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Photo: Shutterstock.com / Dmytro Tyshchenko

2020 On Track To Hit Data Breach Record

– Data Economy

This year is set to see a huge rise in data breaches, with COVID-19 being a potential reason for the increase

Around 5 billion records were stolen in the US in 2019. In Q1 2020, over 1.6 billion records have already been stolen, meaning the overall total is likely to be record high.

“The reasons could be linked to Covid-19, with phishing scams now on the rise as people isolate during global lockdowns.”

The report concludes that to avoid data breaches, companies should minimize the amount of consumer’s data they hold, and only collect that data with the user’s consent.

Even the most seemingly harmless piece of data can be combined with other sources of information to result in serious compromise

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