Breaches in the banking/financial/credit category dropped by 73% so far this year, but breach incidents overall are on a record pace, according to the San Diego-based Identity Theft Resource Center.
As of May 24, 2016, the total on the 2016 ITRC Breach Report hit 420, up 22.1% over last year's record pace for the same period (344). This represents 12,151,764 million records.
Year over year, breaches in the education sector were up nearly 80% over 2015 figures, followed by the business sector, up 46.0%, and the medical/healthcare field, up 18.1%. The government/military sector continued to show a decline from last year's figures, down 16.7%.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Roy Urrico
Roy W. Urrico specializes in articles about financial technology and services for Credit Union Times, as well as ghostwriting, copywriting, and case studies. Also: writer/editor of a semi-annual newsletter for Association for Financial Technology since 1997 and history projects funded by the U.S Interior Department, National Park Service and Warren County (N.Y.).
