2019 set to be worst year ever for data breaches and cybercrime costs the Healthcare sector more than any other

Despite the perceived increase in awareness of cybersecurity, 2019 is on course to become the worst year ever for the number of reported data breaches a new report shows.

According to the 2019 Midyear Quickview Data Breach Report compiled by Risk Based Security the number of reported data breaches jumped 54% over the first six months of the year when compared to the same period in 2018.

Overall 4.1 billion records comprised of sensitive data including personal and financial information has been exposed, however, 80% of those were exposed in just eight major data breaches.

The biggest breaches up to the midyear of 2019 were –

  1. Toyota: 3.1 million
  2. Evite: 10 million
  3. American Medical Collection Agency (AMCA) 20+ million
  4. Capital One: 106 million
  5. Canva: 139 million
  6. MongoDB: 275 million
  7. Suprema: 27.8 million
  8. Desjardins: 2.9 million

The findings

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With the vast majority of breaches being a result of a failure to do the cybersecurity basics it’s clear that the message still isn’t getting through to businesses of all sizes.

The numbers in the report are also likely not to paint the full scale of the issue as in regions where statutory obligations such as GDPR do not apply means that businesses can easily hide a breach from the public and the authorities.

Read more: Cut the cybersecurity risks by doing the basics

Costs of cybercrime highest for Healthcare

A new report released by IBM has shown that the cost of a data breach in the healthcare sector (£5.2 million) is costing almost twice as much as the global average (£3.2 million).

The consequences of data theft

The healthcare industry is particularly vulnerable due to the large amount of data it typically keeps on individuals, more than any other industry. Criminals know this and they also know that typically the healthcare sector’s cybersecurity budget and expertise are often lacking.  

The introduction of new mobile and IoT technologies has also increased the number of potential vulnerabilities the sector faces.

Many organisations (not just in the healthcare sector) are struggling with their cybersecurity but there is a way to get to grips with it that isn’t expensive or resource intensive.

Get a grip of your cybersecurity with CyberScore   

CyberScore enables organisations to quickly and easily assess their cybersecurity. It does this by giving you an understandable view of your security posture, and creates a plan to allow you to fix things in a prioritised way.

In addition, CyberScore customers can also use the technology to assess their organisation against the requirements of Cyber Essentials Plus. Once any remedial action has been successfully completed, CyberScore then produces a Cyber Essentials Plus certificate which is then registered with the Scheme. It does all of this without the need or cost of a traditional on-site visit by a specialist assessor.

For small/medium sized businesses this is ideal as it is a far more affordable approach to attaining Cyber Essentials Plus certification than the traditional manpower-intensive way.

Want to try CyberScore? Click here for a free trial - cyberscore.com/trial

For Further Reading –

Release 40 is now live!

How to reassure your customers that you’re looking after their data

Where’s your business’s ‘crown jewels’ and how to protect them

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