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.



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