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May 2013 / Volume 15 / No. 4

Data breach protection requires new barriers

Data shows that publicized hacks, cyberattacks and data breaches continue to increase, and the majority of attacks are from outsiders. According to Verizon's 2013 Data Breach Investigations Report, released in April, 92% of breaches in 2012 were attributed to outsiders, and 19% involved state-affiliated actors. Regardless of the motives and the types of hackers or attackers, it behooves chief information security officers (CISOs) and security staff to take actions to better defend their data from these miscreants. Data theft has consequences for organizations: bad press, impact on reputation, devalued share prices and the costs of investigating the breach. Companies may also have to take legal action and make notifications to affected individuals if a breach involves personal data theft. From the consumer arena to “hactivists,’’ data breaches and disclosure requirements have evolved over several decades. In 1992 the Privacy Rights Clearinghouse (PRC) was formed as a nonprofit in California by Beth Givens, a student at the ...

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