Tag: data breaches

Top data breaches from 2016

Posted on December 23, 2016 by

In a world where the Internet of Things is growing exponentially, attackers are exploiting vulnerabilities in systems every day, and data breaches are constantly announced, cybersecurity has been top of mind. Here’s a look at some of the biggest data breaches from 2016 as well as some honorable mentions from 2015. Yahoo: The company suffered two breaches this year, announcing thefts in September and December. The latest breach may be the biggest of all time, as Yahoo is estimating 1 …

The National Consumer League released a study last week based on surveys from identity fraud victims across the United States. It claims that just 28 percent of victims think the government’s requirements for protecting healthcare and financial data are sufficient. “In this polarized political climate, it’s rare for Americans to express such agreement on any issue,” Al Pascual, a senior analyst at Javelin Strategy & Research, said in a press release. Javelin was a partner in the study. “But when …

The Adobe hack originally reported earlier this month turns out to have affected 38 million total users, including financial and personal account data. Adobe claims the 2.9 initially reported had their credit cardholder data compromised, while the additional millions had their encrypted passwords stolen. In addition, a letter to Adobe customers claims that hackers may have even used their systems to decrypt some of the passwords. While merely speculative during early investigations, it has been recently verified that the source …

The Ponemon Institute and Symantec released a report earlier this year, 2013 Cost of Data Breach Study: Global Analysis, that revealed the most heavily regulated industries correlated with the highest costs of a data breach – the healthcare industry, for example, had a per capita cost that was 71 percent higher than the overall mean cost. Pharmaceuticals, also within the healthcare industry, came in at third for highest data breach costs at 52 percent higher than the average. The per …

According to the 2013 Cost of a Cybercrime Study conducted by the Ponemon Institute and Hewlett-Packard, the cost of cybercrime has increased 78 percent since the first study was conducted four years ago. The cost to enterprises to pay to clean up after a cyberattack has also increased 26 percent from 2012, according to SearchSecurity.com. As HP.com reports, the average time to resolve a cyberattack has also increased significantly by nearly 130 percent. The average cost to resolve one breach …

October is National Cyber Security Awareness Month (NCSAM), celebrated annually to highlight awareness about online security for consumers, small and medium-sized businesses (SMBs), corporations, educational institutions and young people nationwide. NCSAM will focus on different aspects of online security, including mobile devices, cyber education (including workforce development in STEM – Science, Technology, Engineering and Math), cybercrime, and cybersecurity as it affects critical society infrastructure, such as transportation systems, electrical grids, emergency response systems and more. Among the resources on their …

A recent study by the Ponemon Institute and Experian Data Breach Resolution reveals that 45 percent of organizations reported having suffered a data breach or security exploit over the past 2 years as a result of negligence or mistakes causing the loss of confidential business information. Thirty-four percent experienced a disruption in business operations, and 24 percent were victims of misuse or theft of confidential business information (i.e., intellectual properties). Last year I wrote the article, Michigan Cyber Initiative Reports …

Recently, Nasdaq.com reported on hackers that gained access to more than a dozen major global payment processor, retailer and financial institutions’ systems, including NASDAQ (trading platform unaffected), 7-Eleven, JC Penney, Heartland Payment Systems, Visa Jordan, Global Payment, JetBlue, Dow Jones and others. In a press release from last week, a federal indictment announced that five men in Russia were charged with conspiring in the international hacking scheme which resulted in 160 million credit card numbers stolen. Issued by the U.S. …

The State of California released a report on 2012 data breaches that found 1.4 million residents would have had their information protected if companies had encrypted data in transit when sent from their company’s network. The report showed 131 data breaches affected 2.5 million Californians, as well as listing recommendations of how to avoid loss or theft of data. Among their recommendations were employing data encryption; reviewing and tightening security controls on personal information; training employees and contractors; revising breach …

Join Adam Goslin, COO High Bit Security for an informative webinar on the latest information on cyber-theft, and the very real security challenges all businesses face. Title: Why Is It So Hard to Secure a Company? When: Tuesday, July 16 @2PM ET Register: Visit to Register Description: This easy to understand session is intended for both business and technical participants to improve their understanding of the reasons it is so difficult to secure a company, the biggest (incorrect) assumption that leads to an insecure …

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