Security News > 2022 > April > Over 42 million people in the UK had financial data compromised
Over 42 million people in the UK had financial data compromised.
According to a release from international law firm RPC, the financial information belonging to approximately 42.2 million people in the U.K. was surrendered due to a growing number of ransomware attacks.
"The surprisingly high number of people whose financial data was impacted in the last year shows how cyber-attacks have become endemic," said RPC partner Richard Breavington.
In 2019-2020, 2.2 million people's data was compromised compared to 42.2 million in 2021- 2022, which is a staggering rise of more than 1,700% in just three years.
Once the data is compromised through either malware or ransomware, the cybercriminal network will then sell data in a marketplace and potentially hold financial institutions for ransom.
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