2024's Biggest Data Breaches and What They Mean for Your Business Data breaches are always lurking as a potential threat, and when they happen, the fallout can be devastating for your business and customers. In today’s post, we’re taking a look at some of the biggest breaches of 2024 to put the growing cybersecurity concern into perspective. According to Cybersecurity Magazine , the total cost of cybercrime is projected to hit a staggering $9 trillion in 2024 and climb to over $10 trillion in 2025. To put that in context, that’s more than the GDP of almost every country in the world—except for two. It’s safe to say cybersecurity is not something you want to take lightly. Before diving into the list, it’s worth mentioning that 2024 also saw the most expensive tech outage in history. A CrowdStrike update that affected Microsoft systems ended up costing companies over $5 billion . While this wasn’t a data breach, it’s a powerful reminder of how damaging tech issues can be. Now, let’s get into the biggest data breaches of 2024. National Public Data Breach — 2.7 Billion Records This one’s a monster. Just a few weeks ago, a hacking group claimed to have stolen 2.7 billion personal records —including the information of virtually every person in the U.S., Canada, and the U.K. The stolen data includes social security numbers, and while experts are still verifying how accurate and complete the breach is, it’s safe to assume most of this sensitive data has been compromised. The good news? Well, we’re all in the same boat. Everyone will need to keep a close eye on their accounts and credit, and freezing your credit is a great step toward protecting your identity. It’s also a good idea to get in the habit of unfreezing it only when applying for loans or credit cards. Ticketmaster — 560 Million Records In April and May of 2024, cybercriminals gained access to Ticketmaster’s database , exposing the personal and financial details of 560 million customers . The breach revealed names, emails, phone numbers, and payment info. The fallout was immediate, with customers reporting identity theft and unauthorized transactions. On top of that, this breach came right before the U.S. Justice Department sued Ticketmaster’s parent company, Live Nation, for anti-competitive behavior. Tough year for them. Change Healthcare — 145 Million Records In February 2024, Change Healthcare was hit by a major ransomware attack, compromising 145 million records . This breach exposed personal info, including names, addresses, social security numbers, and medical records. Given the sensitive nature of healthcare data, this was one of the largest and most damaging breaches in history. It has forced healthcare providers and insurers to rethink their security strategies moving forward. Dell — 49 Million Records In May 2024, Dell became the victim of a brute force attack when a hacker gained access through one of their resellers' portals. This breach exposed the data of 49 million customers, including names, emails, payment info, and account details. Dell has faced heavy criticism and is working to improve their cybersecurity protocols in response to the breach, while regulators are watching closely. AT&T — 73 Million Records AT&T suffered a significant breach in March 2024, affecting 73 million customers . This breach exposed personal information like social security numbers, account details, and passcodes. What makes this even worse is that the data had been compromised since 2019 . AT&T is now facing potential class action lawsuits as they work to contain the damage and protect their current customers. Why This Matters for You You might not have millions of customers like these giants, but that doesn’t mean you’re safe from cyberattacks. Businesses of all sizes are vulnerable. The key is to get ahead of the threat by implementing strong security measures. That includes training your team on password best practices, educating them about phishing attacks, and making sure you have a cybersecurity strategy in place. At ABT Solutions, we specialize in keeping businesses like yours safe from cyber threats. Want to learn more about how we can help? Give us a call today or Click Here to receive a free cybersecurity risk assessment!

