Data Security Risks
The accidental loss or intentional theft of personal and financial informa- tion, including credit card data and Social Security numbers, reached unprecedented levels in 2007, with financial fraud surpassing virus at- tacks as the greatest source of financial loss for business, according to the annual CSI Computer Crime and Security Survey.1
Forty-six percent of organizations surveyed by the Computer Se- curity Institute (CSI) experienced a security incident in 2007.2 In the United States alone, some 79 million records were reported compro- mised, a fourfold increase over the previous year, according to the Iden- tity Theft Research Center .3 Worldwide, more than 162 million electronic records were lost or stolen in 2007, reports Attrition.org.4
REAL-LIFE DATA BREACH DISASTER STORIES:Lost and stolen electronic data added up to big losses in 2007:
LOSSES DRAIN BUSINESSES, DEVASTATE
• When hackers broke into the computer systems of TJX
Companies, the parent company of discount retailers T.J.
Maxx and Marshalls, the credit-card data of some 46 million
customers was grabbed and at least 94 million electronic
records were stolen.