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Stolen Data Increased by 164 Percent Within Six Months

Stolen Data Increased by 164 Percent Within Six Months

According to the global Breach Level Index, stolen data increased by 164 percent within six months. This should be an eye-opener for organizations regarding security.

A large portion of the breached data came from the 22 largest data breaches and involved over one million records. Over 59 percent of all breaches had an unknown or unaccounted number of compromised data records.

That is alarming since more than 9 billion data records have been exposed since 2013 of publicly disclosed data breaches.  The number will be much higher considering what was not registered.  Another major concern is that less than 1 percent of the compromised data used encryption to protect the data.

The Breach Level Index (BLI) is a global database that tracks data breaches.  The BLI measures severity based on multiple factors including the number of records compromised, the type of data compromised, the source of the data breach, how the data was used by hackers, and whether the data was encrypted.

Here are some of the numbers when considering your network security against data breaches:

  • Cybercriminals made up 74 percent of data breaches
  • Only 13 percent of the breaches were compromised of stolen, compromised or lost records.
  • Inside threats made up 8 percent of all data breaches
  • Over 74 percent of all data breaches involved accounting files

What industries are affected the most?

According to the Breach Level Index (BLI), Education was one of the largest increases in breaches as it was up 103 percent in 2017 compared to 2016.  Healthcare came in at a close second with a 423 percent increase in stolen, lost or compromised data records.

Our complimentary network and security assessment can give you the whole IT picture and how to protect your business.

365 iT SOLUTIONS is Toronto’s leading IT consulting boutique firm offering industry-leading IT solutions including Managed IT ServicesIT Support ServicesIT Outsourcing ServicesTech Support Services and Cloud Services.

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