Lost Data Doesn't Necessarily Lead to Crimes

Identity Theft
Risk Management

Andrew Miller- BankInfoSecurity.com Editor

The year 2005 will likely go down in history as the year of the data security breach. It was a year in which CardSystems Solutions Inc. revealed a security breach that exposed data on potentially more than 40 million payment-card accounts. DSW Shoe Warehouse disclosed the theft of credit-card data on 1.4 million customers. Information brokers LexisNexis and ChoicePoint revealed breaches involving millions of sensitive records. It was also the year of lost data, with UPS, Citigroup, Bank of America, Ameritrade, and Time Warner all reporting losses of backup tapes containing sensitive data.

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