Largest number of data breaches in US in 2016

January 25th, 2017 by admin Leave a reply »

Identity Theft Resource Center (ITRC) and CyberScout, 2016 conducted survey and mentioned that US suffered an all-time high of 1,093 reported data breaches. Previous year breaches stands at 780. Thus making a 40 percent increase in the breach count.

ITRC president and CEO Eva Velasquez said he is not sure whether the increased number is due to increase in the breaches or more companies making it public.

“For the 10 years, the ITRC has been aware of the under-reporting of data breach incidents on the national level and the need for more state or federal agencies to make breach notifications more publicly available,” Velasquez said in a statement. “This year we have seen a number of states take this step by making data breach notifications public on their websites.”

According to the survey the breaches categories include –

The business sector – 494  incidents

Healthcare industry – 377 incidents

The education sector – 98 incidents

The government/military -72 incidents

Banking/credit/financial sector – 52 incidents

Other findings include –

Hacking and phishing  attacks – 55.5 percent of breaches

Employee error – 8.7 percent breaches

Fifty-two percent exposed Social Security numbers

“For businesses of all sizes, data breaches hit close to home, thanks to a significant rise in CEO spear phishing and ransomware attacks,” CyberScout CEO Matt Cullina said in a statement. “With the click of a mouse by a naive employee, companies lose control over their customer, employee and business data.”

“In an age of an unprecedented threat, business leaders need to mitigate risk by developing C-suite strategies and plans for data breach prevention, protection and resolution,” Cullina added.

“The database compromises of 2016 confirmed yet again that breaches are the third certainty in life and we are all living in a constant state of cyber insecurity,” CyberScout chairman and founder Adam Levin said in a statement. “Hackers and identity thieves continue to evolve. They are very sophisticated, extremely creative and dogged in their pursuit of what is ours.”

Separately, 10Fold recently published a list of top ten breaches of 2016.

“If 2015 was the year of the healthcare data breach — breaches impacted nearly 40 million people — then 2016 was the year of the social media breach,” Angela Griffo, vice president of 10Fold’s cyber security practice, said in a statement. “Four of the top 10 breaches were social media related and impacted more than 640 million people.”

“But the biggest surprise of the year was Yahoo revealing that the information of more than 1.5 billion people had been stolen by attackers,” Griffo added. “Regardless of an attacker’s motive, any compromised information leaves users susceptible to identity theft and fraud.”

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