Data Breaches are a Growing ID Theft Concern
According to ShareFile, a data breach has become the nightmare scenario for most companies. These incidents can result in severe brand damage, loss of consumer confidence even litigation.
We used to link to a large article at the Privacy Rights Clearing Hosue, but this article is now offline:
"Starting with ChoicePoint's massive data disclosure in February of 2005, the article provides a detailed chronology of this very real and dangerous problem. It's a vast page, it's slow to load. But take the time and scan down the list.
The article is confined to the USA, but, at the date of their last update, 3 November, 2006, the total known number of records containing sensitive personal information involved in security breaches was 97,148,596."
Add to that the unknons and the ones that have not even been detected and this is just scratching the surface.
A recent UK TV documentary monetised a data record as being worth $8 to a scammer, more if it contained bank details, social security (or similar) identifiers, and this known set of data is worth at least $777,188,768.
As a conservative estimate, multiply that by at least 10. That is almost $8bn - Eight Billion Dollars worth of lost data floating about the world.
Our question to you is "How do you know your organisation has not been breached?"