Exploring the Characteristics of Data Breaches: A Descriptive Analytic Study

Data breaches have massive consequences for companies, affecting them financially and undermining their reputation, which poses significant challenges to online security and the long-term viability of businesses. This study analyzes trends in data breaches in the United States, examining the frequency, causes, and magnitude of breaches across various industries. We document that data breaches are increasing, with hacking emerging as the leading cause. Our descriptive analyses explore factors influencing breaches, including security vulnerabilities, human error, and malicious attacks. The findings provide policymakers and businesses with actionable insights to bolster data security through proactive audits, patching, encryption, and response planning. By better understanding breach patterns and risk factors, organizations can take targeted steps to enhance protections and mitigate the potential damage of future incidents.

Information Assurance Technique for Mitigation of Data Breaches in the Human Service Sector

This research paper analyzes data breaches in the human service sector. The hypothesis for the solution to this problem is that there will be a significant reduction in data breaches in the human service sector due to an increase in information assurance. The hypothesis is tested using data from the United States Department of Health and Human Services data breach notification repository during January 2018-December 2020. Our result shows that without the increased mitigation of information assurance, data breaches in the human service sector will continue to increase.

Organizational Data Breach:Building Conscious Care Behavior in Incident Response

Organizational and end user data breaches are highly implicated by the role of information security conscious care behavior in respective incident responses.This research study draws upon the literature in the areas of information security,incident response,theory of planned behaviour,and protection motivation theory to expand and empirically validate a modified framework of information security conscious care behaviour formation.The applicability of the theoretical framework is shown through a case study labelled as a cyber-attack of unprecedented scale and sophistication in Singapore’s history to-date,the 2018 SingHealth data breach.The single in-depth case study observed information security awareness,policy,experience,attitude,subjective norms,perceived behavioral control,threat appraisal and self-efficacy as emerging prominently in the framework’s applicability in incident handling.The data analysis did not support threat severity relationship with conscious care behaviour.The findings from the above-mentioned observations are presented as possible key drivers in the shaping information security conscious care behaviour in real-world cyber incident management.

Understanding the Importance of Effective Third-Party Risk Management on Data Governance

With a view to adopting to the globalized business landscape,organizations rely on third-party business relationships to enhance their operations,expand their capabilities,and drive innovation.While these collaborations offer numerous benefits,they also introduce a range of risks that organizations must carefully mitigate.If the obligation to meet the regulatory requirements is added to the equation,mitigating the third-party risk related to data governance,becomes one of the biggest challenges.

Information Security in the Cloud: Emerging Trends and Challenges

This article explores the evolution of cloud computing, its advantages over traditional on-premises infrastructure, and its impact on information security. The study presents a comprehensive literature review covering various cloud infrastructure offerings and security models. Additionally, it deeply analyzes real-life case studies illustrating successful cloud migrations and highlights common information security threats in current cloud computing. The article concludes by offering recommendations to businesses to protect themselves from cloud data breaches and providing insights into selecting a suitable cloud services provider from an information security perspective.

Cyberattack Ramifications, The Hidden Cost of a Security Breach

In this in-depth exploration, I delve into the complex implications and costs of cybersecurity breaches. Venturing beyond just the immediate repercussions, the research unearths both the overt and concealed long-term consequences that businesses encounter. This study integrates findings from various research, including quantitative reports, drawing upon real-world incidents faced by both small and large enterprises. This investigation emphasizes the profound intangible costs, such as trade name devaluation and potential damage to brand reputation, which can persist long after the breach. By collating insights from industry experts and a myriad of research, the study provides a comprehensive perspective on the profound, multi-dimensional impacts of cybersecurity incidents. The overarching aim is to underscore the often-underestimated scope and depth of these breaches, emphasizing the entire timeline post-incident and the urgent need for fortified preventative and reactive measures in the digital domain.

