January 18th is the deadline which has been set by ransomware LockBit as they threaten to release sensitive information including financial reports, audits, budgets, contracts, cargo information, and ship logs stolen from the Port of Lisbon.

The Port of Lisbon suffered a cyber-attack on Christmas Day leaving confidential data at risk. LockBit ransomware are threating the release all of the files that were seized during their computer attack should their ransom demands of $1.5 million be left unmet by January 18th.

One of the hardest challenges facing businesses this year is protecting sensitive customer data.

New SEC rules set to come into play in the spring of 2023 forcing listed companies to report their cyberattacks to core stakeholders, such as investors, customers and regulators. Currently, 85% of such cyberattacks are unreported by organizations as businesses fear a loss of confidence from the public.

This new regulation puts pressure on boardrooms to understand the real-time safety of their systems and their ability to defend the data they are guardians of, including that of patients, customers, and investors.