Recent years have witnessed a surge in the number of data breaches, causing a massive financial hit to businesses worldwide. However, the digital transformation fuelled by the COVID-19 has only increased the number of malicious cyber attacks, bringing a new threat to companies handling sensitive data.
According to data presented by AksjeBloggen.com, the healthcare, finance and information industry, as the three sectors most targeted by cyber attacks, accounted for one-fifth of all reported data breaches last year.
In recent years, the global average cost of a data breach has fluctuated between $3.5 million and $4 million. In 2020, it hit $3.86 million, a 1.5% drop year-on-year, revealed the Ponemon Institute’s Cost of a Data Breach Report. The report also showed it usually took 280 days for an organization to spot and contain a breach, a day more than a year ago. However, these figures vary significantly based on industry.
Last year, companies and organizations worldwide reported 5,258 data breach cases, revealed the Verizon’s 2021 Data Breach Investigations Report.
Over 470 data breaches happened in the healthcare industry. Finance and the information industry followed with 467 and 381 cases, respectively. Statistics show that education services and manufacturing also ranked high on this list, with 344 and 270 reported data breaches last year.
The construction industry, administrative services, and agriculture sector were on the other side of the list, with 30, 19, and 16 cases, respectively.
The two largest data breaches in 2021 exposed a total of 753 million records, according to DataBreaches.net statistics. In April, the personal data of over 500 million Facebook users were posted in a low-level hacking forum.
The exposed data included phone numbers, Facebook IDs, full names, locations, birthdates, bios, and, in some cases, email addresses of users from 106 countries, including over 32 million records on users in the United States, 11 million on users in the United Kingdom and 6 million on users in India.