The rising practice of shaking down customers to pay for security shortfalls could have a silver lining for CISOs, as diluted price competitiveness could convince top brass of the ROI of cybersecurity investments.
Consumers may be more on the hook for paying for the rising costs of data breaches than they realize, as companies increasingly turn to price hikes as part of their post-breach cost-recovery strategies. According to a report from IBM earlier this year, nearly two-thirds of companies plan to pass along data breach costs directly to their customers — a practice that is sharply increasing, IBM said.
Read more…
Source: CSO News
Related:
- Trump’s acting cyber chief uploaded sensitive files into a public version of ChatGPT
January 27, 2026
The interim head of the country’s cyber defense agency uploaded sensitive contracting documents into a public version of ChatGPT last summer, triggering multiple automated security warnings that are meant to stop the theft or unintentional disclosure of government material from federal networks, according to four Department of Homeland Security officials with knowledge of the incident. The ...
- Nike says it is investigating possible data breach
January 26, 2026
Nike says it is investigating a potential data breach, after a group known for cyber attacks reportedly claimed to have leaked a trove of data related to its business operations. “We always take consumer privacy and data security very seriously,” Nike said in a statement. “We are investigating a potential cyber security incident and are ...
- ShinyHunters claims Okta customer breaches, leaks data belonging to 3 orgs
January 23, 2026
ShinyHunters has claimed responsibility for an Okta voice-phishing campaign during which the extortionist crew allegedly gained access to Crunchbase and Betterment. On Friday, the criminals leaked data allegedly stolen from market-intel broker Crunchbase, streaming platform SoundCloud, and financial-tech firm Betterment, and confirmed to The Register that they gained access to two of the three – Crunchbase ...
- Data of 72 million Under Armour customers appears on the dark web
January 22, 2026
When reports first emerged in November 2025 that sportswear giant Under Armour had been hit by the Everest ransomware group, the story sounded depressingly familiar: a big brand, a huge trove of data, and a lot of unanswered questions. Since then, the narrative around what actually happened has split into two competing versions—cautious corporate statements on ...
- Canadian Investment Regulatory Organization data breach reveals info on 750,000 investors
January 19, 2026
The 2025 cyberattack at the Canadian Investment Regulatory Organization (CIRO) affected roughly 750,000 Canadians, it has now confirmed. Founded in 2023, CIRO is Canada’s national self-regulatory body that oversees investment dealers, trading activity, and market integrity. In mid-August 2025, CIRO disclosed a cyberattack and data breach, saying it was forced to shut down parts of its ...
- US cargo tech company publicly exposed its shipping systems and customer data to the web
January 14, 2026
For the past year, security researchers have been urging the global shipping industry to shore up their cyber defenses after a spate of cargo thefts were linked to hackers. The researchers say they have seen elaborate hacks targeting logistics companies to hijack and redirect large amounts of their customers’ products into the hands of criminals, in ...