Your Team Could Be Your Biggest Cybersecurity Risk—Or Your Strongest Defense When it comes to your business’ cybersecurity, one vulnerability stands out above the rest. This one can either cripple your organization or, if handled correctly, become one of your greatest assets. What’s this vulnerability? Your team. Human error is one of the easiest ways for hackers to slip through your defenses, but with the right training and mindset, your employees can become a strong line of defense. Let’s talk about how you can encourage your team to adopt cybersecurity best practices both at work and at home, reducing the chance of phishing and other cyber threats. These recommendations are based on guidance from the Cybersecurity and Infrastructure Security Agency (CISA). While they’re designed for home users, they’re equally valuable in the workplace. How Your Team Can Strengthen Your Cybersecurity They Know How to Spot Phishing Scams Phishing remains one of the most common and dangerous cybersecurity threats. These scams trick employees into sharing sensitive information or granting access to resources that should stay locked down. It only takes one successful phishing attack to open the door to larger breaches or even a full-scale cyberattack. But if your team is trained to recognize phishing attempts and knows how to respond when they encounter one, they’re far less likely to fall for these tricks. Make sure everyone is up to date on your company’s protocols for handling suspected phishing emails and other threats. They Use Strong, Unique Passwords We all know the temptation to reuse passwords across accounts or to create simple, easy-to-remember credentials. But let’s be clear: this is unacceptable. Your team needs to understand that strong, unique passwords are a non-negotiable part of your security strategy. Password management software can help simplify the process, ensuring that your employees don’t take shortcuts when it comes to protecting their accounts. They Use Multi-Factor Authentication (MFA) Think of multi-factor authentication (MFA) as adding an extra lock to your data. It enhances security by requiring an additional verification step, such as a code from an app or a fingerprint scan, on top of the usual username and password. By implementing MFA wherever possible, you make it significantly harder for unauthorized users to access your data, even if they somehow get hold of a password. It’s a simple but effective way to boost security across the board. They Keep Software Updated We all know software updates can be a pain, but they’re critical for security. Most updates address vulnerabilities and close security gaps that cybercriminals might otherwise exploit. Plus, updates often improve performance, helping your business stay productive. While keeping software up-to-date is mainly your IT team’s responsibility, it helps if your employees understand the importance of these updates. The more they appreciate why updates matter, the fewer headaches you’ll face in the long run. We’re Here to Help Keep Your Business Secure At ABT Solutions, we’re dedicated to helping businesses like yours implement practical cybersecurity measures and providing the training your team needs to stay vigilant. Ready to take your security to the next level? Give us a call today or Click Here to receive a free cybersecurity risk assessment.

The Growing Importance of Third-Party Assessments in Cybersecurity In today’s rapidly evolving digital landscape, cybersecurity has become a critical concern for businesses of all sizes. The threat of cyberattacks is ever-present, and the consequences of a breach can be devastating. As organizations strive to protect their sensitive data and maintain customer trust, many are turning to third-party assessments to ensure their security measures are up to par. In fact, insurance companies are now increasingly requiring these assessments as a prerequisite for coverage. But why are third-party assessments so important, and what can they do for your business? Why Third-Party Assessments Matter Objective Evaluation: A third-party assessment provides an objective evaluation of your current security posture. Unlike internal audits, which can be influenced by biases or a lack of comprehensive knowledge, a third-party brings a fresh, unbiased perspective. This ensures that any vulnerabilities or weaknesses are identified accurately and addressed effectively. Meeting Insurance Requirements: Cyber insurance is becoming a crucial part of business risk management, offering protection against the financial fallout of a cyberattack. However, insurance companies are tightening their requirements, with many now mandating third-party assessments as a condition for coverage. These assessments help insurers gauge your level of risk, ensuring that you meet the necessary criteria to qualify for coverage and potentially lowering your premiums. Staying Ahead of Threats: Cyber threats are constantly evolving, with new vulnerabilities emerging daily. A third-party assessment helps you stay ahead of these threats by providing up-to-date insights into the latest risks and how they apply to your specific environment. This proactive approach allows you to implement the necessary defenses before an attack occurs. Building Customer Trust: Customers are increasingly aware of the risks associated with data breaches and expect the businesses they interact with to prioritize cybersecurity. By undergoing a third-party assessment, you demonstrate your commitment to protecting their information, which can significantly boost their confidence in your brand. Regulatory Compliance: Many industries are subject to strict regulatory requirements concerning data protection. A third-party assessment can help ensure that your business remains compliant with these regulations, avoiding costly fines and legal issues. It also provides documentation that can be used to prove compliance to regulators, auditors, and other stakeholders. Guidance on Best Practices: Third-party assessors are typically experts in the field of cybersecurity, with