375 Million Customer Data Records Compromised in 2014 – Retail Industry Hit Hardest
Jul 30, 2014 UncategorizedComments Off on 375 Million Customer Data Records Compromised in 2014 – Retail Industry Hit Hardest
BALTIMORE, July 30, 2014 /PRNewswire/ — SafeNet, Inc., a global leader in data protection solutions, today released the highlights from its SafeNet Breach Level Index (BLI) for the second quarter of 2014. Between April and June of this year, there were a total of 237 breaches that compromised more than 175 million customer records of personal and financial information worldwide. For the first half of 2014, more than 375 million customer records were stolen or lost as a result of 559 breaches worldwide. The retail industry had more data records compromised than any other industry during the second quarter, with more than 145 million records stolen or lost, or 83 percent of all data records breached. Less than one percent of all 237 breaches during the second quarter were secure breaches where strong encryption or authentication solutions protected the data from being used.
SafeNet also announced the results of a global survey of more than 4,500 adult consumers in which nearly 40 percent of respondents said they would never, or were very unlikely to, shop or do business again with a company that had experienced a data breach. This sentiment increased to 65 percent if the data breach involved customers’ financial and sensitive information.
Q2 Highlights The Breach Level Index provides details about hundreds of individual data breaches, which can be sorted by source, industry, risk level, and date. Highlights from the second quarter include:
In each of the last four consecutive quarters, there has been one major data breach in which more than 100 million records were exposed.
175,655,228 records were stolen in the second quarter. This equates to 1,951,724 records stolen per day; 81,321 stolen per hour; and 1,355 records stolen every second.
Malicious outsiders are targeting businesses’ most critical records. They are responsible for compromising 99 percent of the records and 56 percent of the incidents this quarter, more than any other source.