The number of devastating cyberattacks is surging — and it’s likely to get much worse


There were 918 data breaches which compromised 1.9 billion data records in the first six months of 2017, according to Gemalto. That’s an increase of 164 percent compared to 2016.

Governments around the world are introducing legislation which will force more companies to disclose data breaches.

“Two-thirds of firms breached had their share price negatively impacted. Out of the 65 companies evaluated the breach cost shareholders over $52.40 billion,” said Jason Hart, vice president and chief technology officer for data protection at Gemalto, in a press release.

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