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Global Data Protection Outlook Report 2018: Global Economy Lost 1.6 Trillion USD in Value Due to Data Breaches - ResearchAndMarkets.com

June 12, 2018

DUBLIN--(BUSINESS WIRE)--Jun 12, 2018--The “Global Data Protection Outlook, 2018” report has been added to ResearchAndMarkets.com’s offering.

Global Data Protection Outlook, 2018 has evaluated total losses due to data breaches by taking various variables including - number of total data records lost in data breaches, probability of being attacked as per the type of industry and calculated the financial impact on businesses due to a single data record breached and other overarching factors.

In the onset of the digital era, privacy and protection of data have become crucial. Global Data Protection Outlook, 2018 evaluates that the direct and indirect cost of losses incurred by the companies due to data breach.

In 2017 the losses amounted to 1.6 trillion USD. The amount of losses incurred in 2017 is the highest to date. The number of breaches in 2017 had increased exponentially during the period 2012-2017.

As per the report, businesses and governments are all data driven. Data is one of the most important intangible asset that any company holds presently. Data is an integral part of the global economy and is a driving force in today’s digital epoch. But there are some major backlashes of so much dependence on data and technology.

The report has highlighted that the sector which faces the maximum amount of financial losses is the health sector. As this sector has the most sensitive data attached to it, it becomes highly vulnerable for the individuals who have shared their health information.

Global Data Protection Outlook, 2018 finds that Governments and International Organizations are highly prone to be attacked, as they have vital information and data related to the citizens of the country. The analysis of such findings of the report are made by evaluating the patterns in data breaches in last decade.

The report mentions the importance of data privacy and protection through various legal frameworks. Along with that it also elucidates the current situations on trans-border data flow and the multinational frameworks that are associated with it. Data protection and privacy are vital for global digital economy; hence, it is obligatory for all the stakeholders to collaborate and mitigate the arising risks. The analysis of the report is one of the key document that can actually help businesses and governments to curb the issue and be proactive before it’s too late and the technology takes a toll on the whole human kind.

Industries Covered

Hackers ISPs Government Telecom Companies App Developers International Organizations Banking and Financial Organizations E Commerce Platforms Social Media Gaming Platforms Messaging and Chat Applications Web Browsers Utility Apps Cyber Criminals Cloud Computing Analytics Firms

Key Topics Covered:

1. A Consumer driven industrial Revolution

2. The Advent of Privacy

3. The Dawn of Digital Transition

4. User: A Global Citizen

5. Privacy Infringement in Todays Smartphone World

6. The Tipping Point - The Privacy revelations

7. Privacy & Dark Web

8. The Indispensable Technology: Of the People, by the People & For the People

9. User: The Irreplaceable

10. Internet of Things

Companies Mentioned

AirBnB Apple Ashley madison Cell 411 Ecwid Facebook Google Kakao Talk Mozilla Firefox Roadi Tabao Taobao Twitter Uber Viber Whatsapp Wish Yahoo Zuum

For more information about this report visit https://www.researchandmarkets.com/research/hwsv7r/global_data?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180612005737/en/

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Related Topics:IT Security,Legal,Data Storage and Management

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT SECURITY

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 06/12/2018 06:41 AM/DISC: 06/12/2018 06:41 AM

http://www.businesswire.com/news/home/20180612005737/en

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