Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Attacks/Breaches

12/16/2019
05:45 PM
50%
50%

Financial Services Breaches Less Common, More Damaging, Than Those in Other Sectors

While far less common than breaches in other industry sectors, financial services breaches were more than twice as expensive, per record exposed, than the average for tech businesses.

Breaches at financial services firms were a small percentage of the total breaches in 2019, but they delivered more than 60% of all the records stolen into criminals' hands. On average, a financial services breach exposed more records than those in healthcare, government, education, or other business incidents.

A new report by Bitglass provides these details along with information such as the $388 average cost per breached financial services record. That number is far in excess of the $183 per record average for the tech sector and especially sobering in light of the more than 100 million individuals affected by breaches.

According to the report, created with data compiled from the Identity Theft Resource Center (ITRC) and the Ponemon institute, only 7% of the data breaches in 2019 occurred in the financial services sector, compared with 43% in general business and 36% in healthcare. Of the breaches in financial services, three-quarters were due to either external hackers or malware, while 6% were the result of insider threats.

For more, read here.

 

Check out The Edge, Dark Reading's new section for features, threat data, and in-depth perspectives. Today's top story: "Disarming Disinformation."

Dark Reading's Quick Hits delivers a brief synopsis and summary of the significance of breaking news events. For more information from the original source of the news item, please follow the link provided in this article. View Full Bio

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
Limited-Time Free Offers to Secure the Enterprise Amid COVID-19
Curtis Franklin Jr., Senior Editor at Dark Reading,  3/31/2020
COVID-19: Latest Security News & Commentary
Dark Reading Staff 4/3/2020
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Current Issue
6 Emerging Cyber Threats That Enterprises Face in 2020
This Tech Digest gives an in-depth look at six emerging cyber threats that enterprises could face in 2020. Download your copy today!
Flash Poll
State of Cybersecurity Incident Response
State of Cybersecurity Incident Response
Data breaches and regulations have forced organizations to pay closer attention to the security incident response function. However, security leaders may be overestimating their ability to detect and respond to security incidents. Read this report to find out more.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2020-11586
PUBLISHED: 2020-04-06
An XXE issue was discovered in CIPPlanner CIPAce 9.1 Build 2019092801. An unauthenticated attacker can make an API request that contains malicious XML DTD data.
CVE-2020-11587
PUBLISHED: 2020-04-06
An issue was discovered in CIPPlanner CIPAce 9.1 Build 2019092801. An unauthenticated attacker can make an API request and get the content of ETL Processes running on the server.
CVE-2020-11589
PUBLISHED: 2020-04-06
An Insecure Direct Object Reference issue was discovered in CIPPlanner CIPAce 9.1 Build 2019092801. An unauthenticated attacker can make a GET request to a certain URL and obtain information that should be provided to authenticated users only.
CVE-2020-11590
PUBLISHED: 2020-04-06
An issue was discovered in CIPPlanner CIPAce 9.1 Build 2019092801. An unauthenticated attacker can make an HTTP GET request to HealthPage.aspx and obtain the internal server name.
CVE-2020-11591
PUBLISHED: 2020-04-06
An issue was discovered in CIPPlanner CIPAce 9.1 Build 2019092801. An unauthenticated attacker can make an API request and obtain the full application path along with the customer name.