01 September 2014

Identity Theft Expert

Robert Siciliano - IDTheftSecurity.com

507 | posts 1,298,301 | views 59 | comments

Business Data Breaches Key in Rise of ID Theft

19 April 2012  |  2374 views  |  0

The 2012 Identity Fraud Report: Social Media and Mobile Forming the New Fraud Frontier report released by Javelin Strategy & Research Data Breaches increasing and more damaging – “One likely contributing factor to the fraud increase was the 67 percent increase in the number of Americans impacted by data breaches compared to 2010. Javelin Strategy & Research found victims of data breaches are 9.5 times more likely to be a victim of identity fraud than consumers who did not receive such a data breach letter. The survey found 15 percent of Americans, or about 36 million people, were notified of a data breach in 2011.”

Over the past five years, criminal hackers from all over the world have been targeting huge databases of Social Security and credit card numbers. The endgame for criminal hackers is identity theft. Once they obtain stolen data, their objective is to turn it into cash as quickly as possible. This either entails selling the data to identity thieves on black market forums, or using the information to create new accounts or to take over existing credit card accounts.

According to the Privacy Rights Clearinghouse’s Chronology of Data Breaches, more than 500 million sensitive records have been breached in the past five years. The Chronology of Data breaches lists specific examples of data theft incidents in which personal data is compromised, lost, or stolen: “employees losing laptop computers, hackers downloading credit card numbers and sensitive personal data accidentally exposed online.”

The fundamentals of ID theft protection include:

Software: Antivirus, antiphishing, antispyware. Total protection “all access” suites of protection and full disk encryption

Hardware: Routers, firewall security appliances

Physical security: Commercial grade solid core doors, business security systems, security cameras.

 

 

TagsSecurityRisk & regulation

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Latest posts from Robert

Family Identity Theft is Ugly

29 August 2014  |  779 views  |  0  |  Recommends 0 TagsSecurity

Best Way to Destroy a Computer Virus

27 August 2014  |  693 views  |  0  |  Recommends 0 TagsSecurity

How to tell if your Computer has a Virus

25 August 2014  |  931 views  |  0  |  Recommends 0 TagsSecurity

Prepaid Cards risk of Fraud

22 August 2014  |  1135 views  |  0  |  Recommends 0 TagsSecurity

Beware of 5 Summertime Scams

17 August 2014  |  854 views  |  0  |  Recommends 0 TagsSecurity
name

Robert Siciliano

job title

Security Analyst

company name

IDTheftSecurity.com

member since

2010

location

Boston

Summary profile See full profile »
Security analyst, published author, television news correspondent. Deliver presentations througho...

Robert's expertise

Who is commenting on Robert's posts

Boris Taratine
Michael Rosenstein
Fred Pyziak
Matt Scott
Spyindiavimlesh kumar
Paul Love
Ketharaman Swaminathan
Mike McCormack