According to the Identity Theft Resource Center ( ITRC ), 841 data breaches were publicly reported in the first quarter of 2024 , which is a 90% increase over the same period last year.
Causes of breaches
Cyberattacks were the leading cause of data breaches (642 incidents and 28.3 million victims), followed by human error and failures system .
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The report found that supply chain attacks continue to pose significant challenges for organizations . The number of companies impacted by these threats more than tripled in Q1 2024 compared to Q1 2023. Fifty such breaches impacted 243 organizations and approximately 7.5 million victims.
Common targets
Financial services were the most affected by data breaches. Breach notifications from financial services tripled year-over-year, reaching 224. Healthcare and professional services followed .
Eva Velasquez, president and chief executive officer of ITRC, described the results as concerning.
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“Criminals are launching more targeted attacks that are different from the tactics used five to 10 years ago. Therefore, it is critical for businesses and consumers to continue to implement basic password security practices and transition to Passkeys where possible“.
Data breach protection
To prevent or reduce the likelihood of data breaches, the first key approach is to educate staff. Staff must be aware of the risks and consequences of data breaches and how to deal with the threats.
Additionally, the use of modern security technologies is essential. This may include installing and updating anti-malware programs, using DDoS protection systems , and implementing encryption techniques to protect data.
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Implementing security policies and protocols is also important. This can include implementing data access policies, adopting access protocols in the event of a breach, and implementing recovery protocols.
Finally, continuous monitoring and review of security systems is essential to address new threats. This means monitoring network activities, reviewing security , and updating security technologies and practices.
Source: www.infosecurity-magazine.com
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