Private information breach studies to the UK’s Data Commissioner’s Workplace (ICO) fell by 20% in monetary yr 20/21 in comparison with 19/20. That is based on figures revealed within the ICO’s current annual report, which had been analyzed by the Parliament Road suppose tank.
The report revealed there have been 9532 private information breach studies in the latest monetary yr (20/21), representing a major drop from 11,854 studies made in 19/20.
That is regardless of a huge rise in cyber-attacks during the COVID-19 pandemic and organizations turning into extra susceptible to breaches following the shift to home working in that interval. The ICO cited the pandemic and the introduction of necessary breach reporting from sectors that deal with giant volumes of private information as the first elements within the fall in private information breach studies.
The sector with the very best proportion (16.8%) of private information breaches reported to the ICO in FY 20/21 was healthcare. This was adopted by training and childcare (13.6%), retail and manufacturing (10.9%), finance insurance coverage and credit score (10.5%) and native authorities (8.8%).
Near three-quarters (71.4%) of private information breaches reported to the ICO led to no additional motion, whereas 21.6% had been investigated additional, though no additional particulars on the outcomes of those instances got.
As well as, 3.9% of breaches led to ‘casual’ motion being taken, and simply 0.1% led to formal motion, which incorporates administrative punishment or a lower-tier effective.
Commenting on the figures, Chris Ross, SVP gross sales worldwide for Barracuda Networks, stated, “Whereas the ICO has reported a stunning decline in private information breach incidents this yr, enterprise house owners and employees should not get complacent. Regardless of what the figures counsel, cyber-attacks concentrating on distant employees and companies have elevated in depth over the past 18 months. That is notably as a result of extra workers had been working from residence for the primary time, and thus extra delicate information has been dealt with throughout electronic mail, cloud storage and private units than ever earlier than, presenting a gold mine of alternative for hackers.”