What do eBay, JP Morgan, Target, and Sony have in common? They have all been hacked and their data has been breached.
According to Lauren Sporck of NetworkComputing.com, “Data breaches in large companies are the new normal, and customers have grown accustomed to hearing about data leaks, information thefts, and loss of their personal information.”
Data breaches can be disastrous, and IBM estimates the cost of an average breach at $3.8 billion. For many businesses, large and small, the risk to their organization’s integrity, reputation, compliance and operations are dependent on maintaining the highest degree of security.
According to the ITRC (Identity Theft Resource Center), there have been 5,754 data breaches between November 2005 and November 2015, exposing 856,548,312 records.
Take a look at the 8 most disastrous data breaches of all time along with their causes and effects highlighted. Since security threats are increasing, you need to start asking yourself if you are ready. This is the time to learn from the past and prepare for the future.