Subj : Manufacturing and utilities firms leaked millions more records la To : All From : TechnologyDaily Date : Tue Mar 26 2024 16:15:04 Manufacturing and utilities firms leaked millions more records last year Date: Tue, 26 Mar 2024 16:02:19 +0000 Description: It's been a tough year for manufacturing and utility firms when it comes to security, as ransomware operators continue their unrelenting assaults. FULL STORY ====================================================================== For manufacturing and utilities firms in the United States, last year wasnt great when it comes to securing sensitive data. According to new figures from Comparitech, organizations in these industries have seen more breaches compared to earlier years, more data stolen, and higher overall costs of the incidents. As per the report, last year manufacturing and utility businesses suffered 302 data breaches, and in those incidents they lost more than 87 million records (including customer data) - and the cost of these affected records exceeded $14.4 billion. Ransomware attacks The average number of records stolen per incident is almost 400,000, Comparitech further explained, stating that this represents a 14% increase on 2022s average, which was around 350,000. The most affected state was California, with 34 breaches, followed by Texas (24) and New York (22). Pennsylvania and Colorado, however, had the highest number of records affected - 35.9 and 35.8 million, respectively. This was mostly because some of the biggest organizations suffering data breaches last year had their headquarters in these states. The most common attack type was described simply as hacking, with 125 organizations breached this way. Ransomware was placed second, with 73 recorded incidents. Supply chain attacks (breaches via third parties) rose greatly in 2023, mostly because of the incidents surrounding MOVEit and GoAnywhere managed file transfer software. Utility and manufacturing companies are targeted by both cybercriminals looking for low-hanging fruit as well as sophisticated state-sponsored attackers, the researchers explained. A successful attack against these companies can cause widespread outages and supply chain issues, not to mention putting customer privacy at risk. And thats why this industry remains a key target for hackers in 2024. For this year, the situation isnt looking any better. During the first two months, there were six reported incidents in the manufacturing and utility verticals, resulting in the theft of almost 50,000 records. There were two hacks and four ransomware attacks, the researchers said. Of the four ransomware attacks, only two were confirmed - one against Veolia North America, and another against Muscatine Power and Water. More from TechRadar Pro One of world's largest water utility companies hit by ransomware attack incident seems to have limited impact Here's a list of the best firewalls around today These are the best endpoint security tools right now ====================================================================== Link to news story: https://www.techradar.com/pro/security/manufacturing-and-utilities-firms-leake d-millions-more-records-last-year --- Mystic BBS v1.12 A47 (Linux/64) * Origin: tqwNet Technology News (1337:1/100) .