375 Million Customer Data Records Compromised in 2014 – Retail Industry Hit Hardest

BALTIMORE, July 30, 2014 /PRNewswire/ — SafeNet, Inc., a global leader in data protection solutions, today released the highlights from its SafeNet Breach Level Index (BLI) for the second quarter of 2014. Between April and June of this year, there were a total of 237 breaches that compromised more than 175 million customer records of personal and financial information worldwide. For the first half of 2014, more than 375 million customer records were stolen or lost as a result of 559 breaches worldwide. The retail industry had more data records compromised than any other industry during the second quarter, with more than 145 million records stolen or lost, or 83 percent of all data records breached. Less than one percent of all 237 breaches during the second quarter were secure breaches where strong encryption or authentication solutions protected the data from being used.

SafeNet also announced the results of a global survey of more than 4,500 adult consumers in which nearly 40 percent of respondents said they would never, or were very unlikely to, shop or do business again with a company that had experienced a data breach. This sentiment increased to 65 percent if the data breach involved customers’ financial and sensitive information.

Q2 Highlights
The Breach Level Index provides details about hundreds of individual data breaches, which can be sorted by source, industry, risk level, and date. Highlights from the second quarter include:

  • In each of the last four consecutive quarters, there has been one major data breach in which more than 100 million records were exposed.
  • 175,655,228 records were stolen in the second quarter. This equates to 1,951,724 records stolen per day; 81,321 stolen per hour; and 1,355 records stolen every second.
  • Malicious outsiders are targeting businesses’ most critical records. They are responsible for compromising 99 percent of the records and 56 percent of the incidents this quarter, more than any other source.  
  • Healthcare incurred 23 percent of incidents, more than any other industry, but only accounted for 782,732 records lost or less than 1 percent of all records stolen during the quarter.
  • Identity theft was the leading cause of breaches with 58 percent of all incidents and 88 percent of records stolen.
  • Encryption was used in only 10 of the 237 reported data breach incidents. Of those, only two could be classified as secure breaches in which encryption restricted the access of stolen data.
  • The U.S. accounted for 85 percent of records compromised worldwide and 74 percent of all reported incidents, more than any other country. Germany followed with 10 percent of all records stolen.
  • Three of the top five breaches were based in the U.S., with the other two breaches occurring in Europe.
  • Government was the second least secure sector after retail, accounting for 11 percent of all records that were lost or stolen. The Department of Veterans Affairs incurred the most breaches, having been hacked during each quarter of 2014.
  • Financial services breaches decreased significantly from the first quarter, down from 56 percent to less than one percent of records stolen in the second quarter.

“Even amidst continued warnings about data security, the breach epidemic is trending in the wrong direction. 2014 has proven to be more of the same, with 375 million customer records stolen in the first six months alone,” said Tsion Gonen, chief strategy officer, SafeNet. “While it’s not surprising that sophisticated cybercriminals are gaining access to critical data stores, what is surprising is that only one percent of breached records had been encrypted. The benefits of encryption have been known for some time, but companies just aren’t doing it. It’s the security industry’s equivalent of flossing your teeth. Everyone knows it’s good for you and the technology is proven, but only a small percentage of companies do it well.”

About the Breach Level Index
The BLI provides a centralized, global database of data breaches and calculates their severity based on multiple dimensions, including the type of data and the number of records stolen, the source of the breach, and whether or not the data was encrypted. By assigning a severity score to each breach, the BLI provides a comparative list of breaches, distinguishing nuisances from truly impactful mega breaches. Information populating the BLI database is based on publicly available breach disclosure information.

SafeNet first collaborated with industry analyst firm IT-Harvest in 2013 to develop the logarithmic formula used to determine breach severity. When calculating the severity of data breaches, the BLI factors in multiple inputs, including data type, number of records stolen, breach source, and if the high-value data remained secure after the breach was discovered. These inputs are then processed through a proprietary algorithm that produces an index number, with one (1) being least severe and 10 being most severe.

