The attorney general of New York recently released a data breach report revealing that over 900 breaches resulted in the exposure of 7.3 million new yorkers sensitive information during 2013. The breaches at Target and LivingSocial make up the largest chunk of that breached data but with 900 breaches during the whole year, businesses of all sizes were/are at risk. Using data from a recent Ponemon report, these data breaches cause significant financial harm.
“The report, which showed the effects of data security intrusions on New Yorkers over the past eight years, said computer hackers were by far the leading cause of the breaches, accounting for nearly 40 percent of unauthorized data access during that time.
In 2013 alone, the breaches cost the public and private sectors more than $1.37 billion, the report said. Losses were calculated by assuming that a data breach costs an affiliated company approximately $188 for each person whose data was compromised, a figure published in a 2013 report by the security company Symantec and the Ponemon Institute, which researches information security.”
You can read the whole article here: Data Breaches in New York Hit Record High in 2013, State Attorney General Says