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Data breaches

Data Breach rises over 200 Million in past 3 months

A data breach is a confirmed incident in which sensitive, confidential or otherwise protected data has been accessed and/or disclosed in an unauthorized fashion. Data breaches may involve personal health information (PHI), personally identifiable information (PII), trade secrets or intellectual property.

A Data breach occurs when a cybercriminal successfully infiltrates a data source and extracts sensitive information. This can be done physically by accessing a computer or network to steal local files or by bypassing network security remotely. The latter is often the method used to target companies.

Data breaches have witnessed a major surge this year with cyber criminals stealing around 200 million data in the first quarter, a whopping 233 per cent rise over the year-ago period, a report by SafeNet said today.According to data protection solutions firm SafeNet’s Breach Level Index (BLI), records stolen during the quarter equals about 93,000 records stolen every hour.

“Of the 254 data breaches that occurred during the quarter, only 1 per cent were secure breaches or breaches where strong encryption, key management or authentication solutions protected the data from being used,” the BLI report said.

Due to varying strictness of data breach reporting requirements globally, this quarterly data does not include organizations that did not disclose the amount of data records that were exposed. In all probability, the total number is likely to be even higher, it added.