provided by KnowBe4, Stu Sjouwerman

Our friends at Malwarebytes wrote: "It's tough to remember all of the data breaches that happened in 2018. But when you look at the largest and most impactful ones that were reported throughout the year, it paints a grim picture about the state of data security today."

The consequences of major companies leaking sensitive data are many. For consumers, it represents a loss of privacy, potential identity theft, and countless hours repairing the damage to devices. And it's costly for companies, too, in the form of bad press and the resulting damage to their reputation, as well as time and money spent to remediate the breach and ensure customers' data is well secured in the future.

But despite the well-known costs of data breaches, the problem of leaky data isn't getting better. While there were a great number of breaches in 2017, 2018 saw breaches on a more massive scale and from marquee players, such as Facebook, Under Armour, Quora, and Panera Bread. Cyber criminals stole sensitive personally identifiable information (PII) from users, including email and physical addresses, passwords, credit card numbers, phone numbers, travel itineraries, passport data, and more.

You'd think these problems would cause companies to be extra diligent about discovering data breaches, but that doesn't seem to be the case. In reality, companies rarely discover data breaches themselves. According to Risk Based Security, only 13 percent of data breaches are discovered internally.

Here are a few key stats to encourage you to be more diligent in 2019:

  • During the first 6 months of 2018, the equivalent of 291 records was stolen or exposed every second.
  • The largest data breaches including Marriott, Exactis, Under Armour, Quora, MyHeritage, Facebook and Panera Bread totaled more than 1.3 million records being exposed.
  • Only 13% of data breaches were discovered internally. 59% weren't discovered until a third party informed the company.
  • Information is being sold on the Dark Web every day. A credit card with a $5000 limit goes for as much as $450; subscription service logins for $1-$10 each; driver's licenses for $20 and US passports for $1000-$2000.


View More Articles

Ready to plan for your future now?

Get started with your complimentary financial plan analysis today!

Learn More