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One in four data breaches at financial institutions is due to lost devices

One in four data breaches at financial institutions is due to lost devices

by sigismund » 2016-08-26 10:53:05

Only one of the five leakage occurs as a result of hacker attacks.

The cause of every fourth data breaches occurred in financial companies and U.S. banks over the past few years are the lost mobile device, and only every fifth leak was the result of a hacker attack. 14% of incidents occurred by chance, and another 13% were caused by insiders. Cause of some leakage also was the loss of paper documents.

According to the publication The Register, citing security experts at Bitglass, in the last decade, more than 60 organizations from the financial sector (including major banks), have regularly been the victims of leaks. In 2015, financial companies faced with data breaches 87 – 42 more than in 2014. In the first half of 2016 about leaks has managed to tell the 37 banks (5 of them among the twenty largest banks in the U.S.).

One of the largest U.S. financial institutions, JP Morgan Chase, since 2007, been plagued by information leaks. In 2014, the organization announced the most ambitious in the history of its existence the attack that caused the data breach of 83 million customers of JP Morgan Chase.

The Bitglass report compiled on the basis of information obtained in 2006 from public databases and government official documents.
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