YONKERS, N.Y. (5/11/15)--More than 70 million American adults had their personal data compromised in 2014, according to projections by Consumer Reports.
In its survey of more than 3,000 U.S. adults, Consumer Reports found that nearly 80% of the breaches were brick-and-mortar compared with 18% who said the activity occurred online.
Last week’s report comes on the heels that one of last year’s merchants to experience a breach--Sally Beauty Supply--was investigating a second spate of “unusual activity involving payment cards” during the week of April 27 (Dallas Business Journal May 4).
In the March 2014 incident, the company said roughly 25,000 customer records were compromised.
CUNA recently launched a national Action Alert encouraging credit unions and their members to send letters of support for the Data Security Act of 2015--legislation that would set standards for entities that handle consumers' personal financial information and outline procedures that must be followed in the event of a data breach.
Data and cybersecurity are top advocacy issues for CUNA, state credit union leagues and credit unions that stress merchants must be held to the same standards as financial institutions in protecting consumer data.
Personal information held by health care organizations is at higher risk of cyberthievery as well. The Ponemon Institute’s fifth annual Benchmark Study on Privacy and Security of Healthcare Data, published last week, found that more than 90% of health care organizations suffered at least one data breach exposing patient data over the past two years (Information Week May 7).
Nearly 45% of all data breaches in health care are linked to criminal attacks--the first time information loss has been associated more often with malfeasance than negligence. Criminal attacks are up 125% compared with five years ago when lost laptops were the leading cause.