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Eastern Hemisphere Reports - Highest Number of Data breaches
Data Breaches in the Eastern Hemisphere
• Around 229 known data breach incidents covering about 227 million personal records are reported between 2004 and 2014 in the 28 countries of the European Union (EU).
• The report was publicized by the Central European University's Center for Media, Data and Society (CMDS).
• In 2011, around 50 incidents of data breaches were reported.
• Around 245 records per 100 users are compromised in the United Kingdom, while Germany stands 79.
• Eighty-nine percent of data breaches occur in commercial firms and 10 percent in governments.
• In 2014, the National Informatics Center (NIC) of India was involved in a major security breach allowing hackers to issue several fake SSL certificates.
• In 2013, Chinese police apprehended a 10-member hacking group in Shanghai and Beijing for selling more than one million pieces of personal data. The group had made RMB 320,000 from their illegal activity.
• In yet another data breach incident, three men were arrested for selling personal information of users. It was reported they had made an illegal profit of RMB 100,000.
• YTO Express, a leading courier company in Shanghai, suspected its staff for selling million of personal details about its customers to online traders, who sold it to online retailers.
• In one of the largest data breaches in Australian history, personal information of around 10,000 people in detention was exposed.
• High-profile breaches in Telstra, Australia's largest telecommunications, First Super, an superannuation fund, ANZ Bank and Sony PlayStation Network impacted people largely.
The Cost Per Data Breach
• The United States, the country most affected by data breaches, incurs the highest total cost per information breach around 292.2 million.
• Germany follows second with 259.7 million, while India's is 60.4 million.
The Main Agents Behind Data Breaches
• Human and system errors are the main reasons behind data breaches accounting for 64 percent of breaches.
• In India, 74 percent of the breaches occur due to employees who think transferring company information outside the firm is acceptable.
• Most Indian organizations are hit by a glitch in business or system, while Brazilian firms experience most data breaches because of human errors.
Security Legislation
• Countries such as Australia, United Kingdom, Germany, and United States have well established data protection laws to bolster cyber security and data privacy.
• The European Union's (EU) new E-Privacy Directive mandates that data breaches must be reported to national authorities. This could expose more security violations that have been going on in secrecy.
• The EU is also straightening and unifying data security under the EU General Data Protection Regulation (GDPR).
• According to the Central Union University (CEU), countries with no disclosure rules will never know what information has been collected and sold.
• It also becomes difficult for the media to cover privacy issues in nations where data breaches do not have to be publicized.
For More Information about Data Breaches. Click Blog.instantssl.com/2014/10/data-breaches-internet-crimes-role-encryption-security