July 25, 2018 | Content Aggregator - Single Slide | Data Breaches
Vulnerabilities and breaches are mainstream news regularly. With a new vulnerability seemingly discovered daily, which should be taken more seriously (i.e., patch now!) and which are overhyped? In this quarterly research report, IANS Faculty Mike Saurbaugh updates clients on the top vulnerabilities and breaches from the past quarter and provides some real-world context and perspective.
The number of breaches reported in the U.S. in 2018 was down 23 percent, from 1,632 to 1,244. However, the number of personally identifiable information (PII) records exposed in 2018 jumped 126 percent from 197.6 million to 446.5 million.
What's the best way to gauge the cost of a data breach to a financial services organization? In this Ask-an-Expert written response, IANS Faculty Rebecca Herold says it's important to consider common hard costs (direct, residual, etc.) in addition to softer, harder to measure impacts (e.g., brand damage and difficulty hiring).
Nearly half of all data breaches (46%) reported last year occurred in retail/hospitality/utilities, while 29 percent were reported in the medical/health care industry. Another 11 percent of reported breaches affected banking/credit/financial industries.