Publication | May 31, 2019
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Risk & Regulatory
By the end of 2018, there were more than 2,000 confirmed breaches, with more than half of those breaches targeting small to middle-market sized businesses. In each of these cases, almost 30 percent were due to internal threat actors, with 76 percent of the attacks being financially motivated1. Within the first two weeks of 2019, Collection #1 revealed approximately 775 million records from various sources were made available for the public to download. A week later, 24 million more financial documents, including mortgage loans and bank statements, were hosted on a web server that did not require a password. It is now safe to say it is no longer a matter of if, but when, companies will experience a cybersecurity incident.