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The amount of the stolen information quadrupled in a year

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The amount of the stolen information quadrupled in a year
April 25
09:00 2018

The Internet is certainly an excellent resource, which is an integral part of our daily life. Since 2002, the number of network users has increased four-fold, to 2.3 billion people. Today, the World Wide Web stores a huge amount of personal data, from personal records and photographs to top-secret documents.

Recently, cloud technologies have emerged and developed, which are currently used not only by IT companies, but also by a wide variety of organizations (from banks to design bureaus and real estate agencies). The more actively a remote way of data storage develops, the more chances that access to this information will be obtained by intruders.

According to the authoritative company InfoWatch, which specializes in information security, the world’s leakage of confidential data in 2017 grew 4.2 times compared to 2016 – from 3.1 to 13.3 billion records. During the year, there were 2.13 thousand data leakage cases, which is 37% more than those cases a year ago.

Experts even managed to collect statistics on leakage reasons. The most common cause is the errors of ordinary company employees, accounting for up to 53% of the total number of losses. Due to the fault of top managers, department heads and system administrators, leaks occurred far less frequently – only 3% of cases. In 41.7% of cases, the cause of the leakage was an external offender. These figures became known to the public thanks to the report of the company InfoWatch.

It is specified that the increase in the scale of losses became an unpleasant consequence of the transition of companies and departments to the format of centralized storage of general data. The volumes of information are growing, but not all enterprises are ready to invest in information security (for example, in DLP-systems).

The team of Money-Investing has prepared the statistics on leakage for you:

– personal and financial information, insurance numbers, bank card details constitute 86% of the stolen data;

– all in all,  in 2017 there were 2131 cases of data leakage. In 99%, up to 10 million personal records were stolen instantly. Usually, such “robberies” occur in insurance companies, banks and the IT sector.

In early April, representatives of the largest social network in the world Facebook reported the erroneous transfer of personal data of a huge number of accounts. According to a rough estimate, it is about 87 million users who fell into the hands of a private English agency Cambridge Analytica. This company uses technologies of in-depth data analysis to develop strategic communication during the conduct of election campaigns in the Internet. According to experts, the cost of leakage is estimated at 6 billion US dollars.

 

The material was prepared with the participation of Katya Gordon,
a leading analyst of the brokerage company CT Trade

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