Breach

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Breach

A violation. For trade and legal contexts, see breach of concession agreement and breach of contract.
References in periodicals archive ?
Using machine learning, Egress ensures information is protected relative to the risk of a data breach and reduces user friction to ensure smooth adoption.
The company also confirmed that the Australian data breach was an isolated incident relating to the migration of data for a single Tribal Campus customer in Australia involving a non-production system.
Capital One's data breach is far from the first of its kind, but this situation may be unique as it may have been conducted by an individual with inside knowledge.
"With organizations facing the loss or theft of over 11.7 billion records in the past 3 years alone, companies need to be aware of the full financial impact that a data breach can have on their bottom line--and focus on how they can reduce these costs."
The scope of a data breach opt-out class action would therefore be exponentially wider than the data breach claims so far brought in the English courts, considerably amplifying the potential threat.
Kingsley Hayes, managing director at data breach and cyber security specialist Hayes Connor Solicitors, said: "There is growing awareness of the vulnerability of personal information shared online, however, much more can be done to protect individuals from the damaging effects of a data breach.
In a bid to reduce the number of data violations, the award winning firm is running its #notjusthackers campaign to raise awareness of the devastating effects that a data breach has on individuals by highlighting examples of some of the cases it runs.
However, it later revealed that it had suffered a massive data breach in 2014, prompting a price cut to $4.48 billion.
"The Data Privacy Act is not defense enough to protect users as evidenced by the numerous data breaches like the Comelec, Grab and now FOI data breaches," the lawyer added.
"We have had a number of data breaches, 19 have been reported since May last year.
Though companies may balk at the expense of IT security and other proactive and preventative measures, they are far less costly than a data breach. In Equifax's case, for example, the company has recorded hundreds of millions of dollars in losses and, when lawsuits are factored in, the total could run into billions.
Worldwide, the average cost of a data breach is $3.86 million, and the average cost per lost or stolen record is $148.