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In 2018, massive data breaches in large corporations, institutions, and government entities impacted hundreds of millions of consumer records, resulting in losses of more than tens of millions of dollars. According to a report published by the Identity Theft Resource Center (ITRC), 2018 saw a total of 1,293 data breaches with more than 174 million records affected, and most disconcerting of all, the trend is expected to continue this year.

Some of the industries impacted in 2018 include:

Banking/Credit/Financial

– Less than 10 major breaches reported, but nearly 1.5 million records were compromised. Entities impacted included HSBC Bank, SunTrust Banks, and TCM Bank, among others.

Government/Military

– Just over 10 breaches reported, but with millions of records compromised. Impacts included records with (among others) the Department of Defense, the U.S. Air Force,  the U.S. Centers for Medicare and Medicaid Services (CMS) and the U.S Postal Service.

Education

– Though less than 10 major breaches were reported, around 48,200 records were compromised, including records at Augusta University; various schools in Illinois; Eastern Maine Community College and the University at Buffalo.

Medical/Healthcare

– More than 25 major breaches were reported, with nearly six million records compromised. The second largest category of total breaches had impacts to, among others: Aetna, Atrium Health, Lab Corp Diagnostics, Life Bridge Health, Med Associates and Unity Point Health.

Business

– Nearly 50 major data breaches were reported in 2018, with millions of records compromised. The business category represents the largest percentage of data breaches and compromised records, with reported impacts to, among others: Adidas, Air Canada, Amazon, British Airways, Dunkin’ Donuts, Facebook, FedEx, Fortnite, Google+, Instagram, Jason’s Deli, LifeLock, Macy’s, Nordstrom, Orbitz, Marriott, Panera Bread, Polar Fitness Trackers, Reddit, Saks Fifth Avenue, Lord & Taylor, Ticketmaster, T-Mobile, Toyota and Under Armour. The Marriott breach alone exposed the personal information of up to 500 million people.

For more information on data breaches in 2018, visit the Identity Theft Resource Center.

 

One of the ways to keep on top of reducing the risk of a data breach is to conduct a thorough cybersecurity audit. An annual audit, is a cost-effective way to protect your data, your reputation, and your customers. Contact Net56 for more information.