Countries concerned about the sudden surge in data breaches
Data breaches have been a major concern these days. While most countries have already implemented privacy laws to protect the data of their users and others are adopting such laws in the interest of their citizens. A recent study by Surfshark a cybersecurity company has reported a sudden surge in cybercrime incidents in the third quarter of 2022. As compared to the last quarter, data breaches have increased by 70% worldwide. One of the possible reasons for the sudden surge in data breaches across the globe is the slow growth rate recorded in the first half of 2022.
The third quarter of 2022 registered a total of 108.9 million accounts breaches. Russia, France, Indonesia, United States, and Spain are the top 5 countries that are the victims of data breaches in Q3 2022. As per reports, the United States had been leading the league for the last few years in terms of data breaches and cyber-crimes. Amidst the ongoing war and other conflicts in Russia, the country has become the latest target for the attackers and has taken the lead for being the most breached country in Q3 2022.
On the other hand, Europe also became a victim of the data breach in Q3 2022 accompanied by Asia, Africa, North America, South America, and Oceania. As per the study by Surfshark, Russia targeted European countries and contributed to 40 % of the data breach in Q3.
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In view of the massive data breaches on a large scale, the Indonesian Government has decided to implement a data privacy law. This decision comes after Indonesia recorded a hike in breached user accounts. Due to the increase in cybercrimes, countries like Europe & Brazil have also introduced data privacy laws. India is also planning to bring data privacy laws to secure the data of its citizen. Indian government has recently withdrawn the Personal Data Protection Bill, 2019 in order to introduce a comprehensive legal framework.
Such laws help to safeguard users’ personal data against threat actors who are constantly looking for opportunities to exploit and misuse users’ data for their personal advantage.
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Some of the most common methods used by threat actors to breach data:
- Brute Force
- Keyword Stroke
- DDOS attack
Data breaches may involve loss of financial as well as personal data such as contact details, bank account details, debit/credit card details, files, photos, and other sensitive information pertaining to a user. To safeguard data and privacy, companies should take preventive measures to avoid cybercrimes.
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