Analysis of 2005 Data Breaches
The Payments News blog referenced a study by ID Analytics about data breaches and ID theft….
ID Analytics has announced findings from its analysis of publicly-available information on 70 data breaches that occurred in 2005 showing that few of the breached identities appeared to be misused for criminal financial gain.
And this from the ID Analytics report…
In the recent analysis of public information on 70 breaches, the most interesting findings included:
* The largest volume of data breach incidents occurred in the education sector (46 percent)
* Fifty-seven percent of the identities breached were in the financial services sector
* Almost 70 percent of the breached occurrences were because someone targeted the organization through hacking or some other method to steal information about consumers
* Of the publicly-reported data breaches during the study period, 77 percent were "identity-level," meaning personal identifiers such as names and Social Security numbers were breached
* The majority of the identity-level breaches, 38 out of 54, were intentional, meaning the breach appeared to be the result of a deliberate theft of identity information from an electronic database
More from Payments News: Analysis of 2005 Data Breaches.
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