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There were 1,862 data breaches, exposures and leaks impacting 294 million people in 2021, 23.6 percent higher than the previous record of 1,506 set in 2017. Eighty-three percent of the compromises involved sensitive personal data.
Many organizations realize that using technology to support both customer-facing and back-office tasks deliver the efficiency and accuracy that employees and customers have come to expect. These technological solutions often reduce overhead internally.
Federal banking regulators issued a final rule that impacts how banks and other regulated entities report certain data incidents. Those subject to these new reporting requirements include U.S. banks and bank service providers.