- SOLUTIONS & SERVICES
There were 1,792 data breaches in 2016, which led to almost 1.4 billion data records being exposed worldwide, according to the Breach Level Index (BLI) report from Gemalto. This is up nearly 300% from 2015.
Unsurprisingly, identity theft was the leading type of data breach, accounting for 59 percent of all data breaches. The BLI is a global database that tracks data breaches and measures their severity based on multiple factors including the number of records compromised, type of data, source of the breach and how the data was used.
According to the BLI, more than 7 billion data records have been exposed since 2013, when the index began benchmarking publicly disclosed data breaches. That amounts to more than 3 million records compromised every day, or about 44 records every second.
The report also highlighted the cybercriminal trend from financial information attacks to bigger databases with large volumes of personally identifiable information.
These data breaches can have enormous legal, financial and reputational consequences and a proactive governance plan can help to limit compliance risk. Below is an excerpt from one of our recent blog posts that lays out some of these strategies: