Year-over-year results indicate a fast start to data breaches in 2022 after a record-setting 2021, as more than 90% of data breaches are cyberattack-related, the Identity Theft Resource Center found.
For the third consecutive year, data breaches increased when compared to Q1 of the previous year. Despite the data breach increase, the number of victims (20.7 million) decreased 50% compared to Q1 2021 and dropped 41% compared to Q4 2021.
“Traditionally, Q1 is the lowest number of data compromises reported each year,” said Eva Velasquez, President and CEO of the Identity Theft Resource Center. “The fact the number of breach events in Q1 represents a double-digit increase over the same time last year is another indicator that data compromises will continue to rise in 2022 after setting a new all-time high in 2021. As we mentioned in our 2021 Annual Data Breach Report, we saw an alarming number of data breaches last year due to highly complex and sophisticated cyberattacks that are fueling the dramatic rise in identity fraud. It is vital everyone continues to practice good cyber-hygiene, businesses and consumers, to help reduce the amount of personal information flowing into the hands of cyberthieves.”
Other findings include: