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Report: Data Breaches Hike Fraud Risk 400%
Source: CIO - Blogs and Discussion -
Nov 02, 2009


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Summary

By Doug Pollack, Chief Marketing Officer for ID Experts



Because data breaches have become such commonplace incidents, there is concern that people have become desensitized to the potential harm they face upon receiving a notification letter from an organization informing them that sensitive information has been lost or misappropriated.


A recently published report from Javelin Strategies should be a wake up call to those people.


The Javelin report, Data Breach Notifications: Victims Face Four Times Higher Risk of Fraud, is based on multiple years of data and includes updates on 2009 data breaches, implications of changes to the legislative landscape and the technical means by which data breaches occur.


This report should also be heeded by those banks, healthcare organizations, government agencies, insurance companies and others that we entrust with our social security and checking account numbers, birthdates and mothers’ maiden names,  and in some cases our personal health information.


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  • Is there a link between data breach notification letters and id
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