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Survey: 160,000 Data Breach Notifications Since GDPR

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Survey: 160,000 Data Breach Notifications Since GDPR

Summary

More than 160,000 data breach notifications have been reported across the EU since the GDPR came into force on 25 May 2018, according to a DLA Piper survey. The fines, however, have not proven to have a material impact on large companies as some predicted when the law was enacted.

Report

Analysis

The most notable number regarding data breaches is the one not reported. 160,000 sounds like a large number, but it represents only a fraction of actual breaches that are publicly reported, in part because the largest number of breaches are not known by companies.

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These first ever benchmarks prove good cyber governance matters to shareholder value. They measure stock market performance of companies with good and with bad cyber governance scores. Scores are based on Cyberhedge’s proprietary cyber governance rating methodology. Market performance is tracked by an independent firm. The results show that companies with good cyber governance outperform their peers in US, UK, and EU markets.

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