1,093 Data Breaches Expose 36M Records In 2016

Data breaches were reported at an all-time high in 2016 across five different industries, clearly expressing the need for better security in the enterprise.

In the Identity Theft Resource Center’s annual report, data breaches rose 40-percent from 2016 to 2017, encompassing more than 36.6 million records across 1,093 hacks. The ITRC defines a breach as an incident in which an individual name, plus a social security number, driver’s license number, medical record or financial record (i.e. credit/debit cards) is potentially at risk due to exposure.

The industries in the report are broken down into five categories: Banking/Credit/Financial; Business; Educational; Government/Military; Medical/Healthcare. The business industry lead the way in the number of breaches with 495 out of the total 1,093, but it was the medical industry that took up 43.6% of records exposed, with a whopping 15,942,053 of the total 36,601,939.

According to ITRC, some 55% of the breaches came from hacking, skimming, or phishing attacks, with “accidental email/Internet exposure” as the second highest reason with nine percent. ITRC points out that several large scale breaches in 2016, which only involved usernames, passwords, or emails, are included on the list but do not specify the number of records exposed because that type of information doesn’t trigger most data breach notification laws.

Security in the mobile landscape is the focal point of the Enterprise Mobility Exchange: Security West event to be held April 24 and 25 in Phoenix, Arizona, where 40 CIOs, CISOs, Directors, VPs, and Heads of IT will gather for an information sharing strategy session, featuring a two-day agenda packed with speakers, roundtables, and networking opportunities.

Oftentimes mobile breaches occur because enterprises are unaware of how stop a threat before it happens. At the Security West exchange, keynote speaker Nick Savage, Acting Assistant Special Agent in Charge of Cybersecurity for the FBI, will address that issue with his presentation titled, “Defending Your Attack Surface,” diving deep on issues like establishing how to build an effective defense and information assurance framework to secure all of the enterprise’s endpoints; identifying key challenges; and determining how to leverage various technologies to combat security threats.

The average cost of a data breach to an enterprise in any industry rose from 2015 to 2016, according to an IBM study, saying a company will lose $4 million per breach. That includes everything from reconciling and securing the enterprise data to legal costs for liability. The legal aspect of a breach will also be tackled at the Exchange, as Data Privacy and Cyber Security attorney Jamal Hartenstein speaks in his presentation, titled, “The Letter of the Law: Who Is Liable When It Comes to Security Breaches?” Find out more about Hartenstein’s session here.

To learn more about the Exchange format and how it works, visit the Security West Coast site here.

To keep up with industry news, sign up for Enterprise Mobility Exchange’s newsletter here, follow us on Twitter @mobilityxchange, and join our LinkedIn group, Enterprise Mobility Exchange, by clicking here.