Tuesday, March 23, 2010

Hacking, Insider Theft Continue To Be Top Trends

Linda McGlasson, Managing Editor

There have been 171 reported data breaches so far in 2010, and 20 of these involve financial services companies.

This means that in less than one quarter of the year, we already have seen nearly one-third of the 62 banking-related breaches reported in all of 2009.

The numbers are slightly skewed, says Linda Foley of the Identity Theft Resource Center (ITRC), the organization that tracks data breaches, because some of the 20 incidents actually occurred in 2009 but are just now being brought to light - particularly in Maryland, where the state's attorney general's office reported a slew of 2009 incidents on March 1 of this year. "I suspect there will be more [reports] coming," Foley says, "so the trend thus far is we're finally finding out about breaches that are just coming out."

But the new year's breaches are enough to convince observers that last year's trends are continuing. "2010 could be a tough year for everyone," Foley says.


To read entire article, click here - http://www.bankinfosecurity.com/articles.php?art_id=2321

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