Penny Crosman reports:
A report released by KPMG on Tuesday finds that globally, there’s been a 40% increase in the number of publicly disclosed data loss incidents in the past two years. However, financial services firms have seen an 80% decrease in number of incidents in the past five years.
Read more on American Banker. You can find the KPMG report here (pdf). Haven’t had time to read it yet, but it will be interesting to see how their findings compare with QuickView report and other analyses.
Pretty Predictable. If you look back a few years, its simply easier to cover your tracks using individuals information and have a “better” chance at not getting caught, rather than beating on a bank which should, in my opinion get you as many years in jail as if you were standing in the teller line with a gun.
It may well mean the criminals are now seiing that law enforcement and forensic technology is getting better and the ability to make a clean get away is fruitless. Not to mention, alot of the bigger fish have been caught, and the thugs know their underground is not a safe haven anymore.
Cat and Mouse. Lets see who gets tired of it first.