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Accidental data breaches remain the leading cause of loss

Although ransomware gets more publicity, accidental data breaches account for major losses, according to a new report.

By Claire McInerny | Updated on August 07, 2017
Unintended data disclosure continues to plague many companies. Photo: Getty Images

Ransomware attacks continued to increase during the first half of 2017, up 50 percent over the first half of 2016, but accidental breaches remain an enormous factor, according to a new report from Beazely. The cyber and data breach insurance  company, which has collected data on cyber breaches since 2014, found that the number of breaches continue to increase, suggesting companies aren’t adapting their security measures to properly protect data.

Accidental breaches caused by employee error or issues occurring while data is controlled by third-party suppliers accounted for 30 percent of overall breaches, while those those resulting from hacking and malware attacks make up 32 percent of all breaches.

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