10 facts you need to know about data breaches.

Author:Galea, Deborah
Position::DATABASE AND NETWORK INTELLIGENCE: SECURITY
 
FREE EXCERPT

2014 was dubbed as 'the year of the data breach'. With many new data breaches dominating the headlines in 2015, including Anthem, the White House, banking attacks, and the latest employee data theft at the US federal government, one can only imagine what the name for 2015 will be: the year of even more data breaches?

According to the Ponemon Institute, 43% of companies experienced a data breach in 2014. Not only is the number of data breaches rising, the number of records stolen per breach is increasing as well as the cost per stolen record. It is apparent that current security measures are not sufficient to protect organisations from data breaches.

The SANS Institute reports that a whopping 95% of all attacks on enterprise networks gained entry through a spear phishing attack. A spear phishing attack is an email targeted at specific individuals that are engineered to look legitimate and fool even tech-savvy users. The email has a malicious attachment or link that when opened installs malware and tries to gain system access.

Clearly, spear phishing attempts are sometimes able to get past traditional spam filters and antivirus engines. No single antivirus engine will be able to block every threat. However, by deploying multi-scanning with multiple antivirus engines, the different detection algorithms and heuristics of each engine can be combined, which significantly increases the malware detection rate for known and unknown malware. Other technologies such as data sanitization and file type verification can also prevent threats that may go undetected by antivirus engines.

Below, we have highlighted the top 10 most interesting, remarkable, and troubling facts about data breaches:

Number of stolen records up 78% in 2014

According to the 2014 Breach Level Index by Gemalto, one billion records were compromised in 2014 in more than 1,500 data breaches: a 78% increase compared to 2013.

Cost of data breach rose 23% since 2013

The total cost of a data breach increased 23% since 2013, as reported in the Ponemon Institute's Annual Cost of Data Breach Study. In 2015 the average cost per lost or stolen record is $ 154.

Most costly breaches in US and Germany

The Ponemon Institute reports that the most costly breaches are in the US ($217 per record stolen) and Germany ($211 per record stolen).

Healthcare highest cost per stolen record

The cost of stolen healthcare records can be as high as $363, according to the Ponemon Institute. Healthcare records are...

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