01:57 PM
Connect Directly

2008 Data Breaches: 30 Million and Counting

Roughly 30 million consumers have had sensitive personal data stolen in the 552 reported data breaches so far in 2008, the Identity Theft Resource Center, told BS&T.

The ITRC, a national non-profit organization to help victims of identity theft, provided figures as of this Tues., Nov. 4. They show the breach trend continuing strongly upward since the ITRC reported in September that breaches reported for the first nine months of this year already exceeded those for all of 2007.

Jay Foley, executive director of the San Diego-based organization, said it's hard to say whether this reflects a rise in actual breaches or better reporting of breaches. It is only within the past five years that most states (44) now require that consumers be told when their data has been breached. "Are we having more breaches or more companies stepping up and saying 'we're having breaches'?" Foley asks rhetorically.

Most of the 30,498,740 records exposed this year represent single individuals, Foley explained. "Each is an individual [name and driver's license number/social security number], a credit card number or a financial account number," he said.

Comment  | 
Print  | 
More Insights
Register for Bank Systems & Technology Newsletters
White Papers
Current Issue
Bank Systems & Technology Oct. 14, 2014
Bank Systems & Technology's new Must Reads is a compendium of our best recent coverage of customer analytics. Learn what big data means for banks, meet Wells Fargo CDO Charles Thomas, find out how to connect with your Gen Y customers, and more.
Bank Systems & Technology Radio
Archived Audio Interviews
Join Bank Systems & Technology Associate Editor Bryan Yurcan, and guests Karen Massey and Jerry Silva from IDC Financial Insights, for a conversation about the firm's 11th annual FinTech rankings.