Fri 30 Jul 2010
Data Breach Risk Still Top for Financial Services
Posted by under Emerging Risks , Technology , Tech , Data BreachNo Comments
Data breaches continue to occur within all types of organizations, some more than others, according to a just-released report from Verizon Business and the U.S. Secret Service.
The 2010 Verizon Data Breach Investigation Report found that financial services, hospitality and retail still comprise the “big three” of industries affected (33 percent, 23 percent and 15 percent respectively) by data breaches.
A growing percentage of cases and an astounding 94 percent of all compromised records in 2009 were attributable to financial services, the report revealed.
For companies trying to manage this risk, the good news is that the overall number of data breaches declined in 2009.
According to the report, some 143 million records were compromised in breaches investigated in 2009, a 50 percent drop from over 360 million compromised records in 2008.
As was the case in the previous year, most of the losses in 2009 came from only a few breaches. The average number […]
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