Linda McGlasson of BankInfoSecurity.com provides an analysis and commentary, based on ITRC’s statistics for this year.
There have been 356 data breaches so far in 2009, according to the Identity Theft Resource Center (ITRC). And 46 of those breaches have involved financial institutions – up from 34 at this same time last year.
In reviewing these 46 incidents (see interactive timeline w/details of each breach), one finds goods news and bad, according to ITRC executive director Linda Foley.
The good news, Foley says, is that, based on percentages, financial institutions consistently have lower percentages of data breaches than other organizations. “This means they’re doing a better job of controlling and protecting their data,” she says.
The bad news is when financial institutions – or their third-party service providers — are breached … it’s big.
Read more on BankInfoSecurity.com