Over the past 11 years, the cybersecurity market rose from $3.5 billion to $75 billion.
By 2020 the market is expected to reach $170 billion, according to research conducted by Cybersecurity Ventures.
In spite of increased cybersecurity investments, hacking techniques are becoming more sophisticated and difficult to detect. A substantial number of companies have experienced major security breaches over the past three years, and until organizations and companies practice the basics of cybersecurity they will continue to remain vulnerable to hackings.
Read on for notable hacks from 2014 through 2016, and learn simple cybersecurity habits that will keep your data safe in 2017 and beyond.
Earlier this year, hackers used a type of malware called Ransomware to shut down the computers and databases of several hospitals around the country until a ransom was paid.
Hospitals store valuable information such as patients’ medical records and necessary treatments, which could mean life or death.
Some hospitals could afford not to pay the requested ransom and waited days until their IT could recover all of their data. Other hospitals didn’t have backup files and were forced to pay, including the Hollywood Presbyterian Medical Center, which paid $17,000 in Bitcoins.
Not only that, medical tools are also becoming more dependent on computer networks, which create the need for greater cybersecurity measures. For more information about cybersecurity and the healthcare industry, catch our blog post next week!
2015: Government Establishments
Hackers targeted all types of organizations and establishments last year and millions of people’s personal records and information were exposed.
Unchangeable human identifiers were released after the Office of Personal Management was hacked in May. Hackers stole valuable information such as social security numbers and the health records from 21.5 million federal workers and contractors. The fingerprint information of 1.1 million people was exposed.
2014: Big Enterprises and Retailers
The world learned that their credit card information could no longer be trusted with any company, no matter the size or reputation. Home Depot, Sony and Target all experienced a data breach and lost valuable customer and company information.
A total of 96 million credit card accounts were stolen from both the Home Depot and Target cyberattacks. Unreleased movies, employee social security numbers, contact phone numbers and more were exposed to the public after the Sony hack.
News stations and papers had a field day when each of these companies were hacked, and the whole country was exposed to and affected by the consequences of poor cybersecurity defenses.
People today are still affected by 2014 cyber breaches. Yahoo announced in September 2016 that over 500 million user account information has been stolen during one of the largest cyberbreaches in history. The cyberbreach was traced back to late 2014.
Follow these tips to protect your private information and avoid a data breach:
– Keep your computer current with the latest patches and updates.
– Choose strong passwords and keep them safe. To learn how to create a strong password, read our blog post!
– Protect your personal information and refrain from submitting information such as your bank account number, SSN or credit card number unless you know that the site is secure.
– Online offers sent to you through email that look too good to be true usually are. So avoid clicking links in emails sent from unknown addresses.
– Consider buying secure phones like Macate’s GATCA Elite. Our highly secure cyberphone guards the personal information and data on your phone with advanced security features.
Visit our site Macate.com to learn more!