Resources

About SafeNet, Inc.
Founded in 1983, SafeNet, Inc. is one of the largest information security companies in the world, and is trusted to protect the most sensitive data for market-leading organizations around the globe. SafeNet’s data-centric approach focuses on the protection of high-value information throughout its lifecycle, from the data center to the cloud. More than 25,000 customers across commercial enterprises and government agencies trust SafeNet to protect and control access to sensitive data, manage risk, ensure compliance, and secure virtual and cloud environments. Learn more about SafeNet on Twitter, LinkedIn, Facebook, YouTube, and Google+.

Note: Information in the Breach Level Index is collected from public sources. SafeNet provides this information “as-is”, makes no representation or guaranties regarding this information, and is not liable for any use. A secure breach is categorized as a breach in which strong encryption, key management, and authentication solutions protect the data from being accessed during an attack.

SafeNet Media Contact:
Amanda Curtis
(443) 327-1276
amanda.curtis@safenet-inc.com

Anina Steele
+441276608055
Anina.Steele@safenet-inc.com

Photo – http://photos.prnewswire.com/prnh/20140729/130782

Orion Telekom Selects Cambium Networks ePMPā„¢ For Its IP Television Network Roll-Out

ROLLING MEADOWS, Ill., July 30, 2014 /PRNewswire/ — Cambium Networks™, a global leading provider of wireless broadband solutions, today announced that it has signed an exclusive multi-year agreement with Orion Telekom to supply wireless broadband network infrastructure. The first ePMP 1000 installations for Orion will support its new IP television service offering.

Logo – http://photos.prnewswire.com/prnh/20140613/117974

With over 100,000 residential broadband Internet users, Orion Telekom is the leading private Internet service provider in Serbia and one of the largest in Central and Eastern Europe. Since its inception in 2010, Orion’s customer base and its desire for high-quality VoIP, data and video services has grown beyond what its original network could offer. In Cambium Networks, Orion has found a partner that can quickly, reliably and cost effectively increase network performance and throughput to satisfy its growing market share of enterprise and residential subscribers.

“Due to our planned expansion into IP television services across Orion’s client base, we selected the ePMP 1000 platform to increase network performance. We found its performance characteristics well suited to this service offering and to our network needs, as we grow into larger and denser areas requiring a high-performance solution,” said Slobodan Djinovic, CEO, Orion Telekom.

Since launching ePMP in October 2013, Cambium Networks has continued to evolve the platform with enhanced features and functionality based on direct customer feedback. In May, Cambium announced ePMP’s latest release incorporating eFortify™, which helps customers recognize and react to external interference, and eCommand™, a suite of management tools to plan, provision and monitor the network. Both offer greater visibility and control over network deployment. GPS Sync, a self-interference mitigating technology built into ePMP, allows users to maximize available spectrum and manage up to three times the network capacity of non-sync solutions.

Critical portions of Orion’s existing network will be replaced with Cambium Networks technology; facilitating this migration are Cambium Networks engineers, who will provide Orion with network design, optimization and system integration services.

“As operators in developing communities expand to provide carrier-class services, Cambium Networks’ proven wireless broadband technology allows for operators to easily upgrade their networks and plan for future growth. We are confident that ePMP will afford Orion the right balance of performance and cost effectiveness to continue its expansion in Serbia and beyond,” said Martin de la Serna, vice president sales, EMEA, Cambium Networks.

To find out more about Cambium Networks go to www.cambiumnetworks.com, or follow @CambiumNetworks on Twitter and like us on Facebook for industry updates.

Additional information:
Product page: ePMP
Download Release 2.1 at: ePMP Software
The Transition from Unsynchronized to GPS Synchronized Networks – Finally Explained: Read the white paper
Understanding Throughput Capacity: Read the white paper

Venture & Growth Equity Professionals Tap into Technology Investment Opportunities at Growth, Innovation and Leadership Event

MOUNTAIN VIEW, Calif., July 30, 2014 /PRNewswire/ — Frost & Sullivan, the growth partnership company announced that its flagship Growth, Innovation and Leadership (GIL) event in Silicon Valley will feature a program for the firm’s investor, advisor and economic development clients for the first time. This program is designed to help investment professionals identify the most attractive opportunities in new technologies and markets, and tap into networks driving innovation across different applications and business models globally.

