When It Comes to Cyber Risks, 2018 Is No Time to Play Games

Before the year is up, organizations should focus on improving their game. That means figuring out which activities yield the most positive results — or best help reduce negative outcomes. With the cybercrime landscape evolving at breakneck speed, security teams had best bring their A-game to compete with ever-more sophisticated threat actors in 2018.

While some organizations have spent decades fine-tuning their ability to respond to and manage cyber risks, far too many are still playing games with their security strategy.

From a cybersecurity perspective, 2017 will go down as a record year for data breaches. The Identity Theft Resource Center (ITRC) reported 1,579 breaches, up 45 percent from 2016. By itself, 2017 accounted for over 22 percent of all the data breaches tracked by the ITRC between 2005 and 2017. Over 50 percent of those breaches exposed Social Security numbers, and nearly 20 percent leaked credit and debit card numbers. Hacking accounted for 940 breaches, or 60 percent of successful compromises. While the ITRC only tracked five industry categories, over 55 percent of breaches targeted the business sector, followed by the medical/healthcare industry at over 23 percent. Continue reading at SecurityIntelligence.com