In today’s day and age, cybersecurity is one of the most critical aspects that no business of any kind and size can afford to compromise. As data become more valuable and data economy grows in importance, it is now more imperative even for small and medium businesses to have a solid data security systems and policies in place to reduce their risks against a potential data security breach.
According to a recent report from Verizon, small business organizations are the most common victim of data breaches, with 58% of companies reporting that they have had experience a data breach incident for the past 12 months. According to the same report, 73% of the breaches were caused by outside threats, while 50% came from organized criminal groups, and 12% involved nation-state or state-sponsored actors.
With such staggering statistics, we can imply that a data breach is not what most people think to happens only to big companies. As more and more small businesses utilize the internet and digital platforms to gather, process, and store data – such as customer’s banking information or classified business information – it is clear why this sector has become the favorite target of hackers.
If you own a small business and still think that your company is safe against data breach, then you need to think again. To give you more insight about the severity of damage that data breach can inflict into your own business, here are the key takeaways of the infographic from Telemessage, which listed down the top data security breaches in history:
- Home Depot
- JP Morgan and Chase
- Heartland Payment Systems
To know more about how these companies were inflicted by the worst data security breaches in history, check out the infographic below.
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