INDUSTRIES

If you’re looking for signs that data breaches are easing off and security executives can breathe a sigh of relief, hold your breath. The first half of 2017 had its share of major breaches, and the numbers are not encouraging.

The numbers on breaches and records stolen are sobering, and again make the case that organisations are failing to deploy adequate cyber security tools and processes that are needed to prevent these types of attacks from occurring.

Digitally transformative technologies are shaping the way organisations do business and moving them to a data-driven world, with 94% of organisations using sensitive data in cloud, big data, IoT, container, blockchain and/or mobile environments, according to the 2018 Thales Data Threat Report.

Digital transformation is driving efficiency and scale as well as making possible new business models that drive growth and profitability. Enterprises are embracing this opportunity by leveraging all that digital

This rush to embrace new environments has created opportunities for more cyber attacks and new risks for data that need to be offset by data security controls. The extent and impact of increased threats is most clearly shown in levels of data breaches and vulnerability.

In 2018, 67% of respondents were breached, with 36% breached in the last year – a marked increase from 2017, which saw 26% breached in the last year. Consequently, 44% of respondents feel “very” or “extremely” vulnerable to data threats.

As more systems, devices and other objects become connected with the growth of the Internet of

Things (IoT), the threats of data breaches will likely increase. These threats are not only coming from outside the organization. As we’ve seen in this most recent period, many of the breaches are the result of accidental loss or inside threats. A large portion of accidental loss are the result of poor internal security practices or unsecure databases.

Data Records Lost/Stolen by Industry

Industry breaches breakdown
Industry breaches in 2017 by volume of records

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