According to recent data breach statistics, our growing reliance on technology comes with a hidden cost: increased data vulnerability.
Businesses, eager to improve services are also collecting more personal data from customers. This can be a double-edged sword, leaving us vulnerable to identity theft if a data breach occurs. The reality is, in today's data-driven world, anyone can be a victim.
This article contains data breach statistics to increase awareness of data vulnerability and how susceptible businesses and individuals are to breaches. It also alerts us to the most recent data breach attacks and explains how to build resistant systems.
Big data breaches shake industries and even economies and some even force the affected businesses into folding up. These breaches cost billions of dollars, which most businesses are unprepared to pay for.
This is one of the biggest data breaches in history, affecting over three billion Yahoo accounts worldwide. The worst part is that this breach went on simultaneously for over three years, resulting in Yahoo incurring costs of $35 million and other class-action lawsuits due to the data breach.
Hackers exploited four zero-day vulnerabilities in Microsoft’s OS and servers to gain unauthorized access to users’ email information. This data breach lasted for six months before Microsoft found out, and it affected 30,000 companies in the United States and 60,000 companies worldwide.
Due to non-passworded folders and files owned by REWN, some hackers unlawfully gained access to 1.5 billion private records of individuals, including their names, addresses, property history, bankruptcy information, and tax information. This breach exposed celebrities whose information was exposed on the database to all forms of social engineering attacks.
This is one of the biggest unauthorized data exposures from a financial company. The worst part is that there was no hacking involved. The bad actors only took advantage of a design flaw on their website that created a security loophole. This design flaw allowed anyone to view private records once they had links to the documents hosted on the website.
Users could also access other users’ records by changing a series of digits in their login URL. This data leak exposed 885 million files, including bank account information, bank statements, and social security numbers. The SEC also fined First American Financial Corporation $500,000.
A more recent breach of Eastern Radiologists’ network resulted in the possible exposure of 866,000 patient records. These records, including patient names, radiology exam details, insurance details, and social security numbers, were found to have been copied from the company’s database to an offsite location.
Facebook is not new to the world of data breaches. There was the Cambridge Analytica Scandal, which cost the FAANG company over 800 million dollars in 2023. Between 2019 and 2020, 309 million user information was found on the dark web from Facebook, and in 2019, the personal information—Facebook IDs and phone numbers—of 419 million Facebook users was found on an exposed server. But these breaches have only little impact compared to the breach of 2021.
In 2021, Facebook suffered another breach where hackers exploited a system vulnerability within Facebook that allowed them to scrape users' profile information, including names, phone numbers, and passwords. This gave the hackers unauthorized access to more than 530 million user accounts, and the users were not notified after the incident.
As an individual, you can protect yourself and reduce the impact of this breach by masking the phone numbers and email addresses you use on social media.
In Home Depot’s malware attack, 56 million payment card numbers and 53 million email addresses were leaked. The hackers gained access to this information through custom-built malware installed on Home Depot’s point-of-sale systems across the US and Canada. This breach went undetected for five months and cost Home Depot about $180 million, including payment to credit card companies and damages.
This data breach affected five major hospitality companies under Marriott International, including Four Points and Sheraton. In this breach, over 500 million guest records dating back four years were accessed by the hackers who duplicated these records. The stolen records include information on names, addresses, passport numbers, and guests' credit card information. This breach cost Marriot over $20 million.
River City Media failed to implement password protection while configuring backup servers to its My SQL database, which exposed 1.4 billion user information, including the names, email addresses, IP addresses, and physical addresses of affected individuals. This breach's financial and non-financial impact was so significant that it resulted in River City Media shutting down its operations.
This breach is one of the biggest breaches that hit the financial industry, involving over 100 million payment card records. The breach occurred due to an SQL injection that allowed hackers to modify Heartland’s web code. The hackers could also retain unauthorized access for months undetected due to poor cybersecurity oversight on Heartland’s part.
Heartland would have remained unaware of the hackers’ presence and activities on their networks if Visa and Mastercard had not alerted them to some suspicious activities from Heartland accounts. Heartland, however, had to incur costs amounting to around $220 million; their stock prices fell by 77%, and another payment service company—Global Payments, finally bought them over.
As a renowned marketing firm that collects and sells data on businesses and individuals, Exactis holds one of the largest databases containing billions of information on consumers and their habits. In 2018, this database was found in plain form online with 340 million individual records exposed.
It was later found that this database, the most complete consumer data collection, including information on nearly all US citizens and many businesses, had been publicly available online for months.
Due to a vulnerability in Capital One’s cloud firewall, a former AWS employee was able to hack into Capital One’s servers, accessing records of over 100 million individuals, including their bank account numbers and balances, social insurance numbers, and credit scores. The hacker also published this data on GitHub, where anyone could access it, increasing the breach's impact. This breach cost Capital One $190 million.
This data breach is not just one of the biggest. It is also very high-profile, involving over 93 million users and 2,500 businesses. The breach resulted from a vulnerability in the transfer application MOVEit, which allowed bad actors to access many corporations' records, including First National Bank.
The cost of this single breach amounted to more than $15 billion in damages and may still increase as more companies discover that the breach impacted them.
