Thursday 28 July 2016
facebook.com/Outlookindia twitter.com/outlookindia digimag.outlookindia.com instagram.com/outlookindia youtube.com/user/OutlookMagazine

375 Mn Customer Records Compromised Worldwide in 2014

Dubai
File- AP Photo/Marcio Jose Sanchez

More than 175 million customer records of personal and financial information were compromised between April and June due to 237 data breaches, bringing the total number of records stolen for the first half of this year to 375 million, a new report has said.

The report released by the SafeNet, Inc., a global leader in data protection solutions, said more than 375 million customer records were stolen or lost as a result of 559 breaches worldwide in the first half of this year.

"Even amidst continued warnings about data security, the breach epidemic is trending in the wrong direction. 2014 has proven to be more of the same, with 375 million customer records stolen in the first six months alone," said Sebastien Pavie, Regional Sales Director Middle East and Africa,SafeNet.

The retail industry had more data records compromised than any other industry during the second quarter, with more than 145 million records stolen or lost, or 83 per cent of all data records breached.

Less than one percent of all 237 breaches during the second quarter were secure breaches where strong encryption or authentication solutions protected the data from being used.

"While it's not surprising that sophisticated cybercriminals are gaining access to critical data stores, what is surprising is that only one per cent of breached records had been encrypted. The benefits of encryption have been known for some time, but companies just aren't doing it," he said.

A total of 175,655,228 records were stolen in the second quarter, which equates to 1,951,724 records stolen per day.

Identity theft was the leading cause of breaches with 58 per cent of all incidents and 88 per cent of records stolen.

The US accounted for 85 per cent of records compromised worldwide and 74 per cent of all reported incidents, more than any other country, the report said.

Germany followed with 10 per cent of all records stolen.

Government was the second least secure sector after retail, accounting for 11 per cent of all records that were lost or stolen, it reported.

READ MORE IN:
SECTION: International
OUTLOOK 04 August, 2014
© Copyright PTI. All rights reserved. Republication or redistribution of any PTI content, including by framing or similar means, is expressly prohibited without their prior written consent.
Download the Outlook ​Magazines App. Six magazines, wherever you go! Play Store and App Store

Post a Comment

You are not logged in, please Log in or Register
  • Daily Mail
THE LATEST ISSUE
CLICK IMAGE FOR CONTENTS
OUTLOOK ON TWITTER
Quiz
Kashmir has been the scene for massive protests following the killing of Hizbul commander Burhan Wani on July 8. “Non-lethal” pellet guns used against the protesters have blinded many and 45-odd people have died in the face-off against security forces. The scale of protests have led to frayed tempers in the mainland with many resorting to high-voltage jingoism. But how well do you know Kashmir? Find out, take this quiz.
QUIZ STARTED ON: Jul 25, 2016
Advertisement