A Review of Cybersecurity Challenges in Small Business: The Imperative for a Future Governance Framework

Technological shifts—coupled with infrastructure, techniques, and applications for big data—have created many new opportunities, business models, and industry expansion that benefit entrepreneurs. At the same time, however, entrepreneurs are often unprepared for cybersecurity needs—and the policymakers, industry, and nonprofit groups that support them also face technological and knowledge constraints in keeping up with their needs. To improve the ability of entrepreneurship research to understand, identify, and ultimately help address cybersecurity challenges, we conduct a literature review on the state of cybersecurity. The research highlights the necessity for additional investigation to aid small businesses in securing their confidential data and client information from cyber threats, thereby preventing the potential shutdown of the business.

Cybersecurity and Artificial Intelligence Dispute Resolution: From Contention to Synergy

This paper explores the dimensions of resolving disputes in cybersecurity and uses the Federal Arbitration Statute and the Courts to bind the parties to their contracts.The paper explores artificial intelligence and the nuances of legal issues that potentially could arise and applies dispute resolution modalities to help businesses become more productive as opposed to being mired down in litigation,creating an efficient path forward.Reading this paper is worth your time because:(1)you will learn how to use the court system to achieve good results in cybersecurity and artificial intelligence disputes applying the Federal Arbitration Statute;(2)you will become more efficient many times over;(3)with so many disputes and so little time,and inflation having increased the cost of doing business,we can ill afford to waste money.Finding solutions that have the full authority of the courts,without going through litigation,is essential to profitability.The need is great to stop fighting and start mending.The method prescribed in this paper solves problems with the support of a court judgment without the entanglement and the expense of litigation.

A Cyber Kill Chain Approach for Detecting Advanced Persistent Threats

The number of cybersecurity incidents is on the rise despite significant investment in security measures.The existing conventional security approaches have demonstrated limited success against some of the more complex cyber-attacks.This is primarily due to the sophistication of the attacks and the availability of powerful tools.Interconnected devices such as the Internet of Things(IoT)are also increasing attack exposures due to the increase in vulnerabilities.Over the last few years,we have seen a trend moving towards embracing edge technologies to harness the power of IoT devices and 5G networks.Edge technology brings processing power closer to the network and brings many advantages,including reduced latency,while it can also introduce vulnerabilities that could be exploited.Smart cities are also dependent on technologies where everything is interconnected.This interconnectivity makes them highly vulnerable to cyber-attacks,especially by the Advanced Persistent Threat(APT),as these vulnerabilities are amplified by the need to integrate new technologies with legacy systems.Cybercriminals behind APT attacks have recently been targeting the IoT ecosystems,prevalent in many of these cities.In this paper,we used a publicly available dataset on Advanced Persistent Threats(APT)and developed a data-driven approach for detecting APT stages using the Cyber Kill Chain.APTs are highly sophisticated and targeted forms of attacks that can evade intrusion detection systems,resulting in one of the greatest current challenges facing security professionals.In this experiment,we used multiple machine learning classifiers,such as Naïve Bayes,Bayes Net,KNN,Random Forest and Support Vector Machine(SVM).We used Weka performance metrics to show the numeric results.The best performance result of 91.1%was obtained with the Naïve Bayes classifier.We hope our proposed solution will help security professionals to deal with APTs in a timely and effective manner.

Modeling Cyber Loss Severity Using a Spliced Regression Distribution with Mixture Components

Cyber losses in terms of number of records breached under cyber incidents commonly feature a significant portion of zeros, specific characteristics of mid-range losses and large losses, which make it hard to model the whole range of the losses using a standard loss distribution. We tackle this modeling problem by proposing a three-component spliced regression model that can simultaneously model zeros, moderate and large losses and consider heterogeneous effects in mixture components. To apply our proposed model to Privacy Right Clearinghouse (PRC) data breach chronology, we segment geographical groups using unsupervised cluster analysis, and utilize a covariate-dependent probability to model zero losses, finite mixture distributions for moderate body and an extreme value distribution for large losses capturing the heavy-tailed nature of the loss data. Parameters and coefficients are estimated using the Expectation-Maximization (EM) algorithm. Combining with our frequency model (generalized linear mixed model) for data breaches, aggregate loss distributions are investigated and applications on cyber insurance pricing and risk management are discussed.