Corporate data breaches raise the risk of consumer ID theft
If a company, bank of hospital handling your private details has suffered a data breach, you are four times more likely to have your identity stolen. So if you have received a notification letting you know your data has been exposed, you should acknowledge the greater risk for ID theft or fraud, says a recent study by Javelin Research and quoted by DarkReading.
This new report comes to completely contradict breached companies breached who commonly state they have no indication that the compromised data has been used by criminals.
“During each of the past three years, an average of 11 percent of consumers received a breach notification,” Javelin said. “Slightly more than 33 percent of breach victims experienced exposure of their Social Security numbers, and 15 percent of breach victims had their ATM PINs compromised. [But] despite 19.5 percent of breach victims suffering some kind of fraud in the past year, only 2 percent attribute their fraud to the breach.”
