Experian® has released its seventh annual Data Breach Industry Forecast, which predicts the top five threats businesses and consumers should be aware of in order to keep their information safe.
Research from iovation shows a 29-percent increase in suspected online retail fraud during the start of the 2019 holiday shopping season compared to the same period in 2018, and a 60-percent increase in suspected e-commerce fraud during the same period from 2017 to 2019.
Just in 2018, there were 500 million personal records stolen. How many records will be stolen by year’s end? According to the RiskBased Data Breach QuickView Report 2019 Q3, at the end of September, there were 5,183 breaches, exposing 7.9 billion records. Compared to the 2018 Q3 report, the total number of breaches was up 33.3 percent and the total number of records exposed more than doubled, up 112 percent.
Benjamin Franklin once said, “By failing to prepare, you are preparing to fail.” These sage words unfortunately describe the dilemma many companies are facing on a daily basis with increasing frequency. Whether because of a lack of resources to commit to cybersecurity or the C-suite’s reluctance to do things differently, companies are suffering from a rash of bad actors seeking to profit from cyberattacks and the loss of data because of negligent handling by insiders.
Both disaster recovery and business continuity are answers to what happens when entropy strikes, things fall apart, and business is interrupted. Resilience is strategy using a set of tools and approaches that make it harder for things to fall apart, and easier and faster to put them back together when they do.
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