Frost & Sullivan’s global community of senior executives will convene at this year’s GIL 2014: Silicon Valley event on September 15 to 17, 2014 at The Fairmont in San Jose, California. Participants will share, engage and inspire a continuous flow of new ideas, along with fresh perspectives to address global challenges. The Investor program will run on Tuesday September 16 and will focus on the innovation space for venture and growth capital investors and advisors.

“We have run a number of investment opportunities events around the world, which have been extremely well-attended and highly rated by our financial clients, so I am delighted that we are offering this program within the framework of our GIL Silicon Valley event this year,” said Frost & Sullivan Global VP of Financial & Business Services Andrew Calvert. “Our goal is to bring together the latest market coverage, and expertise as well as our advisory capabilities and understanding of a commercial advisor. GIL’s depth and breadth coverage leverages tremendous granularity of work across various markets and seeks to identify subjects that are not widely recognized or priced in to public markets.”

The Investor program will showcase analysis from Frost & Sullivan’s Technical Insights group which provides intelligence and analysis across multiple categories, including emerging and disruptive technologies, patents, R&D breakthroughs, and future market forecasting and impact analysis.

“We recently completed our annual TechVision analysis, where 503 technologies were profiled using a rigorous quantitative assessment and the 50 most impactful technologies selected, will be highlighted at GIL,” said Frost & Sullivan VP Technical Insights Leo O’ Connor. “Additionally, the Investor program will dissect four trending topics with a detailed drill-down of the ecosystems, challenges, developments, players and investments. We are excited to share these insights with our investment clients and have them participate and contribute to this discussion in a much greater way this year.”

If you would like to discuss attending, participating or sponsoring the event, please email: gilglobal@frost.com

NetComm Wireless Wins Multiple Awards for Innovation

SYDNEY, 30 July, 2014 /PRNewswire/ — NetComm Wireless Limited (ASX: NTC) has again been named ABA100 Winner of three categories in the Australian Business Awards 2014: Business Innovation; Product Innovation and Best Industrial Product. This is the third consecutive year that NetComm Wireless has won the Business Innovation and Product Innovation categories, and the second that it has won the award for Best Industrial Product.

The Business Innovation award recognises NetComm Wireless’ culture of innovation and outstanding commitment to pioneering wireless communication technologies for the global Machine-to-Machine (M2M) market. The Product Innovation award reflects the success of NetComm Wireless’ ‘Light Industrial’ product series in providing diverse industry sectors with simple and economical remote management capabilities; and the 3G Smart Meter Module was named Best Industrial Product for its unmatched adaptability, functionality and demonstrated success as the intelligence component of one of the world’s largest smart meter rollouts.

“It is a tremendous honour to have won three categories of the Australian Business Awards,” said David Stewart, CEO and Managing Director of NetComm Wireless.  “Our local R&D engineering team have delivered innovative wireless Machine-to-Machine products that are recognised globally, and we are thrilled to have received such highly regarded accolades for our commitment to innovation in the business, product and industrial categories.” 

The Australian Business Awards are a national, all-encompassing awards program honouring Australia’s business, innovation and technology leaders through the recognition of their ground-breaking vision, innovative products and exemplary execution of projects, technologies, service, programs, systems and other initiatives. The program engages with leading corporate, government and non-government organisations providing regional recognition with a global significance through an established set of business and product award categories.

Ms Tara Johnston, Program Director, says, “With a modernised economy we are experiencing notable change in business with new market and social needs expanding rapidly. The ABA100 Winners are reflective of a nation-wide commitment to innovation and improvement, with the award honouring their evident traction within their respective industries.

“As markets become more informed, organisations are required to be responsive and dynamic in order to create functional, sustainable processes and future-proof products. The program places value on a proactive approach to instigating long-term solutions and generating positive outcomes to ensure a bright economic future for Australians, through the recognition of demonstrated commitment to putting bold ideas into motion and creating products that matter,” Ms Johnston adds.

About The Australian Business Awards

Conducted annually, The Australian Business Awards are now in their ninth year with one hundred winners (“The ABA100”) announced in a variety of established categories across all industries. Working continuously to develop a robust and dynamic framework of assessment, organisations are able to review their business and product performance, identify their strengths in a growing knowledge economy and ultimately provide a platform for reputation enhancement and brand exposure by publicly acknowledging organisations for their valuable contributions and innovative products. The business award categories are open to the corporate, government and non-government sectors. The product awards open to tangible or intangible products ranging from manufactured goods, devices, equipment, services, programs, projects, activities, information, knowledge, software, platforms and systems. For more information on The Australian Business Awards (ABA100) go to www.businessawards.com.au.

