2020 sees huge increase in records exposed in data breaches on January 21, 2021, 10:50 AM PST The number of breaches may have fallen, but the number of exposed records hit a high not seen since 2005, says Risk Based Security. Image: iStockphoto/Rawpixel
Data breaches now seem to be a never-ending story as we constantly hear about one company after another being compromised. The true damage of these breaches lies in how much private or confidential information is exposed. Though the number of reported breaches may have declined last year, the number of breached records skyrocketed, according to a report released Thursday by security firm Risk Based Security (RSB).
The housing crash of 2007-2008 that spilled into the great financial crisis is not news to any investor. Many are familiar with the devastating effects that collapse of the over-leveraged housing market had on the lives of individuals around the country.
However, despite all of the negativity in. Read More. Don t Miss Any Updates! News Directly in Your Inbox Subscribe to:
COVID-19 Reinforces Need for Federal Consumer Data Privacy Laws
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COVID-19 may have kept some companies from preparing for the changes that the California Consumers Privacy Act (CCPA) brought in 2020, but it is coming sooner and harder than most companies expect. Where consumer data privacy is headed and the possibility of a federal equivalent, among other topics, are addressed by Global IT Solutions provider Technologent’s Chief Information Security Officer Jon Mendoza.
Currently, 47 states of the Union have weak or nonexistent data privacy laws.
The CCPA allows consumers access to the information a company has on them, as well as the list of other groups that the company has shared or sold the same information. If a company violates these rules, a consumer has the right to sue.
This has been a record year for cybercrime, thanks to COVID-19, ransomware, and nation-state attacks.
As the world s attention was focused elsewhere, cyber criminals went on a major offensive, keeping enterprise security teams around the world on their toes.
According to a recent McAfee report, cybercrime will cost the global economy more than $1 trillion this year: $945 billion in monetary losses and $145 billion in cybersecurity spending. Insurance giant Allianz estimates that 2020 is on track to hit record highs for the number of cybercrime-related insurance claims.
Cybercrime is now at or near the top of every risk poll conducted: up from 15th place seven years ago.
2020: The Year the COVID-19 Crisis Brought a Cyber Pandemic
2020 will be remembered as a uniquely disruptive year but not just for a global health crisis. Online life was digitally transformed, as exponential change accelerated at home and work via cyberspace.
Ask almost anyone what the top global story was for 2020, and they will likely start with the COVID-19 pandemic. But there is much more to this story.
2020 will also be remembered as the year that security events exploded and cyberincidents transformed society in numerous ways. Consider this small sample of headline stories:
The magnitude (breadth, depth and height) of this overall online set of Internet trends has revealed many positive benefits. For example, numerous people are enjoying the quality of life benefits received in the move to working from home.