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Data Breach is when cybercriminals gain unauthorized access to confidential data or sensitive information like personal details, medical records and financial transactions. They are one of the most common and expensive types of cybersecurity incidents affecting organisations of all sizes across industries and geographies. Companies that have strong data breach defence systems and response plans have been shown to recover from breaches faster with less damage.

Many criminals use stolen data from data breaches to commit identity theft or sell it on the dark web. Individuals whose data is compromised in this way face elevated risks of ID theft for years afterwards, and are often left out of pocket financially. A data breach at a large healthcare organisation could expose patient records and medication history, while a breach at a global travel agency could expose customer flight bookings and itineraries.

Cybercriminals are also targeting the ‘Internet of Things’, a network of internet-connected devices and services that make up the modern world of work, home, and play. These include smart devices that connect to the internet, such as cars, home assistants, digital health monitoring and fitness trackers, wearables and even telemedicine services.

When it comes to the internet of things, the threat landscape is changing rapidly and is becoming more complex and targeted. It’s therefore essential to stay up-to-date with the latest best practice and industry standards. In addition to keeping up with regular updates and patches, organisations need robust cyber risk management processes in place to identify and respond to potential threats.