Costs and Frequency of Breaches on the rise!

Alt Solutions believes strongly in securing private and personal data. Apparently that doesn’t seem to deter attackers from compromising company data. According to a third party, there were approximately 176 million records compromised in nearly 700 breaches to start out the 2014 year.

If that isn’t enough to get your attention, that is the equivalent of over 5 million records a day being stolen for 90 days straight. If these attacks were just in the USA, over 55% of the nation would be affected. If this trend continues, the estimated yearly cost could be between $400 and $500 BILLION dollars.

http://www.csoonline.com/article/2361028/data-protection/176-million-records-compromised-in-q1-2014.html

http://www.csoonline.com/article/2361011/security0/annual-cost-of-cybercrime-hits-near-400-billion.html