According to the new reports published by Wipro which claims that “more than 1.38 billion” records of data were stolen globally in 2016, with data breaches in the business world – which is about 43 records per second.
In it’s latest reports, ‘The Cyber Safety Situation Report’, the year 2016 saw many vertical area businesses witness increasing data breaches.
“The attack frequency increased in 2016 and the impacts also grew to a large extent. There is an increase of 53.6 percent compared to 2015 for records stolen in 2016.”
The report showed that “at least 1.38 billion records data were stolen” in 2016.
“This is not just the amount of information assets that are lost or disclosed to the public, but it has caused the customer’s confidence to collapse after the attacks,” reports says.
After the violations were reported, negative public sentiment was also reflected in stock market price drops and on online trading and eventually reached the lowest level.
The report covered 139 organizations from 11 countries, including banking, manufacturing and healthcare.
Interestingly, in 2016, the health sector was the most affected sector and accounted for 30 percent of the announced attacks. Other sectors such as government, financial services, education, retail and technology were also attacked.
The also claims that businesses regularly test for security vulnerabilities to assess security risks and take on natural risks,