It might seem like good news that data breaches in the banking/financial/credit category fell by almost 40% in 2016, but incidents overall set a record within an information world very interconnected.
There were more than 980 U.S. data breaches in 2016, which reportedly exposed the personally identifiable information of more than 35 million individuals, according to San Diego-based Identity Theft Resource Center. That does not include the estimated 1.5 billion records exposed in two Yahoo breaches, which are hard to ignore.
The ITRC defines a data breach as an incident that puts PII at risk because of exposure. For some listed 2016 breaches, the estimated records were not yet reported or unconfirmed, or just became public last year.
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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.).
