Despite the perceived increase in awareness of cybersecurity, 2019 is on course to become the worst year ever for the number of reported data breaches a new report shows.
According to the 2019 Midyear Quickview Data Breach Report compiled by Risk Based Security the number of reported data breaches jumped 54% over the first six months of the year when compared to the same period in 2018.
Overall 4.1 billion records comprised of sensitive data including personal and financial information has been exposed, however, 80% of those were exposed in just eight major data breaches.
The biggest breaches up to the midyear of 2019 were –
With the vast majority of breaches being a result of a failure to do the cybersecurity basics it’s clear that the message still isn’t getting through to businesses of all sizes.
The numbers in the report are also likely not to paint the full scale of the issue as in regions where statutory obligations such as GDPR do not apply means that businesses can easily hide a breach from the public and the authorities.
A new report released by IBM has shown that the cost of a data breach in the healthcare sector (£5.2 million) is costing almost twice as much as the global average (£3.2 million).
The healthcare industry is particularly vulnerable due to the large amount of data it typically keeps on individuals, more than any other industry. Criminals know this and they also know that typically the healthcare sector’s cybersecurity budget and expertise are often lacking.
The introduction of new mobile and IoT technologies has also increased the number of potential vulnerabilities the sector faces.
Many organisations (not just in the healthcare sector) are struggling with their cybersecurity but there is a way to get to grips with it that isn’t expensive or resource intensive.
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For small/medium sized businesses this is ideal as it is a far more affordable approach to attaining Cyber Essentials Plus certification than the traditional manpower-intensive way.
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