Intelligent CISO Issue 07 | Page 21

cyber trends app-based platforms,” said Sébastien Pavie, Regional Director META, Enterprise and Cybersecurity, at Gemalto. “With the introduction of the Information Assurance Standards in the UAE as well as European regulations such as GDPR, 2018 has been a landmark year for data protection regulations and will most likely increase the number of publicly disclosed breaches. This renewed focus on data compliance is challenging for organisations; however, it is crucial for building a strong foundation to combat cyberattacks. By implementing a proactive data security approach into the IT infrastructure, companies can effectively prepare for a breach, and avoid falling victim to one.” Primary sources of data breaches Malicious outsiders caused the largest percentage of data breaches (56%), a slight decrease of almost 7% over the second half of 2017 and accounted for over 80% of all stolen, compromised or lost records. Accidental loss accounted for over 879 million (9%) of the records lost this half, the second most popular cause of data breaches representing www.intelligentciso.com | Issue 07 Financial access incidents show a disturbing trend in the escalation of severity. over one third of incidents. The number of records and incidents involved in malicious insider attacks fell by 50% this half compared to the same time period in 2017. Leading types of data breaches Identity theft continues to be the leading type of data breach, as it has been since Gemalto first started tracking in 2013. While the number of identity theft breaches increased by 13% over the second half of 2017 to just over 64%, the number of records stolen through these incidents increased by 539%, representing over 87% of all records stolen. Financial access incidents show a disturbing trend in the escalation of severity. Though overall incident numbers are on the decline H1 2017 vs H1 2018 (171 for H1 2017 and 123 for H1 2018), the number of records breached increased H1 2017 vs H1 2018 (2.7 million and 359 million) respectively. Industries most affected by data breaches Most sectors saw an increase in the number of incidents compared to the previous half – the exceptions were government, professional services, retail and technology, though both government and retail saw an increase in the number of records breached through fewer events. Healthcare continues to lead in number of incidents (27%). Social media ranks top for number of records breached (56%) due to the high-profile customer data compromises at Facebook and Twitter, involving 2.2 billion and 336 million respectively. u 21