A new report from one of the of the world leaders in digital security shows that more than 44 data records were compromised every second in 2016.
Global digital security company Gemalto's 2016 Breach Level Index shows that 1,792 data breaches led to almost 1.4 billion data records being compromised worldwide last year, an increase of 86pc compared to 2015.
The global report highlights the uphill task facing companies in complying with the General Data Protection Regulation (GDPR), particularly the requirement to report significant breaches of security to the regulator and subjects within 72 hours - the Gemalto report shows that 52pc of data breaches in 2016 did not disclose the number of compromised records at the time they were reported.
The report also highlights the trend by cybercriminals to moving from attacks on financial information to hacking much bigger databases, containing large volumes of personally identifiable information. According to Jason Hart, Vice President and Chief Technology Officer for Data Protection at Gemalto, cyber-criminals are often using easy to access information as a starting point to hack into much more serious pieces of data.
"The Breach Level Index highlights four major cybercriminal trends over the past year. Hackers are casting a wider net and are using easily-attainable account and identity information as a starting point for high value targets. Clearly, fraudsters are also shifting from attacks targeted at financial organizations to infiltrating large data bases such as entertainment and social media sites. Lastly, fraudsters have been using encryption to make breached data unreadable, then hold it for ransom and decrypting once they are paid", he said.
By industry, the Healthcare industry accounted for 28pc of data breaches, with breaches from Government sources accounting for 15pc of all data breaches and the Financial industry accounting for 12pc of breaches.
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