ITRC: 2017 Data Breaches on Record Pace

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The Identity Theft Resource Center (ITRC) is this blog’s go-to source for current breach statistics. As of April 18, ITRC breach count has reached 456 incidents. That puts us ahead of last year’s sizzling pace of 356 for the same period.

If you do the math, then at this rate the number of breaches will reach 1500 by the end of 2017. And that’s way ahead of 2016’s record setting count of 1093 breaches.

What’s going on?

Some of the increase is because ITRC has been widening its data collection net by contacting more state attorney generals and sending out more FOIA requests.

(Source ITRC)

But there’s just been a lot more hacking activity.

For example, the IRS noted back in February there’s been a 400% surge in spear phishing against CEOs.

In other words, it’s more of the same — actually, a lot more of the same — basic techniques that commenters, like one blog associated with a leading data security company, have been pointing out for years.

For those skeptics who don’t believe it’s possible to inflict a serious data breach using techniques and approaches that a smart 15-year old could master, I offers three such incidents, all based on breach letters and other sources that ITRC obtained:

Guessing simple passwords

Pretexting

Phishing

We’ve been pointing out how basic block-and-tackle techniques such as enforcing stronger password policies and two-factor authentication, implementing least-privileged access, and conducting basic security training (especially on phishing) can go a long way towards preventing breaches and reducing risks of data exfiltration.

After reading through the ITRC cases, it’s clear that we Americans need to really up our game to … make American data security great again.

MADSGA!

The post ITRC: 2017 Data Breaches on Record Pace appeared first on Varonis Blog.

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Varonis is a pioneer in data security and analytics, fighting a different battle than conventional cybersecurity companies. Varonis focuses on protecting enterprise data on premises and in the cloud: sensitive files and emails; confidential customer, patient and employee data; financial records; strategic and product plans; and other intellectual property. The Varonis Data Security Platform detects insider threats and cyberattacks by analyzing data, account activity and user behavior; prevents and limits disaster by locking down sensitive and stale data; and efficiently sustains a secure state with automation. With a focus on data security, Varonis serves a variety of use cases including governance, compliance, classification, and threat analytics. Varonis started operations in 2005 and, as of December 31, 2017, had approximately 6,250 customers worldwide — comprised of industry leaders in many sectors including technology, consumer, retail, financial services, healthcare, manufacturing, energy, media, and education.
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