Google and Microsoft were yet to react to the ICCL report.ĭon’t miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp. Advertisers spend $100 billion per year on RTB in the US and Europe," said the report. "Most advertising on websites and apps is placed using RTB. The major concern is that ad tracking could expose personal data that can be used to identify women and people who are pregnant and/or seeking abortion services. It tracks and shares what people in the US and Europe do online and where they are at a vast scale," the report noted. "The industry figures on which we rely do not include Facebook or Amazon RTB broadcasts," it added.Īccording to the report, Google allows 4,698 companies to receive RTB data about people in the US, while Microsoft may send data to 1,647 companies. Still, the report said that the figures presented for RTB broadcasts were a low estimate. A supply chain breach took, on average, 26 days longer to identify and contain than the global average.In Europe, RTB exposes people's data 376 times a day.Ĭollectively, the ICCL estimated that US Internet users' online behaviour and locations are tracked and shared 107 trillion times a year, while Europeans' data is exposed 71 trillion times a year. Nineteen percent of all losses globally come from a breach of a supply chain partner and the average total cost of a supply chain compromise was GBP 4.03 million. Nearly one-fifth of breaches were a result of a supply chain compromise.For those that didn’t pay the ransom, costs rose to an average of GBP 4.62 million. the cost of the demand) and, on average, took 237 days to identify and further 89 days to contain. The average cost of dealing with a ransom was GBP 4.10 million (excl. Ransomware breaches take longer to contain and are more costly.These findings emphasise that businesses must focus on staff training and perimeter security. The most common method of attack was stolen or compromised credentials (19% of breaches, GBP 4.06 million), with phishing at 16% and business email compromise at 6%. On average, the costliest initial attack vector in 2022 was phishing at GBP 4.43 million, while business email compromise cost GBP 4.41 million. The attack vector (method of attack) impacts the cost of a breach. Breaches as a result of phishing and business email compromise are the most costly.Heres how it happened, and what consequences the firm. Human error is also a major exposure, and employees without adequate cybersecurity training are easy phishing or malware targets. Consulting giant PwC is embroiled in a scandal of its own doing, having used confidential government information to benefit its bottom line. Repeated data breaches can result from an unpatched vulnerability in a company’s network. Of the 550 companies polled, 83% said it wasn’t their first data breach. Only the US, the Middle East and Canada recorded higher average costs. The average total cost of a data breach for the UK has continued to climb – it is now in fourth place globally, beating France, Japan and Germany at GBP 4.56 million. The cost of a data breach in the UK has jumped 8.1%.
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