How You’re Affected by Data Breaches (2024)

How You’re Affected by Data Breaches (1)Data breach; it’s something we hear in headlines all the time. Cybercriminals expose the sensitive information organizations obtain from individuals. But, just how real is this threat, and what can your organization do about it?

In the first six months of 2019, there were over 4.1 billion compromised records resulting from 3,800 publicly disclosed breaches (Forbes). These records include email addresses, passwords, and other sensitive data. And, while the numbers are staggering, the techniques cybercriminals use to gain access to this data are often basic. By following a few simple best practices, your organization can avoid becoming the next victim of a data breach.

Breach impacts

Data breaches hurt both individuals and organizations by compromising sensitive information. For the individual who is a victim of stolen data, this can often lead to headaches: changing passwords frequently, enacting credit freezes or identity monitoring, and so on. Depending on their due diligence efforts to protect the data in the first place, the organization which was compromised may be on the hook for the cost of monitoring services for victims after a breach. They will also be responsible for notifying victims about what information was stolen during the breach.

Altogether, it can be an expensive lesson in data security – IBM reports that the average cost of a data breach is almost $4 million USD. And, there’s the non-monetary cost of a tarnished reputation. Certainly, data breaches are one case where “an ounce of prevention is worth a pound of cure.” So what does prevention look like? Let’s explore.

Awareness training is paramount

The number of data breach victims rises every day. Prevent them by starting at the individual level with security awareness training. Cybercriminals continuously leverage phishing and other social engineering techniques to gain unauthorized access to systems and data. By teaching yourself and others in your organization how to spot and avoid a phishing email, you can go a long way towards preventing a successful breach.

How You’re Affected by Data Breaches (2)Newsletter: How to Spot Phishing Messages Like a Pro

Organizations should also implement a policy for suspicious emails so employees know what to do. For example, they may be instructed to contact the Chief Information Security Officer (CISO) or IT security team.

It’s easy to get overwhelmed by the cybersecurity programs available today. AI-powered, Machine Learning-enabled, Blockchain-ready; add in the security regulations required by many industries, and it can seem like too much. But don’t despair – or worse, give up on security altogether. You can build a cyber defense program from the ground up by following prioritized security best practices such as the CIS Controls.

The CIS Controls provide step-by-step prioritized security actions to help organizations defend against cyber threats. They walk an organization through security concepts like asset management, application whitelisting, and penetration testing. The best part? They’re free to download and implement to secure your organization.

Download the CIS Controls

For organizations implementing multiple frameworks, the CIS Controls are mapped to popular security programs including NIST CSF and ISO 27001. In fact, many organizations use the CIS Controls as an on-ramp to additional security programs.

Closing configuration gaps

According to Forbes, over 3.2 billion records were exposed as a result of “misconfigured databases and services.” What does that mean? Configuration security can seem complicated, but it really just comes down to the settings of a particular application or operating system. It’s a fact: systems don’t ship securely. They are configured with default settings for convenience or maximizing in-application sales over security. That’s why it’s up to you, the end-user, to examine the settings and implement secure configurations.

So what are the best settings to implement? The experts are on it; cyber defense communities organized by the Center for Internet Security (CIS) regularly develop secure configuration guides called the CIS Benchmarks. The CIS Benchmarks are available for operating systems, cloud infrastructure, mail servers, web browsers, and more. They’re developed through a consensus-based process involving a global network of cybersecurity professionals. Like the CIS Controls, they’re free to download and implement.

Download CIS Benchmarks

Automate, automate, automate

If your organization has multiple endpoints to secure, you should look at automating cybersecurity processes. This can save time on manual assessments while still allowing your organization to build a robust cyber defense program to prevent data breaches. Look for tools that will help you implement a secure baseline – that is, one which is determined by consensus over a single vendor’s perspective.

Organizations implementing the CIS Controls and CIS Benchmarks security best practices can take the next step by leveraging CIS SecureSuite Membership. Over 2,000 businesses and organizations have joined already to improve their cyber defenses.

Check out a recording of our webinar below to learn more.

How You’re Affected by Data Breaches (5)

CIS SecureSuite Membership provides:

  • CIS-CAT Pro, an automated configuration assessment tool that measures endpoint compliance to the CIS Benchmarks and CIS Controls
  • CIS-CAT Pro Dashboard, a companion to the Assessor which shows compliance to the CIS Benchmarks over time
  • Build Kits: shell scripts and Group Policy Objects for quickly implementing secure configurations
  • Access to CIS WorkBench, a Membership resource with features like custom configuration policy creation
How You’re Affected by Data Breaches (2024)

FAQs

How are individuals affected by data breaches? ›

Consequences of a data breach

financial fraud including unauthorised credit card transactions or credit fraud. identity theft causing financial loss or emotional and psychological harm. family violence. physical harm or intimidation.

