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INTELLIGENT BRANDS // Enterprise Security
“Less than
1% of the
stolen, lost or
compromised
data used
encryption
to render the
information
useless.”
Gemalto reports global
increase in data breaches
G
emalto, a world leader in digital
security, has released the latest
findings of the Breach Level
Index, a global database of public
data breaches. This reveals 918 data
breaches led to 1.9 billion data records
being compromised worldwide in the
first half of 2017.
Compared to the last six months of
2016, the number of lost, stolen or
compromised records increased by a
staggering 164%.
A large portion came from the 22
largest data breaches, each involving
more than one million compromised
records. Of the 918 data breaches more
than 500 (59% of all breaches) had an
unknown or unaccounted number of
compromised data records.
www.intelligentcio.com
The Breach Level Index is a global
database that tracks data breaches
and measures their severity based
on multiple dimensions, including
the number of records compromised,
the type of data, the source of the
breach, how the data was used,
and whether or not the data was
encrypted. By assigning a severity
score to each breach, the Breach Level
Index provides a comparative list of
breaches, distinguishing data breaches
that are not serious versus those that
are truly impactful.
According to the Breach Level Index,
more than nine billion data records
have been exposed since 2013 when
the index began benchmarking publicly
disclosed data breaches. During the
first six months of 2017, more than
10 million records were compromised
or exposed every day, or 122 records
every second, including medical, credit
card and/or financial data or personally
identifiable information.
This is particularly concerning, since
less than 1% of the stolen, lost or
compromised data used encryption to
render the information useless, a 4%
drop compared to the last six months
of 2016.
“IT consultant CGI and Oxford
Economics recently issued a study,
using data from the Breach Level
Index and found that two-thirds of
firms breached had their share price
negatively impacted. Out of the 65
companies evaluated the breach cost
shareholders over $52.40 billion,” said
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