Press release
R Stratetgic Global - Businesses lost $ 1.6 Trillion due to data breach in 2017
Global Data Privacy, Data Protection & Human Rights Report, 2018
The Global Data Privacy, Data Protection & Human Rights Report, 2018 evaluates that the direct and indirect cost of losses incurred by businesses due to data breach in 2017 amounts to 1.6 trillion USD. The amount of losses incurred in 2017 is the highest since the evolution of the Fourth Industrial Revolution.
www.rstrategic.global/report-details/global-data-privacy-data-protection-human-rights-report-2018-97/
The report has evaluated total losses due to data breaches by taking various variable including – the number of total data records lost in data breaches, the probability of being attacked as per the type of industry and calculated the financial impact on businesses due to a single data record breached.
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 the global digital economy; hence, it is obligatory for all the stakeholders to collaborate and mitigate the rising risks.
The Global Data Privacy, Data Protection & Human Rights Report, 2018 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.
www.rstrategic.global/report-details/global-data-privacy-data-protection-human-rights-report-2018-97/
The report mentions that governments and International Organizations are highly prone to be attacked, as they have the most important information and data related to the citizens of the country. The analysis of such findings in the report is made by evaluating the patterns in data breaches in the last decade.
R Strategic Global is a Think Tank that focuses on the lacuna that is arising in this digital epoch. We provide a holistic research analysis on existing and upcoming issues in the field of internet and emerging markets. We construct concrete grounds with which customers, businesses, and governments can embrace and then implement at their best to create a sustainable future.
R Strategic Global ║ connect@rstrategic.global ║+91-755-493-493-6
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