techradar – The true cost of a data breach

techradarFalling victim to a data breach hurts your business’ bottom line as well as its reputation

From the implementation of the General Data Protection Regulation (GDPR) back in May, which fundamentally changed the rulebook for storing data of EU citizens at least to the Butlin’s hack, 2018 has been a very significant year for cybersecurity.

One of the biggest changes centred around transparency, specifically businesses being forced to reveal within 72 hours if they have suffered a breach. While the US has had this type of policy for a while, businesses in the EU were not required to publicly state when a breach occurred, leaving them free to keep significant news like this from their customers. But now that things have changed, and it’s starting to heat up in the EU.

To read the full article click here.

ComputerWelt – 4,5 Milliarden Datensätze im ersten Halbjahr 2018 kompromittiert

computerweltDer Gemalto Breach Level Index ist eine globale Datenbank für gemeldete Datensicherheitsverletzungen. Laut der aktuellen Ausgabe stieg die Zahl der verlorenen, gestohlenen oder kompromittierten Datensätze im ersten Halbjahr 2018 um 133 Prozent im Vergleich zum Vorjahreszeitraum.

„Ganz offensichtlich standen in diesem Jahr die sozialen Netzwerke an erster Stelle beim Missbrauch personenbezogener Daten – eine Entwicklung, die sich voraussichtlich in immer mehr Branchen fortsetzen wird, die diese Plattformen nutzen, um ihre Zielgruppen zu erreichen. Dies gilt insbesondere für Politiker, die sich auf wichtige Wahlen vorbereiten“, erklärt Jason Hart, Vice President und Chief Technology Officer for Data Protection bei Gemalto. „Wir gehen außerdem davon aus, dass immer mehr Datensicherheitsverletzungen von den Ländern der Europäischen Union gemeldet werden, die an die neue Datenschutzgrundverordnung gebunden sind. Gleiches gilt für Australien seit der Einführung des Gesetzes über die Meldepflicht von Sicherheitsverletzungen. Wir sollten dies nicht als einen Anstieg der Gesamtzahl der Vorfälle in diesen Bereichen missdeuten, sondern es eher als genaue Abbildung dessen sehen, was tatsächlich geschieht.“

To read the full article click here.

Security Asia – Data breaches compromised 4.5 billion records in 1H 2018

security_asiaThe Breach Level Index, a global database of public data breaches, reveals that 945 data breaches led to 4.5 billion data records being compromised worldwide in the first half of 2018.

“Obviously, this year social media has been the top industry and threat vector for the compromise of personal data, a trend we can expect to continue with more and more sectors leveraging these platforms to reach key audiences, especially political teams gearing up for major elections,” said Jason Hart, vice president and chief technology officer for data protection at Gemalto. “We also expect to see more data breaches reported by European Union countries bound by the new General Data Protection Regulation and in Australia with the new Notifiable Data Breaches law. We should be careful not to misconstrue this as an increase in overall incidents in these areas but rather as a more accurate reflection of what is actually going on.”

To read the full article click here.

Finanical Times (UK) – Data breaches persuade companies to raise cyber security budgets

ftCompanies spend more on securing cloud computing and cyber analytics

High-profile data breaches will lead two-thirds of companies to raise their budgets for cyber security by at least 5 per cent over the next year. Companies are increasingly allocating money to securing cloud computing and towards analytics software that can monitor their networks and detect unusual activity, the EY consultancy found in a survey of 1,400 executives and IT professionals.

To read the article click here (subscription may be required).

ITWeb – Social media becomes biggest data breach threat

itwebSocial media incidents accounted for over 56% of the 4.5 billion  records compromised worldwide in the first half of 2018.

This is according to Gemalto’s latest Breach Level Index, a global  of public data breaches.

“Obviously, this year social media has been the top industry and threat vector for the compromise of personal data, a trend we can expect to continue, with more and more sectors leveraging these platforms to reach key audiences, especially political teams gearing up for major elections,” says Jason Hart, VP and CTO for data protection at Gemalto.

