"We see the criminals continuing to shift their tactics resulting in the significant drop in the number of victims impacted," Eva Velasquez, president and CEO of the ITRC, said in a release. "We also see a decrease in the number of publicly-reported data breaches and the number of data breaches linked to ransomware attacks." (Credit: William Potter/Shutterstock.com)
Through the first half of 2022, the number of data breaches was down 4% compared with the same period the year prior, according to the Identity Theft Resource Center (ITRC). While on its face the decline is good news, it should be noted that 2021 set a record for the number of data breach events.
Although overall events have dropped in the first half, the ITRC reported a 2% increase in data breaches from Q1 to Q2 2022. While the situation is showing some improvement, cyber rates have continued to grow. MarketScout reported that cyber rates grew the fastest during the second quarter of 2022, increasing 21.3% compared with a 19.7% gain seen in the preceding quarter.
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Steve Hallo
Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
