Economy

Education Data Breaches Double in First Half of 2017

Education Data Breaches Double in First Half of 2017”

Gemalto today (20 September) released the latest findings from the Breach Level Index, and it's clear that poor internal security practices and identity theft have taken their toll, with a whopping 164pc increase in stolen, compromised or lost records reported in the first half of the year.

More than 9bn records have been exposed since 2013, when the Index began benchmarking publicly disclosed breaches.

"We can expect that number (of compromised records) to grow significantly, especially as government regulations in the U.S., Europe and elsewhere enact laws to protect the privacy and data of their constituents by associating a monetary value to improperly securing data", said Hart.

"Two-thirds of firms breached had their share price negatively impacted".

What was the most common type of data breach?

Enabling two-factor authentication, where possible, helps prevent attacks from happening in the first place; identity theft accounted for three quarters of all data breaches recorded in 2017.

The education sector saw 118 successful attacks, accounting for 13 percent of all breaches but only 2 percent of all compromised records - about 32 million. "Despite this, there has been an overall decrease in reported data breaches in the United Kingdom in the last six months, signalling the ongoing efforts of businesses to improve their cybersecurity", commented Joe Pindar, director of product strategy, CTO at Gemalto.

2017 has seen significant cybersecurity breaches.

Gemalto predicts those numbers will only increase.

Across the board, most of the industries tracked by the Breach Level Index reported a more than 100pc increase in the number of stolen, lost or compromised records. "This is the result of a malicious insider attack compromising millions of records from one of China's largest comprehensive private educational companies", according to information released by Gemalto.

Government was the single biggest source of security incidents with 12 in H1 2017, ahead of technology firms (seven) and healthcare (six). The number of breaches in North America increased by 23 per cent with the number of records compromised increasing threefold (up 201 per cent).

In the first of half of this year European companies reported 49 data breaches, reflecting just five per cent of the global total and a decline of 35 per cent on the previous six months, Gemalto said. New regulations such as the United Kingdom data protection bill, the European Union's General Data Protection Regulation and Australia's Privacy Amendment (Notifiable Data Breaches) Act are set to come into force in the coming months and years, and will push firms to disclose hacks and security breaches.



Like this

Latest


21 September 2017
Owls hold secret to ageless ears
A small team of researchers from the University of Oldenburg revealed that barn owls do not loss their hearing at older age. In contrast, a human will have lost more than 30 decibels of sensitivity to high-sound frequencies by the age of 65.

21 September 2017
Killed As Landslides Hit Sikkim
All SDMs and RS have been sent to field to access the damages so that ex-gratia can be disbursed as soon as possible. The concerned public has been requested to contact the above numbers for prompt response, action and information.

21 September 2017
Andrew Luck will not practice this week
Last week, Indianapolis hosted the Arizona Cardinals in their 2017 regular season home debut and lost in overtime, 16-13. The team is 0-2 on the season and boasts one of the least-talented rosters in the NFL.

20 September 2017
Which Analysts Are Watching Core Laboratories NV (NYSE:CLB)?
BidaskClub lowered shares of Core Laboratories N.V. from a hold rating to a sell rating in a report on Saturday, June 24th. ValuEngine raised Core Laboratories N.V. from a sell rating to a hold rating in a research note on Friday, August 4th.

20 September 2017
Equifax chief information officer, chief security officer announce retirement after data breach
Last week, Equifax announced late Friday that its chief information officer and chief security officer would leave the company immediately.

20 September 2017
Woman found dead in gym bathroom 2 days after entering
Employees then called for help and administered CPR until police and paramedics arrived. Patricia Austin, 78, of Chicago, was found in a bathroom stall just before 8 p.m.

20 September 2017
Walgreens Boots Alliance Gets Regulatory OK For Amended Rite Aid Deal
This buyback authorization authorizes the pharmacy operator to reacquire up to 5.9% of its shares through open market purchases. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link .

20 September 2017
Marcell Dareus, Cordy Glenn, Shaq Lawson miss practice for Buffalo Bills
Worthy has been in the league's concussion protocol since the preseason finale against the Lions. Meanwhile, Cordy Glenn suffered a foot injury that also limited him to 17 snaps.

20 September 2017
Carmelo Anthony has mentally moved on from Knicks
The Rockets traded more than a half-dozen players to the Los Angeles Clippers for Chris Paul earlier in the offseason. The issue here has always been compensation the Knicks would receive from Houston in a potential Anthony deal.

20 September 2017
Former Liverpool striker tears into Oxlade-Chamberlain display
The England global joined the Anfield club on transfer deadline day for a reported initial fee of £35million. His latest appearance - his first start - came in the Carabao Cup at Leicester on Tuesday night.



Recommended