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New Report Shows Data Breaches Rise 15 Percent In 2016

New Report Shows Data Breaches Rise 15% In 2016

Data Breach Report
The problem of data breaches is one that, unfortunately, isn’t going away anytime soon. But businesses can protect themselves with a layered security approach.

Whenever a data breach occurs, it doesn’t just affect the business; it affects anyone whose information has been compromised (e.g., employees, customers, vendors). For example, the data breach that hit the Office of Personnel Management (OPM) in 2014 and 2015 resulted in a compromise of more than 22 million records. These records included personal information about government employees, security background check information, and fingerprint data.

The U.S. House of Representatives Committee on Oversight and Government Reform found that a lack of security and multi-factor authentication in the OPM made it easier for cyber criminals to hack in and steal records. But the OPM is not the only big victim. In fact, the following organizations were affected by a data breach in the last 12 months.

University of Central Florida
In February 2016, cyber criminals hacked into the university’s database, accessing 63,000 records of current and former students, staff, and faculty members. They were able to obtain names, student and employee ID numbers, and Social Security numbers.

In February 2016, a Snapchat employee was targeted via phishing scam. A cyber criminal sent an email to a Snapchat payroll employee posing as Snapchat’s chief executive, Evan Spiegel. The criminal asked for payroll information for former and existing employees, and the Snapchat employee unknowingly provided the criminal with confidential information. Over 700 employees had their names, payroll information, and Social Security numbers stolen.

In May 2016, it was made public that over 300 of Wendy’s franchised restaurants were infiltrated by point-of-sale malware starting in the fall of 2015, with some locations still leaking customer data well into 2016. It’s believed that large amounts of payment information were stolen.

Newkirk Products
In August 2016, Newkirk Products, a service provider that issues healthcare ID cards, was breached and over 3 million people had their names, addresses, and healthcare insurance information compromised. While the breach did not involve Social Security numbers, or banking and credit card information, sensitive information (such as Medicaid ID numbers, dates of birth, and names of dependents enrolled in health insurance plans) was stolen.

In August 2016, Oracle, who owns the MICROS point-of-sale system, had their servers infected with malware, which allowed cyber criminals to steal an unknown quantity of usernames and passwords from the MICROS customer support portal. It is also suspected that malware was planted on MICROS POS systems across the country.

In October 2016, it was made public that Weebly, a web-hosting service, had 43 million records compromised, including usernames, passwords, email addresses, and IP information. Weebly wasn’t storing credit card numbers on its servers, so it is believed that the customers’ payment information was not compromised.

Click here or here to see a more complete list of major data breaches.

These data breaches emphasize the importance of multi-layered security for any organization or business. Anyone can be the victim of cybercrime if the necessary security procedures and processes are not implemented.

Protect your business with MiPoint, MiCamp’s PCI-compliant payment solution that features the layered security of EMV, end-to-end-encryption, and tokenization. This means sensitive payment card data is never stored, processed, or transmitted – leaving nothing for cyber criminals to steal.

Get protection from breaches and fraud with MiPoint Integrated Payments.

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