What are the effects of data breach? ›

Data breach consequences can be significant. Some small businesses never recover from a data breach. Larger businesses often face fines, lawsuits, and the loss of customers, reputation, and employees. Hackers frequently target financial firms because they have personal information that can be sold for a profit.

What happens if you suffer a data breach? ›

The GDPR gives you a right to claim compensation from an organisation if you have suffered damage as a result of it breaking data protection law. This includes both “material damage” (e.g. you have lost money) or “non-material damage” (e.g. you have suffered distress).

What is the biggest impact of security breaches? ›

Direct Financial Losses

Companies face direct costs associated with breach mitigation, legal fees, and compensations, alongside indirect costs like loss of business and diminished share value. For individuals, the risk of identity theft and financial fraud can have long-lasting financial consequences.

What happens to victims of data breaches? ›

Identity theft is one of the most common outcomes of a data breach. A bad actor who has access to your Social Security number, bank account information, credit card number or other sensitive data may be able to open new accounts in your name, apply for loans or commit other kinds of fraud.

How many people are affected by data breaches? ›

In 2023, the number of data compromises in the United States stood at 3,205 cases. Meanwhile, over 353 million individuals were affected in the same year by data compromises, including data breaches, leakage, and exposure.

What are 4 damaging after effects of a data breach? ›

Consequences of a Data Breach
  • Reputational damage;
  • Embarrassment or humiliation;
  • Emotional distress;
  • Identity theft or fraud;
  • Financial loss;
  • Loss of employment or business opportunities;
  • Family violence;
  • Other physical harm and intimidation;

How do I know if I was affected by data breach? ›

One of the best ways to check if you have been hacked is to enter your email into a number of data breach websites that track breaches and verify them as genuine. The websites will tell you if your email and associated passwords were part of any known data breaches.

What are the consequences of breaches? ›

Depending on the type of data involved, the consequences can include destruction or corruption of databases, the leaking of confidential information, the theft of intellectual property and regulatory requirements to notify and possibly compensate those affected.

Have I been a victim of a data breach? ›

6. To check if your details have appeared in any other public data breaches, there are a number of online tools that you can use, such as https://haveibeenpwned.com. Similar services are often included in antivirus or password manager tools that you may already be using.

What is the most common data breach? ›

The 8 Most Common Causes of Data Breaches
  • Weak and stolen credentials.
  • Backdoor and application vulnerabilities.
  • Malware.
  • Social engineering.
  • Too many permissions.
  • Ransomware.
  • Improper configuration and exposure via APIs.
  • DNS attacks.
Apr 19, 2024

What typically happens when a data breach occurs? ›

To define data breach: a data breach exposes confidential, sensitive, or protected information to an unauthorized person. The files in a data breach are viewed and/or shared without permission. Anyone can be at risk of a data breach — from individuals to high-level enterprises and governments.

How do data breaches affect individuals? ›

Data breaches hurt both individuals and organizations by compromising sensitive information. For the individual who is a victim of stolen data, this can often lead to headaches: changing passwords frequently, enacting credit freezes or identity monitoring, and so on.

Which of the following can be consequences of a data breach? ›

Data breaches can lead to financial losses, identity theft, and potential disruption of essential services. Safeguarding against these breaches is crucial to protect personal privacy, financial stability, and institutional integrity.

Why are data breaches harmful? ›

Data breaches often expose highly personal information, including Social Security numbers and passwords. These events, which are a form of cyberattack, enable unauthorized parties access personal details that they can use to potentially harm consumers.

What is data breach risk to individuals? ›

Some common types of risk are identify theft, discrimination and reputational damage to the people whose data has been breached. You need to find out what has happened in your situation and decide if it was the result of human error, a system error, a deliberate or malicious act or something else.

How does a data breach affect customers? ›

They may stop trusting the company completely and instead choose to do business elsewhere. This loss of customer confidence can have long-lasting effects. If a customer chooses to no longer use your services, then they won't return. You'll miss out on potential revenue.

How can data theft impact an individual? ›

For individuals whose data has been breached, the main consequence is that it could lead to identity theft, causing financial loss and emotional distress.

What are two of the most common security breaches that affect individuals? ›

The world of data security breaches is diverse and ever-evolving, but some common types stand out:
  • Access Control Breaches. ...
  • Malware Attacks. ...
  • Phishing and Social Engineering. ...
  • Denial-of-Service (DoS) Attacks. ...
  • Insider Threats. ...
  • Supply Chain Attacks. ...
  • Physical Security Breaches. ...
  • Password Guessing and Keystroke Logging.
May 2, 2024

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