This cyberattack on MGM Resorts resulted in a revenue loss of $80 million and was carried out using simple social engineering techniques. The attackers assumed the identity of an MGM employee from the information they found on LinkedIn.
After that, they called the MGM IT help desk, requesting assistance logging into their accounts. This 10-minute call allowed the attackers to gain administrator privileges into MGM’s Okta and Azure environments. Although the experts at MGM identified their activities on time and limited the attack area, they still successfully launched ransomware.
In MongoDB’s attack, hackers could access and delete files containing the names, employment history, and other private details of individuals involved. However, only 275 million records were deleted out of over 1 billion exposed records.
Further investigation found that the breach was only successful because of a series of unpassworded databases containing all of this information.
The world is not new to data breaches, and although the impact and significance of each breach have increased over the years, every breach in history has shaped the future of data security and cybersecurity.
Let’s break down statistics on data breaches by country:
Data breaches often result in huge financial and non-financial costs, from court fines to incidence response costs.
Here are some data breach statistics from around the world.
Preventing data breaches certainly outweighs the costs incurred after a data breach. Here are some statistics to guide your data breach prevention strategies:
Cyber crimes are rising due to the influx of people using the Internet for various transactions. AI's emergence has also proven to be a key tool in cyber crimes and attacks, enabling AI-assisted data breaches.
1. In the first quarter of 2024 alone, 116 data breaches involving hacking and IT incidents occurred, targeting the healthcare industry and affecting over 13 million people.
2. The number of people affected by data breaches doubled between 2022 and 2023 and is expected to increase even more in 2024 as the growth in ransomware continues at over 70% allowing people with limited knowledge in exploiting networks to access private records unlawfully.
3. Breach of government agencies and departments is also on the increase. The French government department responsible for registering and helping unemployed citizens recently suffered a breach that led to the exposure of information of 43 million citizens. This information includes names, dates of birth, postal addresses, and social security information of affected citizens.
Similarly, a ransomware gang leaked 65,000 Swiss government files in an Xplain data breach. These files belong to the Federal Department of Justice, the Federal Office of Police, the State Secretariat for Migration, the IT Service Center, and the Federal Department of Defense, Civil Protection, and Sports.
4. Cyberattacks and data breaches are now top threats to business survival in India.
5. Hackers initiate more than 2,200 cyber attacks every day, which means that an individual or a business is hacked every 39 seconds.
6. The cost of cybercrimes is expected to reach an all-time high of $9.22 trillion in 2024, and it could reach $13.82 trillion in 2028.
7. Cyber attackers are now exploring using AI to launch more potent and efficient attacks with a much higher execution speed.
8. 80% of reported cyber attacks are phishing, highlighting the importance of strong data privacy measures even while using online dating apps.
9. Cyber attackers can attack users on 98% of web applications, illustrating how easily anyone can be hacked.
10. Only 55% of companies run regular cyber security assessment tests on their assets and infrastructure.
11. Businesses rely more on external IT providers for cybersecurity, with 81% of businesses choosing to outsource their cybersecurity.
12. More cyber attacks happen in the US than in any other country, followed by Canada.
13. Since COVID, there have been 4000 cyber attacks daily globally, and this number is expected to increase by 400% yearly.
14. Cyber incidents are the biggest risks to businesses worldwide as of 2023.
15. Network intrusion was the most common cyber attack experienced by US companies in 2022, followed by business email compromise.
Data breaches always have ripple effects, though not always reported. For example, hackers used credential surfing to access 14,000 23andMe user accounts. However, this escalated quickly to a breach that now affected 6.9 million users as 23andMe had a feature that linked users to their relatives—the DNA relatives feature.
Here are more data breach statistics:
Let’s cover a few FAQs on data breaches.
A data breach is a security incident where private information and records are accessed without the proper authorization.
Data breaches do not only occur when a bad actor steals private information. A data breach has occurred where someone who isn’t authorized to access certain information gains access to them.
Data breaches are not just the result of a hacker using brute force to penetrate our systems but also individual negligence, such as saving all your passwords on Google Password Manager and overlooking simple data security rules like setting strong passwords for your systems and updating software regularly.
Preventing data breaches requires constant data security awareness for both businesses and individuals.
For business:
For individuals:
Also, data breaches can be prevented using a data privacy platform like Cloaked. Cloaked’s features for data privacy include:
Data breaches expose you to identity theft, brushing scams, social engineering attacks, and many other cyber crimes. Sadly, based on statistics, these breaches are more common than we think, but you can protect yourself from them by using a data privacy platform like Cloaked.
Cloaked is a privacy-first platform that offers users anonymity online for complete privacy. This full-stack privacy platform provides users with proxy email addresses and phone numbers that can never be linked to them. Cloaked also has password management features to protect all your online accounts with strong passwords, preventing breaches.
Cloaked also allows users to store and share private information securely, so you never have to send sensitive information via plain text again. It also implements a zero-trust architecture and end-to-end encryption for everything stored on the app so no one can access your information without your consent.
Sign up on Cloaked to get started.
To check if you have been involved in a data breach, enter your email address or phone number here.