Vincent Arnold

Crooks are outpacing prevention efforts; ID theft is up 50% since 2003

August 20, 2007 (Computerworld) — Today’s electronic world is a risky place for your personal data — and it’s not getting any safer. More than 158 million data records of U.S. residents have been exposed as a result of security breaches since January 2005, according to The Privacy Rights Clearing House, a nonprofit consumer rights organization.

As fast as banks, merchants and consumers add new layers of security to their storage systems and network, say security analysts, new technologies — or simply careless users — create new security holes that aggressive and sophisticated identity thieves eagerly exploit. The result, says Avivah Litan, a vice president and distinguished analyst at Gartner Inc., is that “things will get worse before they get better.”

Full Article and Source: Computerworld

This entry was posted on Monday, August 20th, 2007 at 6:43 pm and is filed under Information Security.