![](https://cybersecurityventures.com/wp-content/uploads/2024/02/blogphoto9.jpg)
19 Jul Boardroom Executives Are Taking Cyberattacks As Seriously As Heart Attacks
This week in cybersecurity from the editors at Cybercrime Magazine
– Read the Full Story in Newsday
Sausalito, Calif. – Jul. 19, 2024
Newsday reports that in the first half of 2024 one billion individuals had their data exposed in multiple incidents due to third-party breaches, according to a report by the San Diego-based nonprofit Identity Theft Resource Center.
The largest was the data breach at Ticketmaster, which affected 560 million accounts when customer data was stolen from a vendor it uses, Snowflake, a cloud-based data storage company.
These types of events are known as supply chain attacks in the cybersecurity industry, said Steve Morgan, founder of Northport-based Cybersecurity Ventures and publisher of Cybercrime Magazine.
Cybersecurity Ventures estimated the global cost of supply chain attacks to businesses would reach $60 billion in 2025, based on 15 percent annual growth. The growing cost of cybercrime has led corporate leaders to take notice, he said.
“Now that boardroom and C-suite executives have learned the hard way, they are taking cyberattacks as seriously as heart attacks,” Morgan said.
Cybercrime Magazine is Page ONE for Cybersecurity. Go to any of our sections to read the latest:
- SCAM. The latest schemes, frauds, and social engineering attacks being launched on consumers globally.
- NEWS. Breaking coverage on cyberattacks and data breaches, and the most recent privacy and security stories.
- HACK. Another organization gets hacked every day. We tell you who, what, where, when, and why.
- VC. Cybersecurity venture capital deal flow with the latest investment activity from various sources around the world.
- M&A. Cybersecurity mergers and acquisitions including big tech, pure cyber, product vendors and professional services.
- BLOG. What’s happening at Cybercrime Magazine. Plus the stories that don’t make headlines (but maybe they should).
- PRESS. Cybersecurity industry news and press releases in real time from the editors at Business Wire.
- PODCAST. New episodes daily on the Cybercrime Magazine Podcast feature victims, law enforcement, vendors, and cybersecurity experts.
- RADIO. Tune into WCYB Digital Radio at Cybercrime.Radio, the first and only round-the-clock internet radio station devoted to cybersecurity.
Contact us to send story tips, feedback and suggestions, and for sponsorship opportunities and custom media productions.