Technology
541 Data Breaches to Date in 2015 Expose More Than 140 Million Records
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Late last month, PricewaterhouseCoopers released a report on cybersecurity that included data on the information security budgets, which can be summed up as “small and getting smaller.” The report noted, for example, that for businesses with less than $100 million in revenues, security spending in 2014 fell by 20% compared with 2013 spending. Overall, the average spending on information security has hovered around 3.8% of the total IT budget in both 2013 and 2014.
The PwC survey also noted this disturbing result:
Compromises by insiders — current and former employees, as well as third parties with trusted network access — continue to rise, but many organisations have not implemented processes and technologies to address internal incidents. No matter how secure an organisation’s network and data, it will be open to compromise if third parties do not employ equivalent security and privacy safeguards. Another worrisome finding is a diminished commitment to employee training and awareness programmes.
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Here is a rundown of the ITRC report for last week:
In all of 2014, ITRC tracked an annual record number of 783 data breaches, up 27.5% compared with 2013. The previous high was 662 breaches in 2010. Since beginning to track data breaches in 2005, ITRC had counted 5,562 breaches through September 1, 2015, involving more than 818 million records. Compared with 2014, the number of data breaches is down one from 542 recorded to date last year.
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