According to sources in the cybersecurity industry, reports of data breaches in the US will decline in 2020 to a lower level than in 2015, despite the fact that hundreds of millions of people and businesses have so far seen them sensitively and confidentially data to be exposed within the current year.
Specifically, the organization stated yesterday in an update for the third quarter of 2020, that the volume of data breaches reported is 30% lower than the corresponding volume of 2019. In terms of individual victims, the percentage is 60% lower, reaching 292 million.
However, the major data breach suffered by the top provider services information technology Blackbaud, may have yielded slightly distorted results, as the single security incident resulted in data loss for hundreds of the company's customers. If this is taken as a series of events, the number of data breaches recorded so far this year would have decreased by only 10% compared to 2019. In addition, the agency added that only a small number of breached Blackbaud customers (58 of them 247) has informed those customers who were affected. Currently, the number of people affected is around 7 million. However, the actual number of victims is estimated to be much higher.
Eva Velasquez, President and CEO of ITRC, stressed that if anyone receives notice for a breach related to the Blackbaud data breach, it should respond immediately as sensitive and confidential information may have been exposed. In addition, the non-profit organization reported that cyber attacks were the main cause of data breaches in the third quarter of 2020, with the Phishing and ransomware be the most common types of attacks. However, if the Blackbaud breach is treated as a series of incidents, then supply chain attacks would be at the top.
According to Infosecurity, a report issued by Risk Based Security in August also noted a reduction in the volume of reported data breaches. However, although their number decreased by 52% in the first half of 2020, the number of exposed files was estimated to be four times higher than in the past.