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Volume 27, Issue 4

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July 18, 2014

Data Breach Damage from NY’s POV: Over 1 Billion in 2013 Alone

A new report from New York State’s Attorney General details the damage to the state’s citizens and organizations from reported data breaches over the last eight years. “Information Exposed: Historical Examination of Data Breaches in New York State” attempts to illustrate the exponential growth in breaches, reports of breaches and some of the related costs, and then gives recommendations on how individuals and companies can better protect themselves.

In brief:

  • Almost 5,000 separate data breaches were reported to the AG’s office between 2006 and 2013.
  • These breaches exposed 22.8 million personal records of New Yorkers.
  • The number of breaches reported annually more than tripled during the time period.
  • 2013 was a record-setting year, with 7.3 million records of New Yorkers exposed.
  • Five of the 10 largest breaches reported to the AG have occurred since 2011. These are considered “mega breaches.”

...

http://www.itbusinessedge.com/blogs/governance-and-risk/data-breach-damage-from-nys-pov-over-1-billion-in-2013-alone.html