A new record for data breaches - Ouch!
We knew fairly early in the year that 2018 was on track to beat 2017 and set a new record for the number of data breaches in the year.
After all, 2017 had shattered 2016's record the year before. Now that the final numbers are in though, we can see just how big an increase we've seen in the number of data breaches from one year to the next.
The numbers aren't pretty. With 12,449 reported data breaches in 2018, we've seen a staggering 424 percent increase year over year. 2019 is already shaping up to be another record-breaking year. All that to say, our problems with hackers and data security are getting worse, and there's no end in sight.
Again the USA leads the way
As with last year, the United States leads the pack in terms of the total number of records exposed by data breaches. Although in terms of raw numbers, the US's total was fairly modest. It's simply that all of the year's biggest breaches occurred here.
At least part of what's driving the phenomenon of the steadily increasing number of breaches is the fact that there are a staggering number of user login credentials for sale and re-sale on the Dark Web. These are purchased for modest sums and used by hacking groups all over the world to try their hand at breaking into various networks.
Unfortunately, given the sorry state of password security, it's often months before a hacked account sees its password changed. That gives nefarious elements plenty of time and loads of opportunities to inflict whatever damage they will, and they're only too happy to comply.
Our perspective
With the grim statistics above firmly in mind, it's time to make data security at your firm your top priority. Based on the numbers, it's not a question of whether you'll be hacked. It's only a matter of when.
The author
Thanks for reading this short post. For more tips on thriving with small business technology, check out the other blog posts at DWPia Blogs. I am also available at dwpia on LinkedIn, at dwpia on Facebook, and @dwpia on Twitter.
Denis S Wilson
I am President and Principal Consultant for DWP Information Architects: specializing in managed IT support for smaller healthcare practices, clinics, insurance companies, and nonprofit companies in Ventura County and San Fernando Valley. And have created cost-effective IT solutions, for over 20 years, specializing in cybersecurity and regulatory compliance.
I am also a published author and speaker, working extensively with organizations that include: the State of California, the Federal Bureau of Investigation (FBI), the Small Business Administration (SBA), SCORE, Women's Business Centers, and Small Business Development Centers. As well as providing small business technology education programs through business and professional associations.
Contact me if you would like me to speak at your meeting.
Meanwhile, check out this report
Executive Report: 10 Hidden IT Risks That Might Threaten Your Business