To read the full article click here.

FindBiometrics – Social Media Has Become Key Threat Vector in Data Breaches: BLI

findbiometrics-logoThe disturbing trends continue in Gemalto‘s latest update from its Breach Level Index, a database aimed at recording global data breaches.

n a report summary, Gemalto CTO and VP Jason Hart explained that this year, social media has been “the top industry and threat vector for the compromise of personal data,” with six social media data breaches accounting for 56 percent of all the compromised records. That includes the infamous Cambridge Analytica incident. And Hart warns that this is “a trend we can expect to continue with more and more sectors leveraging these platforms to reach key audiences, especially political teams gearing up for major elections.”

To read the full article click here.

Information Age – Data breaches compromised 4.5 billion records in the first half of 2018

informationagenewAccording to the latest figures from the Gemalto Breach Level Index, 4.5 billion records were compromised in just the first six months of this year.

“Obviously, this year social media has been the top industry and threat vector for the compromise of personal data, a trend we can expect to continue with more and more sectors leveraging these platforms to reach key audiences, especially political teams gearing up for major elections,” said Jason Hart, vice president and chief technology officer for data protection at Gemalto. “We also expect to see more data breaches reported by European Union countries bound by the new General Data Protection Regulation and in Australia with the new Notifiable Data Breaches law. We should be careful not to misconstrue this as an increase in overall incidents in these areas but rather as a more accurate reflection of what is actually going on.”

To read the full article click here.

Business Today – Data theft increased by 783% in India in 2017, says study

business-todaySome 3.24 million records were stolen, lost or exposed in India in 2017, according to Breach Level Index study by digital security firm Gemalto. This number has increased by a whopping 783% over the previous year. The study tracks and analyses data breaches, the type of data compromised and how it was accessed, lost or stolen in the last five years.

“The manipulation of data or data integrity attacks pose an arguably more unknown threat for organizations to combat than simple data theft, as it can allow hackers to alter anything from sales numbers to intellectual property. By nature, data integrity breaches are often difficult to identify and in many cases, where this type of attack has occurred, we have yet to see the real impact,” said Jason Hart, Vice President and Chief Technology Officer for Data Protection at Gemalto.
To read the full article click here.

CSO Online – Let’s get serious about security: 2.6 billion records stolen or compromised in 2017

csoonlineGemalto’s 2017 Breach Level Index found 2.6 billion records were compromised in 2017, as well a number of new data breach tactics. Breached or exposed data is not only a headache for security teams. It also impacts brand reputation, customer confidence and stock prices, but risk can be managed by mapping out where data resides.

Gemalto, my employer, recently published the latest research from its Breach Level Index (BLI), sharing that 2.6 billion records were stolen, lost or exposed worldwide during the year of 2017. A global database, the BLI follows and studies breaches, the types of data compromised and how it was accessed or lost.

To read the full article click here.

May 14th 2018 – Webinar: New Data Breach Findings: The Year of Internal Threats & Misplaced Data

2018 has started off as an eventful year with data breaches at Saks Fifth Avenue, Lord & Taylor and Under Armour’s MyFitnessPal app. And it will continue to be a catalyst year for data security with the 25th of May deadline for the European Unions’ General Data Protection Regulation, which regards “privacy as a fundamental human right and to protect it as such.” Data exposed or breached is not only a headache for security teams, but also impacts brand reputation, customer confidence and stock prices.

Gemalto’s 2017 Breach Level Index found 2.6 billion records where compromised in 2017, a 88% increase from 2016. In this webinar our expert, Jason Hart, will walk attendees through the most shocking 2017 stats, new data breach tactics and how companies can manage risk by mapping out where your data resides. Join us to learn more about:
-Internal threats and misconfigured cloud databases
-Growing security threats like data integrity attacks
-Innovative technology that is solving some of these issues
-What we have in store for 2018

To register for the live webcast, or to watch a replay after the broadcast date, click here.