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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.
As we have discussed in a previous blog post about Sony, the consequences of a data breach reach beyond the initial loss of data. The latest company to experience this is Arby's.
The Identity Theft Resource Center (ITRC) released a report for the breaches within the last year. The numbers are unfortunately staggering and present major compliance risk for businesses in nearly every industry.
The Sixth Annual Benchmark Study on Privacy and Security of Healthcare Data had some unfortunate though predictable results. Many organizations lack the resources and budget to properly fight these breaches despite their increasing frequency. This study also included business associates which are organizations that perform services for an entity that handle protected health information (PHI). This is an important note as the more connected businesses become, the more potential that exists for a breach, even if that happens outside the healthcare organization. The Ponemon institute, which conducted the study, estimates that the average cost per breach is $2.2 million.
The Identity Theft Resource Center (ITRC) released a report for the breaches within the last year. The numbers are unfortunately staggering and present major SharePoint compliance risk for businesses in nearly every industry.
Data breaches are so common now it hardly breaks through the 24 hour news cycle. Banks, social media sites, law offices and even small, private businesses have all been victims. Overall, the total average cost of data breaches paid by organizations was $6.5 million.
Earlier this month, China admitted for the first time publicly that the data privacy breach of the U.S. Office of Personnel Management's computer systems was the work of Chinese hackers. However, China insisted that these attacks were the work of criminals, not a state-sponsored attack. There has been no information released about any identifying details of these criminals.