Billions of records have been hacked already. Make cybersecurity a priority or risk disaster, warns analyst

Billions of records have been hacked already. Make cybersecurity a priority or risk disaster, warns analyst

By: Daphne Leprince-Ringuet

A new report warns against relegating cybersecurity to the bottom of the to-do list.

More data records have been compromised in 2020 alone than in the past 15 years combined, in what is described as a mounting “data breach crisis” in the latest study from analysis firm Canalys.

Over the past 12 months, 31 billion data records have been compromised, found Canalys. This is up 171% from the previous year, and constitutes well over half of the 55 billion data records that have been compromised in total since 2005.

Cases of ransomware – a specific type of attack that encrypts servers and data to block access to a computer system until a sum of money is paid – have been on the rise, with the number of reported incidents up 60% compared to 2019.

“Prioritize cybersecurity and invest in broadening protection, detection and response measures or face disaster,” said Canalys chief analyst Matthew Ball.

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