Technology has revolutionized the way we work, communicate, and do business. As we’ve transitioned from hunter-gatherers to tech-savvy professionals, our reliance on digital tools has exposed us to many cyber threats. The sobering fact is that while many businesses claim cybersecurity is a priority, few have robust policies to safeguard against these threats. In 2023, […]
In 2024, cybersecurity breaches have skyrocketed, with an expected growth to 20 million incidents annually. The escalating frequency and sophistication of Cyber risk underscore the pressing need for robust cybersecurity measures. As renowned cybersecurity expert Bruce Schneier once said, “Security is not a product, but a process.” This statement rings more accurate than ever as […]
“By 2025, cybercrime is predicted to cost the world $10.5 trillion annually, making it more profitable than the global trade of all major illegal drugs combined.” – Cybersecurity Ventures. Cyber threats are an ever-present danger for businesses of all sizes. From data breaches to ransomware attacks, the risks are significant and can lead to substantial […]
Ransomware attacks have become a significant threat to businesses of all sizes and industries. According to the latest estimates, the cost of cybercrime worldwide is projected to reach a staggering $13.82 trillion by 2028. This alarming figure underscores the critical need for organizations to take proactive measures to safeguard their assets and data. One of […]
Imagine waking up one morning to discover your business has lost millions of dollars overnight. That’s the nightmare reality for many companies after a data breach. According to IBM’s 2023 Cost of a Data Breach Report, the average cost of a data breach is now a staggering $4.45 million. This isn’t just about numbers on […]
The fintech revolution has significantly transformed the financial landscape, offering innovative ways to borrow, save, transact, and invest. With fintech revenues projected to grow from $245 billion to $1.5 trillion by 2030, the sector’s expansion shows no signs of slowing down. However, this rapid growth has made fintech an attractive target for cybercriminals, necessitating robust […]
Industry E-commerce Coverages Data Breach Response Ransomware Recovery Data Restoration Incident Description One of Mitigata’s e-commerce clients, utilizing Saara’s EcoReturns and WyseMe plugins on Shopify, experienced a significant data breach due to a misconfigured MongoDB database. Over 25 GB of sensitive data, including customer details and order specifics, was exposed for eight months, […]
Phishing is the single most common form of cyber crime. An estimated 3.4 billion emails a day are sent by cyber criminals, designed to look like they come from trusted senders. This is over a trillion phishing emails per year. Phishing emails are a prevalent form of cyber attack where malicious actors deceive recipients into […]
With fast-evolving technology and unending digital transformations, the business landscape is becoming increasingly prone to cyber attacks and other cyber threats. A study by IDC from 2021 reveals that over 98% organizations have been affected by at least one data breach in the previous 18 months. India itself has witnessed 1787 cyberattacks per week since […]
As artificial intelligence (AI) continues to advance, cybercriminals are finding new ways to exploit this technology to carry out sophisticated attacks. A notable example of this is the use of deepfake audio to conduct AI-based phishing attacks. In this case study, we explore a real-life incident where cybercriminals used AI-generated voices to deceive the U.K.-based […]
