Think You’re Not at Risk of Experiencing a Security Breach? Think Again!

Post on 20-Jun-2015

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Statistics show that legal, insurance and financial offices are at risk for security breaches. They are at risk particularly because of the type of personal and confidential information they collect and store.

Transcript of Think You’re Not at Risk of Experiencing a Security Breach? Think Again!

$3.2BILL ION

IN 2011, IDENTITY

THEFT CRIMES

I N C R E A S E D B Y

13% GLOBALLY

I N C R E A S E D B Y

13% GLOBALLY

IN 2011, APPROXIMATELYIN 2011, APPROXIMATELY

IN 2011, A LEADING FORTUNE 500 COMPANY

HAD A SECURITY BREACH.

ONLINE ACCOUNTS AFFECTED,

WITH OVER

HAD EXPERIENCED AT LEAST ONE DATA

SECURITY BREACH.

HAD EXPERIENCED AT LEAST ONE DATA

SECURITY BREACH.

OF COMPANIES IN THE U.S.85%85% 94%94%

SOURCESwww.creditinfocenter.com/identity/id-theft-stats-2010.shtmlThe State of Data Security Defending Against New Risks and Staying Compliant – p6www.cba.ca/contents/files/statistics/stat_bankbranches_en.pdfwww.cba.ca/index.php?option=com_content&view=publication&id=69&Itemid=56&lang=enwww.cba.ca/contents/files/statistics/stat_creditcardfraud_en.pdfwww.cba.ca/index.php?option=com_content&view=publication&id=69&Itemid=56&lang=enwww.ey.com/Publication/vwLUAssets/Fraud_in_insurance_on_rise/$FILE/Fraud_in_insurance.pdf; p.9www.protectmyid.com/images/education_center/pdf/050TypesofFraud/1_types%20of%20fraud_medical%20study.PDF; p.17

SECURITY BREACHESSECURITY BREACHESCASES OF INSURANCE FRAUD INCREASED

BY

40%40%

TO 2011FROM 2010

EACH YEAR, CORPORATE

IDENTITY THEFT COSTS

U.S. BUSINESSES

$48 B I L L I O N

IT RESULTED

IN A PROJECTED

LOSS OF

IN THE UNITED STATES

CONSUMERSHAS ALREADY BEEN

A V ICT IM OF IDENTITY THEFT.

TO PREVENT FURTHER SECURITY BREACHES, COMPANIES HAVE BEEN INCREASING MEASURES

TO PROTECT THEIR CUSTOMERS ’DATA AND INFORMATION

BOOST IN REPEAT

BUSINESS.

AND

OUT OFEVERY1 1 0

LEADING TO A

100 MILLION

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