Blog

2018 in Numbers: Data Breaches Cost $654 Billion, Expose 2.8 Billion Data Records in the U.S.

Admin Globaldots
07.06.2019
image 1 Min read

Cybercriminals exposed 2.8 billion consumer data records in 2018, costing over $654 billion to U.S. organizations, according to ForgeRock.

Cyberattacks to U.S. financial services organizations cost the industry over $6.2 billion in Q1 2019 alone, up from just $8 million in Q1 2018.

Even though investments in information security products and services have been on the rise, with $114 billion invested in 2018, cybercriminals continue to attack organizations across a wide spectrum of industries to gain access to valuable consumer data.

According to the research, personally identifiable information (PII) was the most targeted data for breaches in 2018, comprising 97% of all breaches. By targeting PII, cybercriminals prove that they’re hungry for consumer data and the research also found the most frequent attack method was from unauthorized access, encompassing 34% of all attacks. Healthcare, financial services and government were the sectors most largely impacted by cyberattacks.

Read more: Help Net Security

Comments

0 comments

There’s more to see

How Separating Data & Network Security Protects Your Supply Chain
Supply-Chain Data Protection
Dr. Eduardo Rocha, Senior Solutions Engineer & Security Analyst @ GlobalDots 09.05.22

Software supply chain security is an enormous concern for businesses today. According to a 2021 Argon cybersecurity report, software supply chain attacks increased threefold in 2021 compared to the previous year.  The constant race of companies to do things faster while delivering a better, richer user experience adds a multitude of vulnerabilities to the supply […]

Read more
SASE vs. SD-WAN: A Quick Guide
SD-WAN and SASE
Miguel Fersen, Senior Cloud Consultant @ GlobalDots

New technologies have a wicked tendency to pile up. With cloud solution categories now emerging on a weekly basis, the result of bringing them into your estate is usually more complexity and confusion. But sometimes, a single new technology allows us to rid a bunch of old ones in a snap. SASE pretends to be […]

Read more
Old Dogs, New Tricks: Innovating with CDNs
Content Delivery Network (CDN)
Dror Arie, Senior Solutions Architect @ GlobalDots 20.04.22

Today’s digital businesses with global customers cannot afford slow page loads and applications caused by physical distance and latency issues. Page load speeds can have a significant effect on customer acquisition and retention. Walmart discovered that a 1% increase in page load time results in a 2% increase in conversion rates. So businesses are using […]

Read more
Unlock Your Cloud Potential
Schedule a call with our experts. Discover new technology and get recommendations to improve your performance.
Contact us