprises over the past year, mirroring the demand for leaders proficient in AI. With median base salaries now over $220,000 for large enterprises and near $210,000 for midsize ones, total compensation packages can range between $1.5 million and $1.8 million. This rise in pay also aligns with more CIOs reporting directly to the CEO, signifying their growing leadership roles within companies.

Why CIO pay is increasing Becker's Hospital Review

Read More

Cybersecurity regulations face ‘uphill battle’ after Chevron ruling

July 8, 2024

The Supreme Court's recent decision to overturn the Chevron doctrine, which previously allowed courts to defer to federal agencies' interpretation of ambiguous laws, poses significant challenges for the Biden administration's cybersecurity regulatory efforts. This ruling undermines the legal basis for many of the stringent cybersecurity measures that the administration has pursued, often by creatively reinterpreting existing statutes. Experts warn that current and future cybersecurity regulations, ranging from water safety reviews by the EPA to incident reporting protocols by CISA, may now face increased legal scrutiny and challenges. Federal agencies and the Biden administration are evaluating how to adapt to this new legal landscape while continuing to prioritize cybersecurity.

Cybersecurity regulations face ‘uphill battle’ after Chevron ruling cyberscoopg

Read More

Ransomware Extortion Demands Soar to $5.2M per Attack

July 8, 2024

In the first half of 2024, ransomware demands have significantly increased, with average extortion demands surpassing $5.2 million per incident. An analysis of 56 ransom demands revealed that the largest was $100 million from an attack on India's Regional Cancer Center in April. The second and third highest demands targeted Synnovis and London Drugs, with $50 million and $25 million, respectively. Although the number of ransomware attacks decreased to 421 from 704 compared to the same period in 2023, the figures are expected to rise due to new SEC-mandated breach disclosures. The impact on data has been substantial, with private businesses reporting 29.7 million affected records, governments 52,390, and healthcare 5.4 million.

Ransomware Extortion Demands Soar to $5.2M per Attack darkreading

Read More

Ransomware Extortion Demands Soar to $5.2M per Attack

July 8, 2024

In the first half of 2024, ransomware demands have significantly increased, with average extortion demands surpassing $5.2 million per incident. An analysis of 56 ransom demands revealed that the largest was $100 million from an attack on India's Regional Cancer Center in April. The second and third highest demands targeted Synnovis and London Drugs, with $50 million and $25 million, respectively. Although the number of ransomware attacks decreased to 421 from 704 compared to the same period in 2023, the figures are expected to rise due to new SEC-mandated breach disclosures. The impact on data has been substantial, with private businesses reporting 29.7 million affected records, governments 52,390, and healthcare 5.4 million.

Ransomware Extortion Demands Soar to $5.2M per Attack darkreading

Read More
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