The White House and CISA have named key cybersecurity officials as part of their national resilience strategy rollout. Harry Wingo will become the deputy national cyber director, while Bridget Bean is set to be the new executive director at CISA.

While purchasing cyber insurance won't completely prevent data breaches, it does improve the cyber posture as it requires strict underwriting processes. However, only a quarter of companies currently have standalone cyber insurance policies.

A recent study by Parametrix has found that the global IT outage linked to CrowdStrike will result in at least $5.4 billion in direct financial losses for Fortune 500 companies, excluding Microsoft.

According to Crunchbase data, cybersecurity funding reached a two-year high in Q2 of 2024, with venture capitalists investing $4.4 billion in startups, the strongest quarter since 2022. This marked a 144% increase from the previous year.

Most of the SEC civil fraud case against SolarWinds was dismissed by a U.S. District Court judge, but key allegations related to misleading investors about cybersecurity practices leading up to the 2020 Sunburst hack remain.

UnitedHealth is expected to spend over $2.3 billion this year to recover from a cyberattack on its subsidiary Change Healthcare, which is significantly higher than initial estimates.

Credential mismanagement was the leading cause of cloud-based attacks in the first half of 2024, according to a Google Cloud report. Weak credentials and misconfigurations were responsible for 75% of network intrusions during this period.

One-third of software development professionals lack awareness of secure practices, according to a report by the Linux Foundation and the Open Source Security Foundation.

According to Reliaquest, ransomware incidents surged in Q2, with 1,237 organizations listed on data leak sites, a 20% increase from Q1. U.S. businesses were hit the hardest, accounting for over half of the victims.

A survey by data security company Kiteworks reveals that around 60% of organizations struggle to track their information once it leaves through communication channels like email.