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Data Breach Index Remains High

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Gemalto’s report on data breaches

Gemalto, a digital security solutions provider, has released the findings of its data breach index. The company reported 888 million data breaches in the first six months of 2015, compared to 807 million at the same time last year, an increase of 10%.

Out of the total data breaches, compromised records comprised 246 million, compared to the previous year’s 416 million. State-sponsored data breaches accounted for 2% of the total, whereas malicious outsiders accounted for 546 million breaches, compared to 465 million in the first six months of the previous year.

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Government and healthcare sectors accounted for 31% and 34% of data breaches, respectively. The retail sector has seen a significant fall to 4%, compared to 38% for the same period during the previous year. The United States accounted for 76% of data breaches, nearly half of which included compromised records. In comparison, Europe and Asia represented 10% and 7% of breaches, respectively.

Companies like Adobe (ADBE), eBay (EBAY), JPMorgan Chase (JPM), and Ashley Madison have been the victims of large and highly public data breaches.

Sprint extends relationship with Gemalto

Gemalto has strengthened its relationship with Sprint (S). The company will be managing LTE deployment across the United States with 57.7 million subscribers. Sprint will leverage Gemalto’s Allynis AOTA (advanced over-the-air) solutions to facilitate LTE deployment.

This service will utilize the SaaS (software as a service) platform model to reduce the need for expensive installations, helping Sprint deliver up-to-date mobile technologies, services, and updates to its customers.

Adobe (ADBE) constitutes 0.23% of the SPDR S&P 500 ETF (SPY) and 0.83% of the PowerShares QQQ ETF (QQQ).

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