a deep understanding of industry best practices. They can provide valuable guidance on how to improve your security measures, from implementing advanced technologies to refining your internal processes. This expert advice can be instrumental in elevating your security posture and reducing your risk of a breach. The Role of Insurance in Cybersecurity As cyber insurance becomes more prevalent, insurers are placing greater emphasis on ensuring that their clients are taking adequate precautions to protect themselves. This shift is driven by the increasing frequency and severity of cyberattacks, which have led to significant payouts by insurance companies. To mitigate their risk, insurers are now requiring businesses to undergo third-party assessments as part of the underwriting process. These assessments provide insurers with a clearer picture of your organization’s risk level, allowing them to offer tailored coverage that reflects your specific needs. Moreover, businesses that invest in third-party assessments and demonstrate a strong security posture may benefit from lower premiums and better coverage terms. Don’t Wait Until It’s Too Late The reality is that no organization is immune to cyber threats. Whether you’re a small business or a large enterprise, the risk of a cyberattack is real—and the consequences can be severe. By investing in a third-party assessment, you’re taking a crucial step in protecting your business, meeting insurance requirements, and building a stronger, more resilient security posture. Take Action Now If your business hasn’t undergone a third-party cybersecurity assessment, now is the time to act. Not only will it help you meet the evolving requirements of your cyber insurance policy, but it will also provide peace of mind knowing that your organization is better protected against the ever-growing threat of cyberattacks. How We Can Help At ABT Solutions, we specialize in providing comprehensive third-party assessments that are tailored to your business's unique needs. Our team of experts will thoroughly evaluate your security posture, identify vulnerabilities, and offer actionable recommendations to strengthen your defenses. Whether you’re looking to meet insurance requirements, achieve regulatory compliance, or simply enhance your cybersecurity, we’re here to help. Contact us today to schedule your assessment and take the first step toward a more secure future.

As a savvy business owner and Microsoft Windows user, you always update your browser and only visit secure websites. But do your employees exercise the same level of caution? If not, your data could be at serious risk. This is especially true now that hackers are using clever techniques to trick Windows users into opening malicious websites in unique ways. What Is Malware and How Does It Usually Spread? Malware is software that cybercriminals use to jeopardize company devices, from cell phones to desktops. While some online threats originate from competing companies that want to drive another business by destroying customer trust or locking them out of their account, others steal data, funds, and identities. Whatever the reason behind an attack, malware comes in many different types. For instance, viruses and worms make copies of themselves to infect one computer or multiple in a network, respectively. Others, like adware and Trojan horses, pretend to be something they’re not, so employees let down their guard and interact with them. Malware also spreads in unique ways, such as when downloading faux software or legitimate programs that hackers have tampered with. Clicking suspicious links in emails and on websites also causes malware to spread. Since January 2023, this has become a major cause for concern. Check Point Research (CPR) has announced that hackers use clever techniques to trick Windows users into opening malicious websites. Window’s New Zero-Day Flaw Check Point Research said a new malware campaign surfaced in January 2023. In it, hackers use .URL files that act as shortcuts to lure Windows users to affected website pages. These shortcuts appear in .PDF book files and may seem innocuous, but nothing could be further from the truth. Suppose you or one of your employees click on the file. In that case, it opens an outdated version of Internet Explorer with many zero-day flaws. While updated versions have patches for these issues, older ones remain vulnerable, making them perfect for phishing and other cyberattacks. The browser leads users to a faux website page where hackers can deploy malware and steal information. Microsoft’s Remediation of This Flaw During July Patch Tuesday, researchers at CPR explained that hackers are using clever techniques to trick Windows users into opening malicious websites, then using exploit kits and info-stealers to grab credentials and financial data. While it’s one of the biggest Windows threats in recent months, it’s far from the only one. Another flaw, CVE-2024-38080, grants attackers Microsoft virtual machine hypervisor privileges. Microsoft now has patches available for these two active flaws alongside 140 others. If you want to reduce your chances of falling victim to social engineering, especially in cases where hackers are using clever techniques to trick Windows users into opening malicious websites, be sure to keep your browser and your Windows machine updated. How We Can Help At ABT Solutions, we understand the critical importance of keeping your software and systems up to date to protect your business from evolving cyber threats. Our comprehensive IT services include proactive monitoring and regular updates to ensure that your Windows machines, browsers, and other software are always running the latest security patches. We also offer employee training to help your team recognize and avoid the latest social engineering tactics that hackers use. Don’t leave your business vulnerable—partner with us to safeguard your data and maintain a secure, resilient IT environment. Contact us today to learn more about how we can help protect your organization from the latest threats.