Access and Feeds

Security: Worst Year Ever for Data Losses Caused by Poor Security

By Dick Weisinger

2017 has turned out to be a year of wake up for companies about the effectiveness of their data security policies. Data breaches skyrocketed in 2017 by 305 percent over the same period in 2016, according to the Q3 2017 Data Breach QuickView Report.

The Equifax breach wins the notoriety of the worst breach of the year, but there were many others, including ESports Entertainment Association, XBox, Intercontinental Hotels Group, Verifone, Chipotle, DocuSign, OneLogin, Blue Cross Blue Shield, Verizon, the SEC, Deloitte, Sonic, Whole Foods, Hyatt, and Kmart.

Inga Goddijn, Executive Vice President for Risk Based Security, said that “Equifax made numerous headlines for lots of fine causes. It is horrible when it comes to the quantity of knowledge misplaced — 145 million information is a mega breach by any measure … however actually the breach response, in various textbook methods, is how to not deal with a breach response; make a nasty state of affairs worse.”

Goddijin said that “the underlying driving cause is that data has value, and it has a monetary value, and so often we have a tendency to lose sight of that. At the leadership level, that recognition hasn’t taken hold as far as we would like to see it.”

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