Tags: Global | data | breach | identity

Study: Global Data Breaches Soared 49 Percent Last Year

By    |   Thursday, 12 February 2015 02:52 PM

The media has been full of reports about cyber theft over the past year, from Target, to insurance company Anthem, to the Pentagon.

Now the problem has been quantified. Gemalto, a Dutch digital security company, calculates that more than 1,500 data breaches occurred worldwide last year, up 49 percent from 2013. A total of 1 billion data records were compromised in 2014, up 78 percent.

Identity theft accounted for 54 percent of the data breaches last year.

"We're clearly seeing a shift in the tactics of cybercriminals, with long-term identity theft becoming more of a goal than the immediacy of stealing a credit card number," said Tsion Gonen, vice president of identity and data protection at Gemalto.

"As data breaches become more personal, we're starting to see that the universe of risk exposure for the average person is expanding."

Data breaches also are "becoming more severe," Gonen said. "Being breached is not a question of if but when."

Retailers accounted for 55 percent of the data records purloined in 2014, up from 29 percent in 2013. Experts told CNBC this might stem from the fact that shoppers often use one password for all the retail websites they visit, allowing hackers to dive into numerous accounts.

"Hackers know people use the same passwords for multiple accounts. If you can infiltrate one retailer, the chances that the data you steal from one retailer can be used again and again," David Emm, senior security researcher at cyber security company Kaspersky Lab, told CNBC.

For the financial services sector, the number of data breaches remained relatively flat year over year, but the average number of records lost per breach increased ten-fold to 1.1 million from 112,000

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The media has been full of reports about cyber theft over the past year, from Target, to insurance company Anthem, to the Pentagon.
Global, data, breach, identity
283
2015-52-12
Thursday, 12 February 2015 02:52 PM
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