The Top Industry Targets for Data Breaches – Are You on the List?

It’s important to know what your data breach risk is. It’s something that affects every company worldwide that operates even part of its services online. However, some companies are more at risk than others, sometimes due to the sensitive nature of information about individuals possessed by these companies, but also how easy it is for the data to be lost in some way. This is generally when companies have an insufficient or incomplete data loss protection strategy that prevents against both internal and external threats. Here are some of the top industries that have data breaches:

  1. Healthcare
    Healthcare is a prime target because of the huge amount of sensitive information, from medical records to payment information, kept by healthcare organizations. Due to the sheer size and scale of many healthcare organizations, often upgrading software and protection systems becomes so big that it’s overlooked in favor of what feel like more immediate issues, such as staffing and equipment. Around 100 million health records were compromised in 2015 and similar figures stack up for 2016 also.
  1. Financial Services
    Frighteningly, almost half (49%) of global financial services organizations have experienced a data breach in the past, according to the 2017 Data Threat Report. IBM has found that one of the biggest vulnerabilities for financial services firms is actually human error. Insider involvement accounted for 58% of all breaches in 2016; of these, 53% acted inadvertently, while 5% acted with malicious intent. Unfortunately, many of these could have been avoided with an agile data protection plan that was well-communicated to all employees.
  1. Government
    Governments have always been classic targets for any kind of information breach, due to the sensitive nature of the data that they hold and the power that they wield. They’re also a huge employer. If you were to add up the various parts of the US government from military, to bureaucratic and civilian, you can get figures of close to 5 million individuals working for the US government and having access to its computer systems. With roughly half of data breaches occurring internally, that’s 5 million potential ways to lose confidential government information.
  1. Transport and Logistics
    This is also a huge industry and covers everything from giant airlines, to small owner-operated delivery services. The US Department of Transportation said, “the growing reliance on cyber-based control, navigation, tracking, positioning and communications systems, as well as the ease with which malicious actors can exploit cyber systems serving transportation.” Essentially, the transportation industry exists in a mobile world and mobile is one of the easiest end-points for data to be breached. It’s often not protected properly by companies, which can lead to employees easily losing information or being targeted by cyber-criminals.

Even if your company’s not on this list, it’s important for you to take steps to ensure that the data stays safe and secure. Data breaches have become so serious that companies can be liable for serious fines if it is deemed that their security was not up to scratch. If you’re a SME or SMB especially, they are the kind of fines that could put you out of business completely, or ruin your reputation. Look into a data loss protection strategy that works for the needs of your company and figure out ways to get your staff on-board to ensure that no data is lost from your organization.