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Billions of records have been hacked already. Make cybersecurity a priority or risk disaster, warns analyst

ZDNet – “A new report warns against relegating cybersecurity to the bottom of the to-do list. More data records have been compromised in 2020 alone than in the past 15 years combined, in what is described as a mounting “data breach crisis” in the latest study from analysis firm Canalys.  Over the past 12 months, 31 billion data records have been compromised, found Canalys. This is up 171% from the previous year, and constitutes well over half of the 55 billion data records that have been compromised in total since 2005.  Cases of ransomware – a specific type of attack that encrypts servers and data to block access to a computer system until a sum of money is paid – have been on the rise, with the number of reported incidents up 60% compared to 2019.  “Prioritize cybersecurity and invest in broadening protection, detection and response measures or face disaster,” said Canalys chief analyst Matthew Ball. According to Canalys, this unprecedented boom in attacks can be in part attributed to the COVID-19 pandemic, which forced organizations across the world to digitize at pace, without putting enough thought into the new security requirements that come with doing business online…”

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