Top 10 Must-Know Data Breach Statistics for 2020
A data breach is any incident where confidential or sensitive information has been accessed without permission. Breaches are the result of a cyberattack where criminals gain unauthorized access to a computer system or network and steal the private, sensitive, or confidential personal and financial data of the customers or users contained within.
Common cyber attacks used in data breaches are:
- Denial of Service
As we enter the year 2020, the more companies are experiencing crippling security breaches. Latest data breach statistics show that hackers are highly motivated by money to acquire data, and that personal information is a highly valued type of data for them. But why put all the blame on hackers and cyber-thieves? The fact is companies are still not prepared enough for breaches even though they have all the state-of-the-art tools to play.
Latest data risk report says that companies still keep thousands of files unprotected and open for anyone inside the company to access. In this post, we have mentioned some of the most impactful and damaging data breaches statistics on record so that companies could be aware of the threats and the potential damages caused by a data breach.
- 2005 is the year the first data breach (DSW Shoe Warehouse) exposed more than 1 million records.
- The largest insider attack occurred from 1976 to 2006 when Greg Chung of Boeing stole $2 billion worth of aerospace documents and gave them to China.
- As of 2015, 25% of global data required security but was not protected.
- In 2017, Equifax, one of the three major U.S. credit reporting agencies, had exposed 145.5 million accounts including names, Social Security numbers, dates of birth, addresses, and, in some cases, driver’s license numbers of American consumers.
- The United States saw 1,244 data breaches in 2018 and had 446.5 million exposed records.
- Data breaches exposed 4.1 billion records in the first six months of 2019.
- In 2019, First American Financial Corp. had 885 million records exposed online including bank transactions, social security numbers and more.
- On March 21, 2019, Facebook admitted that since 2012 it has not properly secured the passwords of as many as 600 million users.
- On December 19, 2019, over 267 million Facebook usernames, Facebook IDs, and phone numbers were exposed.
- A cyberattack occurs every 39 seconds. It is estimated that a business will fall victim to a ransomware attack every 11 seconds by 2021.
How to Protect Personal Information?
It’s important to take steps to help protect your personal information as more incidents of data breaches are expected in the coming years. It’s crucial to properly set permissions on files and remove stale data. It’s also important to realize what happens when you share personal information: You likely have little control over how your information is secured or what could happen to it in the event of a data breach.
You can take the following steps to strengthen your personal defenses against the damage which could result from your data being breached.
- Shred documents.
- Use secure websites.
- Give your Social Security number only when absolutely required.
- Create strong, secure passwords using uppercase and lowercase letters, non-sequential numbers, and special characters symbols. You can even find unusual approaches for boosting password strength.
- Use different passwords on every different account. This can help minimize the damage if one of your account passwords is exposed or compromised.
- Make sure your computers and mobile devices are running the latest versions of operating systems and applications.
- Frequently monitor your transactions online and your monthly financial account statements to make sure transactions are accurate.
- Regularly check your credit reports to confirm that identity thieves haven’t opened credit card accounts or loans in your name.
- Do not use vulnerable services like Facebook, WhatsApp, Telegram etc.
In the end, if you do not want to be a victim of a data breach then use secure software like Signal Private Messenger. It is a cross-platform encrypted messaging service but it can be used for professional applications as well like video-conferencing, group chat etc. The best part is all Signal communications are automatically end-to-end encrypted which means only concerned user(s) can have access to chat / communication. Along with end-to-end encrypted messages & calling, Signal users can also send and receive unencrypted SMS messages on making it the default SMS/MMS application.
Download the Signal App NOW to make sure you are safe from all types of data breach.