Blog Post

It’s the year of the hack! Do you know how many?

The numbers tell the story. And we’re still counting.

Oxford Dictionaries chose youthquake as the word of the year for 2017. Even though it originally came into vogue in 1965 by Diana Vreeland when she was editor of Vogue, once again it’s trending, with five times more usage than in 2016.

Given the amount of hacks and breaches in 2017, a more apt word of the year should be hackquake or breachquake—seriously. Yes, totally new words coined to reflect today’s ubiquity and danger of cyberattacks.

Since Oxford couldn’t be convinced to accept these newly coined words—how about cybersecurity, at the very least? Try catching up on a day of news without hearing about a data breach, hacking or spear phishing incident. It’s impossible. The world may be quaking from the youth movement and millennials turning every industry on it’s ears, but the quake that’s making us shake the most today is the threat of personally identifiable information (PII), personal health information (PHI) and intellectual property getting into the hands of unauthorized users. It’s the quake felt ‘round the world.

To date, cyberattacks are in the thousands—just in this year. Which translates into millions of customers, patients, businesses and government agencies at risk. In Vegas they’re probably taking book on the final total number of data breaches and hacks to hit the news by the end of 2017. Here’s the numbers story so far. Scary stuff.

Top 12 Cybersecurity Numbers that Make Us Quake

 

63% Breaches using primary method of hacking (phishing, ransomware/malware and skimming)—a 5% increase from 2016.

 

43 Worst data breaches reported in 2017.

 

>150 Countries affected by cyberattacks in 2017.

 

791 Data breaches in the first six months of 2017.

 

3,833 Publicly disclosed data compromise events through September 30th.

 

$3,620,000 Average total cost of a data breach.

 

>23,500,000 Healthcare patients with breached records in 2017.

 

57,000,000 Customers whose information was breached.

 

143,000,000 Social Security numbers compromised.

 

198,000,000 Voter records exposed in a misconfiguration.

 

9,198,580,293 Data records lost or stolen since 2013.

 

$6,000,000,000,000 and >$1,000,000,000,000 Annual projected cyber crime damage costs and cybersecurity spending, respectively, by 2021.

 

We need to be more proactive about cyber threats moving into 2018. We can’t let the numbers tell the same story next year. It’s time to ensure safety measures. GigaCloudTM from GigaTrustTM can help get these numbers down by ensuring content protection at rest…in transit…and in use, while persistently protecting emails and documents for collaboration anytime, anywhere, to anyone on virtually any device.

Wishing you happy holidays and a happy, prosperous and safe new year.

By Harry Piccariello, Chief Marketing Officer