Q1 breach data revealed

2014-05-01

Helen Martin

Virus Bulletin, UK

Editor: Helen Martin

Abstract

Number of data records stolen in Q1 2014 sees a 233% increase over the same period last year.

According to a report by SafeNet, Inc., more than 200 million data records were stolen in the first quarter of 2014 – representing an increase of 233 per cent over the same period last year. The firm noted that of the 254 breaches recorded, only in one per cent of cases were strong encryption, key management or authentication solutions in place to protect the data.

It will come as little surprise that the firm’s Breach Level Index shows the financial industry to have been hit the hardest, accounting for 56 per cent of all data records lost or stolen. Meanwhile, 20 per cent of all lost or stolen records came from the technology industry, nine per cent from the health care sector, and just one per cent from the retail industry.

The statistics break down into approximately three breaches each day, with more than 93,000 records stolen per hour.

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