Trend Widespread data breaches eroding trust in digital services

Summary

The report expects widespread data breaches to increase the misuse of personal information, make further crimes easier and erode trust in digital services. Government, healthcare and hospitality are already prime targets for attackers because of the sensitive personal and financial data they hold. The concentration of data in cloud services and the growth of remote working have created new vulnerabilities and deepened existing ones. Breaches lead to financial losses, reputational harm and theft of intellectual property, although their costs tend to be under-reported. The report also links this risk to the collection of human biological data, since sensitive biological data falling into the hands of advanced attackers could harm the people whose data is stolen.