The loss or theft of personal data such as credit card and Social Security numbers is soaring to unprecedented levels, and the trend isn’t expected to turn around anytime soon as hackers stay a step ahead of security and laptops disappear with sensitive information.
Data Theft Soars to Unprecedented Levels
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Data Theft Soars to Unprecedented Levels
A Wired article reports on data loss in 2007, and the numbers aren’t good. Credit card and social security theft was at an all-time high, with even more losses expected in 2008. Information thieves, it seems, are just one step ahead of IT security. “While companies, government agencies, schools and other institutions are spending more to protect ever-increasing volumes of data with more sophisticated firewalls and encryption, the investment often is too little too late. ‘More of them are experiencing data breaches, and they’re responding to them in a reactive way, rather than proactively looking at the company’s security and seeing where the holes might be,’ said Linda Foley, who founded the San Diego-based Identity Theft Resource Center after becoming an identity theft victim herself.”
Read more of this story at Slashdot.
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