December 17, 2014 By Jaikumar Vijayan 3 min read

Technology experts are sure to look back at 2014 as a watershed year for data breaches. Seldom has there been a 12-month period in which so many major companies experienced so many significant data compromises. The incidents have shredded assumptions about the preparedness of modern businesses to withstand cyberthreats and are sure to prompt major revisions in corporate security strategies over the next few years.

In a sense, the string of breaches began with the intrusion at Target late last year and then continued in relentless fashion through 2014, culminating with the devastating attack on Sony Pictures in late November. The following are five of the most significant breaches in terms of scope and the nature of the intrusion:

JPMorgan Chase

Few incidents caused as much consternation within the security industry and among lawmakers than the intrusion at JPMorgan Chase in September, which exposed the names, addresses, Social Security numbers and other data from a staggering 83 million account holders. Experts have warned that the personally identifiable information that was compromised in this incident could enable widespread identity theft and financial fraud for years to come. The fact that the nation’s largest bank — and a company that spends $250 million annually on cybersecurity — could still be compromised in such spectacular fashion sent shock waves through the industry and pushed some lawmakers to open investigations into cyberpractices at major banks.

Sony Pictures

November’s cyberattack on Sony is sure to go down in the annals of cybercrime as one of the worst ever in terms of scope and sheer destruction. Details of the intrusion, performed by a group called “Guardians of Peace,” are still unfolding. Still, the data that has been leaked online by the attackers suggests a complete compromise of its systems. In addition to stealing and leaking five unreleased Sony movies, the attackers have also destroyed data and leaked documents containing details on Sony’s payroll, per-employee severance costs from layoffs this year, performance reviews, executive salaries and even snarky internal email exchanges about major Hollywood actors. The breach could end up costing the company hundreds of millions in financial damages and incalculable reputational damage.

Home Depot

If the breach at JPMorgan Chase was massive, then the one disclosed by home improvement giant Home Depot in September was larger still in terms of compromised records. A total of 56 million credit and debit cards and personal information on an additional 53 million people were exposed in a weekslong intrusion at the company. Apart from its sheer size, the breach was also noteworthy for its eerie resemblance to the Target intrusion months earlier. Just like Target, the data compromise at Home Depot was set in motion when attackers stole login credentials belonging to a third-party vendor used by Home Depot. They then used those credentials to gain a foothold in the retailer’s network.

Community Health Systems

Between April and June this year, unknown intruders stole a total of 4.5 million records containing names, Social Security numbers, birth dates and other personal information belonging to patients of Community Health Systems, one of the nation’s largest health networks. The breach, executed by an advanced persistent threat group based overseas, put people in 28 states at heightened risk of identity theft. This attack highlighted the growing menace that health care organizations face from cybercriminals. Though only nonmedical patient identification data was stolen in this particular incident, security experts predict a surge in targeted attacks against health organizations in the next few years.

Michaels

A total of 3 million credit and debit cards were compromised in a data breach at arts and crafts store chain Michaels earlier this year. What made the breach noteworthy was the fact that the attackers who pulled it off managed to remain hidden on the company’s networks for eight months.

More from

NIST’s role in the global tech race against AI

4 min read - Last year, the United States Secretary of Commerce announced that the National Institute of Standards and Technology (NIST) has been put in charge of launching a new public working group on artificial intelligence (AI) that will build on the success of the NIST AI Risk Management Framework to address this rapidly advancing technology.However, recent budget cuts at NIST, along with a lack of strategy implementation, have called into question the agency’s ability to lead this critical effort. Ultimately, the success…

Researchers develop malicious AI ‘worm’ targeting generative AI systems

2 min read - Researchers have created a new, never-seen-before kind of malware they call the "Morris II" worm, which uses popular AI services to spread itself, infect new systems and steal data. The name references the original Morris computer worm that wreaked havoc on the internet in 1988.The worm demonstrates the potential dangers of AI security threats and creates a new urgency around securing AI models.New worm utilizes adversarial self-replicating promptThe researchers from Cornell Tech, the Israel Institute of Technology and Intuit, used what’s…

Passwords, passkeys and familiarity bias

5 min read - As passkey (passwordless authentication) adoption proceeds, misconceptions abound. There appears to be a widespread impression that passkeys may be more convenient and less secure than passwords. The reality is that they are both more secure and more convenient — possibly a first in cybersecurity.Most of us could be forgiven for not realizing passwordless authentication is more secure than passwords. Thinking back to the first couple of use cases I was exposed to — a phone operating system (OS) and a…

Topic updates

Get email updates and stay ahead of the latest threats to the security landscape, thought leadership and research.
Subscribe today