reported data breach Image: Shutterstock

When it comes to data breaches, one might assume that the bigger the attack, the worse the damage. But it turns out the opposite may be true, according to identity security firm Sontiq’s 2021 Mid-Year 2021 Cybercrime Report.

Based on an analysis of data breaches using its BreachIQ product, which looks at the types of data exposed in a breach and assigns it a risk-level score of one to 10, Sontiq said the nine highest-risk breaches of 2021 so far have targeted small- and medium-sized businesses (SMBs). Cyber-criminals, which are targeting SMBs 69% of the time, are then using the data stolen during these lesser-known breaches to commit more cyber fraud, according to the report.

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Natasha Chilingerian

Natasha Chilingerian has worked in the credit union space for over a decade. She joined CU Times as managing editor in 2015 and was promoted to executive editor in 2019. Before that, she served as a communications specialist for Xceed Financial Credit Union (now Kinecta Federal Credit Union) in Los Angeles from 2013-2015, and as a CU Times freelancer from 2011-2013. She has been a professional writer and editor for more than 17 years, specializing in news and lifestyle journalism as well as marketing copywriting for companies in the finance and technology space.

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