THE DATA BREACHES THAT ATE THE WORLD

 

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Data breaches can have serious consequences, including class actions, organizational embarrassment, a drop in the price of a company's stock and termination of a top executive. Additionally, cybercriminals don’t discriminate among targets, as evidenced by recent data breaches targeting Yahoo! Inc. and the Democratic National Committee.

And, the number of data breaches is going up. According to the Identity Theft Resource Center (ITRC), there were 781 reported incidents in 2015. As of Nov. 8, 2016, there were 858 data breaches reported by organizations accounting for more than 29.8 million compromised records, according to the latest ITRC report

The report examined five different categories of industries: financial, business, educational, government/military and medical. The business category experienced the most incidents, with 384 reported data breaches and more than 2.5 million compromised records. It was followed by the medical category, with 306 data breaches and more than 14.4 million compromised records. 

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