● Covered by 1 source · 1 reportMedium impact
New HIH Index Launches to Track Material Cyber Breaches
Richard Bird has launched the HIH Index to track material breaches, using two ledgers for data collection. The index aims to provide a resource for cybersecurity stakeholders and highlights discrepancies in reported losses over time, emphasizing an increase in companies affected rather than individual breach costs.
Key points
- Created by Richard Bird, cybersecurity executive at Singulr AI
- Tracks breaches via SEC disclosures and media sources
- Grading system distinguishes between verified and inferred data
Introduction of the HIH Index
Richard Bird has unveiled the HIH Index, a new website designed to track disclosed material cyber breaches. This initiative aims to serve cybersecurity professionals, journalists, policymakers, and the general public by offering a centralized resource for understanding the impact of such incidents.
Data Collection Methodology
The index operates with two primary ledgers that update daily, sourcing data from the SEC's EDGAR database and various news articles. The first ledger captures 8-K disclosures required from public companies since 2023, while the second ledger compiles data from news reports and corporate statements.
Grading System for Breach Information
Each entry in the HIH Index is graded based on the reliability of its source. Verified entries come from SEC filings, attested entries from company statements, and inferred entries from news reports. This system helps users assess the credibility of the information presented.
Contextual Data and Reported Losses
The site also features a static reference chart that provides context through annual figures from the FBI’s Internet Crime Complaint Center and IBM’s Cost of a Data Breach report. It highlights that average breach costs remain steady despite a significant increase in total reported losses over the past decade. Bird emphasizes that hacking profitability has not increased despite a growing number of victims.
✨ This summary was generated by AI from the outlets' reporting listed below. It is not independently verified and may contain errors — check the original sources. How BrevFeed works →
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Reporting from
Richard Bird has launched the HIH Index to track material breaches, using two ledgers for data collection. The index aims to provide a resource for cybersecurity stakeholders and highlights discrepancies in reported losses over time, emphasizing an increase in companies affected rather than individual breach costs.