Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Risk

Corporate Breaches Increase Chances Of Consumer ID Theft, Study Says

When their data is leaked by a business, individuals are four times more likely to suffer identity theft, Javelin study says

Consumers who have received data breach notifications within the past year are at a much greater risk for fraud than typical consumers, according to a new study.

According to a report published last week by Javelin Research, individuals whose personal information has been compromised in a corporate breach are four times more likely to suffer identity theft or fraud. This result runs contrary to the common mantra among breached companies, which often say that they have no indication that the compromised data has been used by criminals.

"Data breach notifications are intended to help consumers take protective action," said Mary Monahan, managing partner and research director at Javelin. "Notification is critical because consumers are over four times more likely to encounter actual fraudulent transactions if they receive a data-breach notification."

But the Javelin study also indicates that most consumers don't see a direct relationship between breach notifications and identity theft.

"During each of the past three years, an average of 11 percent of consumers received a breach notification," Javelin said. "Slightly more than 33 percent of breach victims experienced exposure of their Social Security numbers, and 15 percent of breach victims had their ATM PINs compromised. [But] despite 19.5 percent of breach victims suffering some kind of fraud in the past year, only 2 percent attribute their fraud to the breach."

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. The report also presents a timeline overview of the most recent and egregious data breaches in U.S. history, with recommendations for how individuals and companies can increase safety.

Have a comment on this story? Please click "Discuss" below. If you'd like to contact Dark Reading's editors directly, send us a message. Tim Wilson is Editor in Chief and co-founder of Dark Reading.com, UBM Tech's online community for information security professionals. He is responsible for managing the site, assigning and editing content, and writing breaking news stories. Wilson has been recognized as one ... View Full Bio

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
Where Businesses Waste Endpoint Security Budgets
Kelly Sheridan, Staff Editor, Dark Reading,  7/15/2019
US Mayors Commit to Just Saying No to Ransomware
Robert Lemos, Contributing Writer,  7/16/2019
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Write a Caption, Win a Starbucks Card! Click Here
Latest Comment: Now this is the worst micromanagment I've seen.
Current Issue
Building and Managing an IT Security Operations Program
As cyber threats grow, many organizations are building security operations centers (SOCs) to improve their defenses. In this Tech Digest you will learn tips on how to get the most out of a SOC in your organization - and what to do if you can't afford to build one.
Flash Poll
The State of IT Operations and Cybersecurity Operations
The State of IT Operations and Cybersecurity Operations
Your enterprise's cyber risk may depend upon the relationship between the IT team and the security team. Heres some insight on what's working and what isn't in the data center.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2018-17210
PUBLISHED: 2019-07-20
An issue was discovered in PrinterOn Central Print Services (CPS) through 4.1.4. The core components that create and launch a print job do not perform complete verification of the session cookie that is supplied to them. As a result, an attacker with guest/pseudo-guest level permissions can bypass t...
CVE-2019-12934
PUBLISHED: 2019-07-20
An issue was discovered in the wp-code-highlightjs plugin through 0.6.2 for WordPress. wp-admin/options-general.php?page=wp-code-highlight-js allows CSRF, as demonstrated by an XSS payload in the hljs_additional_css parameter.
CVE-2019-9229
PUBLISHED: 2019-07-20
An issue was discovered on AudioCodes Mediant 500L-MSBR, 500-MBSR, M800B-MSBR and 800C-MSBR devices with firmware versions F7.20A to F7.20A.251. An internal interface exposed to the link-local address 169.254.254.253 allows attackers in the local network to access multiple quagga VTYs. Attackers can...
CVE-2019-12815
PUBLISHED: 2019-07-19
An arbitrary file copy vulnerability in mod_copy in ProFTPD up to 1.3.5b allows for remote code execution and information disclosure without authentication, a related issue to CVE-2015-3306.
CVE-2019-13569
PUBLISHED: 2019-07-19
A SQL injection vulnerability exists in the Icegram Email Subscribers & Newsletters plugin through 4.1.7 for WordPress. Successful exploitation of this vulnerability would allow a remote attacker to execute arbitrary SQL commands on the affected system.