About NetComm Wireless Limited

NetComm Wireless Limited (ASX: NTC) is a leading developer of innovative broadband products sold globally to telecommunications carriers, core network providers and system integrators. For 32 years NetComm has developed a portfolio of world first data communication products, and is a respected global provider of 3G and 4G wireless devices servicing the major telecommunications carrier, Machine-to-Machine (M2M) and Rural Broadband markets. NetComm’s products are designed to meet the growing needs of today’s diverse home, business and industrial broadband applications and designed to optimise the performance of global network advancements. Headquartered in Sydney, Australia, NetComm has offices in the US, Canada, UK, New Zealand, the Middle East and Japan. For more information about NetComm visit: www.netcommwireless.com

Frost & Sullivan: Critical Communications LTE is a New and Challenging Market Opportunity for Mobile Operators in Europe

LONDON, July 30, 2014 /PRNewswire/ — Critical communications users in Europe, such as emergency services and transportation, are impatient to incorporate mobile broadband data into their daily operations. For the first time, public mobile network operators (MNOs) have the chance to provide mission-critical services to this specialised market segment — if they are willing to meet its demanding requirements.

Analysis from Frost & Sullivan, Mobile Broadband for Critical Communications in Europe, finds that public safety operators (PSOs) and their customers are evaluating options for the adoption of LTE. Dedicated, harmonised spectrum is not currently available in the region, so the opportunity falls to commercial MNOs to provide shared access to their infrastructure.

“Critical communications users are long overdue the benefits of LTE,” said Frost & Sullivan Information & Communication Technologies Senior Industry Analyst Sheridan Nye. “Consumers are accustomed to receive streaming video to their smartphones. But emergency services and other agencies are frustrated by the limitations of narrowband data over their dedicated networks, which are highly resilient but designed primarily for voice.”

“MNOs have an opportunity to monitise their LTE investments, directly through providing premium managed network services or via MVNOs and/or hosted evolved packet cores,” adds Nye. “Further opportunities will open up for a range of market participants to provide systems integration and applications development and hosting.”

A low-risk incremental alternative in the near-term is for PSOs to establish mobile virtual network operators (MVNOs) for 3G/4G data. Mobile broadband enables exciting use cases such as body-worn cameras, advanced navigation and augmented reality applications. An MVNO can also function as a platform for applications innovation.

However, the sector remains cautious as public mobile networks are not yet engineered for resilience and advanced voice features that critical communications users require. The challenge for operators is to decide whether they can recoup this additional investment from what is a niche market in comparison to their consumer customer base.

Another consideration is the coexistence of LTE with dedicated networks such as terrestrial trunked radio (TETRA). PSOs continue to make substantial investments in this infrastructure, which could persist for at least another 10 years in many markets.  LTE as a full replacement of TETRA and its variants will require standardisation of voice-over LTE (VoLTE) — either formally or via market acceptance of vendor solutions.

“MNOs and LTE vendors across Europe are partnering with their counterparts in the traditional professional mobile radio space to address this specialised market,” noted Nye. “Operators must assure potential customers that they will make the necessary investments in LTE coverage, resilience, capacity and functionality, even outside densely populated areas.”

For more information on this study, please email Edyta Grabowska, Corporate Communications, at edyta.grabowska@frost.com.

Mobile Broadband for Critical Communications in Europe is part of the Mobile & Wireless Communications (http://www.wireless.frost.com) Growth Partnership Service program. Frost & Sullivan’s related studies include: Next Generation Enterprise Mobility Management Market Insight, Will Mobile Operators Step Up to the UK’s Public Safety Challenge?, and Mobile Broadband Race Sustains Pressures for Smart Tariff Pricing and Positioning in Russia. All studies included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants.

Our “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

  • The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
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Mobile Broadband for Critical Communications in Europe

MA6A-65

Contact:
Edyta Grabowska
Corporate Communications — Europe
P: +48-22-481-62-03
E: edyta.grabowska@frost.com 

http://www.frost.com