What are the most frequent types of security breach for consumers and companies all over the world? The infographic below shows the hard truth about hacking activities and digital security. What’s the reach of the breach?
“Identity theft and identity fraud…refer to all types of crime in which someone wrongfully obtains and uses another person’s personal data…”
US Department of Justice
Digital identity theft is the #1 problem experienced by companies and individuals working online. The survey carried out says it accounts for 19% of all security breach activities. Hackers establish unauthorized credit, charge items in the victims’ name, or access sensitive data. Reports of digital identity thefts have unfortunately risen steadily over the past 5 years.
A billion dollar industry
“Hacking is a billion dollar industry. It’s organized crime with big money behind it. The criminal acts are resourced and there’s a market for the stolen information”
Adam Vedra, Information Security Officer, CIT
The biggest security threats typically target companies. Scroll down to learn about estimated costs of such breaches. From Sony to Visa and JTX, big corporations experienced 1-4B damages. The solution? Constant monitoring and high-calibre cyber intelligence. This is why early warning systems like Strixus allow companies to sleep easy and protect their assets.
Infographic by Visual.ly
The primary target
Breaking this down further, one can see that the primary target for data theft and cyber attacks is the financial industry. Within the confined walls of banks, insurance companies and credit card agencies we have the highest value of consumer information, plus the biggest opportunity for financial fraud.
- Prediction – intelligence gathering on all potential threats and adversary chatter through cyber surveillance technology
- Internal security – technical barriers put into place to effectively deter an attack or breach, should it occur
- Security awareness – education of staff on security awareness to avoid the most common errors in data handling and physical security.