August 20, 2018 | Content Aggregator - Single Slide | Data Breaches
Almost half (45%) of reportable data breaches under GDPR were due to negligent insiders, while 42 percent were caused by third parties. Source: McDermott Will & Emery LLP/ Ponemon Institute: “Keeping Pace with the GDPR Race: A Global View of GDPR Progress,” September 2019.
When looking at the three biggest data breaches of the last three years – Marriott 2018, Equifax 2017 and Yahoo! 2016 – an average of 257 million individuals were affected, costing an average of $347 million in legal fees, penalties and remediation costs. Stock prices dropped an average of 7.5 percent following public disclosure of each breach, resulting in an average $5.4 billion market cap loss.
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.
Health care organizations face the highest cost-per record when suffering a data breach ($429 per lost record). Finance, tech, pharmaceutical, services and energy are next on the list.