[BreachExchange] No. of Records Exposed in 2020 Q1 Data Breaches Skyrockets to 8.4 Billion

[Destry Winant]

https://www.riskbasedsecurity.com/2020/05/11/no-of-records-exposed-in-2020-q1-data-breaches-skyrockets-to-8-4-billion/

Today, we released our 2020 Q1 Data Breach QuickView Report, which finds
that the total number of publicly reported breaches in Q1 2020 has
decreased by 42% compared to the same period last year. Despite this, the
number of records exposed for this quarter skyrocketed to 8.4 billion –  a
273% increase compared to Q1 2029, and a record for the same period since
at least 2005, when detailed reporting began.

“Based on our experience, the decrease of publicly disclosed breaches in Q1
of 2020 should not be interpreted as a decline in breach activity. Quite
the contrary. The turmoil that the pandemic has brought has created a
unique opportunity for malicious actors and a stressful environment primed
for mistakes. Once the dust settles, we anticipate the number of reported
breaches will be on par with, if not exceed, 2019.”

Inga Goddijn, Executive Vice President, Risk Based Security

The report explores in further detail how the COVID-19 pandemic, and the
ensuing economic impact, has laid the groundwork for successful cyber
attacks. Despite the lower number of publicly reported breaches, the number
of records exposed in Q1 2020 skyrocketed to 8.4 billion – a 273% increase
compared to Q1 2019.

“On average, hacking exposed an average of approximately 850,000 records
per breach and most breaches originated from outside the organization. We
are continually finding that simply meeting regulatory standards or
contractual obligations do little to actually prevent a breach from
occurring.”

Inga Goddijn, Executive Vice President, Risk Based Security

The 2020 Q1 Data Breach QuickView Report covers the data breaches reported
between January 1, 2020 and March 31, 2020.

Get your copy of the 2020 Q1 Data Breach QuickView Report
<https://pages.riskbasedsecurity.com/en/2020-q1-data-breach-quickview-report>


About the QuickView Report and Cyber Risk Analytics

The quarterly Data Breach QuickView report is a service of Cyber Risk
Analytics (CRA), which provides actionable threat intelligence about
organizations that have had a data breach or leaked credentials. This
enables organizations to reduce exposure to the threats most likely to
impact them and their vendor base.

In addition, our PreBreach vendor risk ratings, the result of a deep-view
into the metrics driving cyber exposures, are used to better understand the
digital hygiene of an organization and the likelihood of a future data
breach.

The integration of PreBreach ratings into security processes, vendor
management programs, cyber insurance processes and risk management tools
allows organizations to avoid costly risk assessments, while enabling
businesses to understand their risk posture, and to act quickly and
appropriately to proactively protect their most critical information assets.
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