Most companies these days rely on critical business data to operate efficiently and competitively. From in-depth customer insights gathered from years of market research to sensitive financial information that details the current performance of the company, businesses, regardless of size, use a variety of important data which when exposed or leaked can result to heavily damaged reputation, severe penalties, and worst – total closure of the business.
Data security breach is one of the most serious cybersecurity threats that any business should be aware of these days. Based on a recent study from Ponemon Institute, more than 78% of companies and organizations have suffered from at least one data breach over the past two years. In 2017 alone, the number of private data exposed due to data breach also surpassed 2.5 billion, up from 88% from 2016.
While the causes and techniques that cause data breach have evolved, the damage that it can inflict to a business can be immeasurable. Aside from significant financial liabilities due to reimbursements that have to be made to customers and hefty penalties levied by industry regulators, a single data breach can also damage the company’s brand reputation and lose long time customers and investors which may ultimately cause for it to become bankrupt.
To give you more insights into how devastating a single data security breach incident could be, here are the key takeaways of the infographic from TeleMessage, which listed down the top security breaches in history:
- Home Depot – Exposed information of 56 million customers.
- Anthem – Exposed information of 78.8 million customers.
- JP Morgan Chase – Exposed information of 76 million households and 7 million small businesses.
- Heartland Payment Systems – Exposed information of 134 million credit card holders.
- Equifax -Exposed information of 145 million users.
- eBay – Exposed information of 145 million users.
- Yahoo – Exposed information of about 3.5 billion users.
To learn more about how these data breach incidents happened, check out the infographic below.