Trick or Breach: Frightening Spike in Data Security Incidents

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Who’s lurking around your valuable data? According to new figures from the Information Commissioner’s Office (ICO) in the U.K., your organization’s risk for a breach has increased by a startling percent.

Here’s the spooktacular data they found:

  • In the past five years, data security breaches have increased more than 1000 percent in the U.K.
  • The industry hit hardest is local government, with breaches increasing by 1609 percent; followed by public sector (1308%); and private sector (1159%)
  • The ICO has issued nearly £2 million of fines from July 2011 to 2012 – more than three times the amount of penalties from the previous year

These numbers were reinforced in the United States in Verizon’s 2012 Data Breach Investigations Report that reported 855 incidents and 174 million compromised records.

Verizon’s annual report includes more incidents, derived from more contributors, and represents a broader and more diverse scope. The number of compromised records across these incidents skyrocketed back up to 174 million after reaching an all-time low in last year’s report .In fact, the 2012 report boasts the second-highest data loss total since Verizon started keeping track in 2004.

Nick Banks, head of EMEA and APAC operations for Imation Mobile Security told Help Net Security, “Organizations must take responsibility for preventing breaches, and with so much available technology there really is no excuse for failing to adequately protect data.”

Nick’s right. Safeguarding corporate data has to be at the top of organizations’ priority lists. With tools like Accellion, comprehensive enterprise security is attainable, affordable, and easier than ever – providing a safe way for users to share information, while ensuring files don’t end up in the wrong hands.

It’s time to turn this trend in the opposite direction. Who’s in?

We do our part to help Accellion’s customers and their business users protect data while sharing files with external and internal users.

As for the haunts of Halloween… there is nothing that can help the chills and thrills.

 

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