So far this year, 505 data breaches have targeted businesses, government agencies and other institutions, exposing more than 139 million records, according to the Identity Theft Resource Center. The sheer number of hacks is evidence of how companies underestimate the threat of a data breach and how the government needs to procure software faster to keep up with the latest cybersecurity technology, says Bruce Schneier, a fellow at Harvard University’s Berkman Center for Internet and Society.