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.

Endpoint

Study: Data Of More Than 16 Million Americans Compromised By Breaches Last Year

More than a quarter of those notified of a data breach became victims of fraud, Javelin study says

If you've received one of those letters notifying you that your personal data was involved in a corporate security breach, then there's more than a 25 percent chance you will be the victim of fraud in the coming year.

That statistic is one of many revealed in the new study "Data at Rest Is Data at Risk: Confronting a Singular Threat to Three Major U.S. Industries" (PDF), which was published last week by Javelin Strategy & Research.

The study, which was sponsored by anti-fraud vendor Identity Finder, demonstrates a strong correlation between enterprise data breaches and consumer identity fraud. According to the study, more than 16 million Americans were notified of a data compromise affecting their personal information in 2012.

Among those consumers who were notified of breaches in 2012, Javelin found the following:

• 4.4 million Americans were both notified that their payment card information was compromised in a data breach and suffered fraud on their existing credit or debit cards.

• 1.26 million Americans were both notified that their Social Security numbers (SSNs) were compromised in a data breach and became victims of identity fraud.

• 270,000 Americans were both notified that their online banking credentials were compromised in a data breach and suffered fraud on their financial accounts, including checking and savings accounts.

• 324,000 Americans were both notified that their bank account numbers were compromised in a data breach and became victims of fraud incurred against their checking, savings, or other financial accounts.

"By breaching the data stores of businesses in the financial, health care, and retail industries, criminals can obtain the fuel they need to execute various fraud schemes, and these crimes have crippling consequences," said Al Pascual, senior analyst of security, risk, and fraud at Javelin. "Identifying and protecting the sensitive information typically stored by these industries is essential for mitigating the risk of a data breach and, therefore, the risk of financial loss to data custodians, consumers, and third-party businesses."

To protect consumers' and employees' personal information, Javelin and Identity Finder recommend that enterprises seek out and identify sensitive personal information wherever it resides in the corporate network. They also recommend that enterprises maintain strong practices in data classification and risk-based security strategies for sensitive information.

Have a comment on this story? Please click "Add a Comment" 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
Commentary
Ransomware Is Not the Problem
Adam Shostack, Consultant, Entrepreneur, Technologist, Game Designer,  6/9/2021
Edge-DRsplash-11-edge-ask-the-experts
How Can I Test the Security of My Home-Office Employees' Routers?
John Bock, Senior Research Scientist,  6/7/2021
News
New Ransomware Group Claiming Connection to REvil Gang Surfaces
Jai Vijayan, Contributing Writer,  6/10/2021
Register for Dark Reading Newsletters
White Papers
Video
Cartoon
Current Issue
The State of Cybersecurity Incident Response
In this report learn how enterprises are building their incident response teams and processes, how they research potential compromises, how they respond to new breaches, and what tools and processes they use to remediate problems and improve their cyber defenses for the future.
Flash Poll
How Enterprises are Developing Secure Applications
How Enterprises are Developing Secure Applications
Recent breaches of third-party apps are driving many organizations to think harder about the security of their off-the-shelf software as they continue to move left in secure software development practices.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2021-20733
PUBLISHED: 2021-06-22
Improper authorization in handler for custom URL scheme vulnerability in ????????? (asken diet) for Android versions from v.3.0.0 to v.4.2.x allows a remote attacker to lead a user to access an arbitrary website via the vulnerable App.
CVE-2021-20734
PUBLISHED: 2021-06-22
Cross-site scripting vulnerability in Welcart e-Commerce versions prior to 2.2.4 allows remote attackers to inject arbitrary script or HTML via unspecified vectors.
CVE-2021-20735
PUBLISHED: 2021-06-22
Cross-site scripting vulnerability in ETUNA EC-CUBE plugins (Delivery slip number plugin (3.0 series) 1.0.10 and earlier, Delivery slip number csv bulk registration plugin (3.0 series) 1.0.8 and earlier, and Delivery slip number mail plugin (3.0 series) 1.0.8 and earlier) allows remote attackers to ...
CVE-2021-20736
PUBLISHED: 2021-06-22
NoSQL injection vulnerability in GROWI versions prior to v4.2.20 allows a remote attacker to obtain and/or alter the information stored in the database via unspecified vectors.
CVE-2021-20737
PUBLISHED: 2021-06-22
Improper authentication vulnerability in GROWI versions prior to v4.2.20 allows a remote attacker to view the unauthorized pages without access privileges via unspecified vectors.