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Non-profit groups list 2007 as worst year ever for personal data theft

For many who work and play online and carry sensitive information on their computers, security and privacy are often major concerns. Unfortunately for all of us, we aren’t the only source of potential information loss when it comes to our own personal information.

Two non-profit groups, the Identity Theft Resource Center and Attrition.org, say that 2007 was a record setting year for data breaches in the United States. Linda Foley, founder of the Identity Theft Resource Center, told the AP, “More of them [companies] are experiencing data breaches, and they're responding to them in a reactive way, rather than proactively looking at the company's security and seeing where the holes might be.”

Foley’s group lists over 79 million reported compromised records in the U.S. from the beginning of 2007 through December 18, 2007. There were about 20 million reported compromised records in 2006.

Attrition.org’s estimates show that about 162 million records were compromised through December 21, 2007 in the U.S. and overseas. Brian Martin from Attrition.org told the AP, “It's just the nature of business, that moving forward, more companies are going to have more records, so there will be more records compromised each year. I imagine the total records compromised will steadily climb."

There is one major similarity between the lists of compromised records held by the two groups: the massive data breach of TJX who owns both Marshalls and T.J. Maxx discount stores. This single security breach accounts for about 46 million of the records on both lists. DailyTech previously reported on this breach that occurred in May of 2007 within the TJX credit card processing system.

Not all breaches of data security are the result of hackers actively breaking into an organization’s servers and stealing information. The personal information of 25 million citizens was lost when the UK government lost two discs that stored the data.



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RE: Consequence
By eye smite on 1/2/2008 12:46:42 PM , Rating: 2
I have to agrree with you. I supported a database designe for insurance agencies. One of the customers was Bank of America. They would not implement anything from us without a thorough screening if the updates and certifications for the developer patches. Reason being, they face stiff penalties from the FDIC if any information is compromised, so they stay very secure because of the consequences.


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