Desjardins Group Chief Executive Guy Cormier said the credit union federation will offer free, permanent data protection to all its members in the wake of last month's data breach that affected 2.7 million individuals.
The United Kingdom’s data protection regulator plans to fine Marriott International $124 million for last year’s massive data breach involving 339 million guest records.
A data leak at First American, the largest real estate title insurance company in the United States, has exposed the transaction records of about 900 million customers.
Fifty-three percent of respondents reported that their organization had encountered a critical cybersecurity issue or incident that put a mergers and acquisitions (M&A) deal in jeopardy and 65 percent of respondents said they had experienced buyers’ remorse because of cybersecurity concerns after closing a deal.
In an effort to tighten data storage practices and data breaches, a bipartisan legislation introduced by Sens. Mark Warner, D-Va., and Josh Hawley, R-Mo, Designing Accounting Safeguards to Help Broaden Oversight And Regulations on Data (DASHBOARD) Act, will require data harvesting companies such as social media platforms to tell consumers and financial regulators exactly what data they are collecting from consumers, and how it is being leveraged by the platform for profit.
