The Identity Theft Resource Center reports that there were 783 data breaches in 2014, up 27.5 percent over 2013. These attacks are increasing in number and in collateral damage. Think of all the sensitive data (credit card and Social Security numbers, passwords, emails etc.) that fell into the hands of cyber criminals. These breaches are costlier than ever before, as well. On average, a data breach cost a U.S. company $195 per record last year.
With an average of more than two breaches occurring every day, the headlines begin to sound like an overwhelming, broken record. To take these huge numbers out of the abstract and give the breaches some context, they will be compared to human populations.
A Texas-Size Chuck of Consumer Data
South Korea’s big breach in August hit over 70% of its of 27 million population. Thieves hacked registration pages for gaming and gambling sites, ringtone downloads and movie ticket stores to steal personal information that they then leveraged into nearly US$400,000. That would be like the whole of...Read More
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