Report: Half a Billion Records Compromised in Data Breaches in 2015

April 14, 2016

Report: Half a Billion Records Compromised in Data Breaches in 2015 The largest publicly reported data breach in history contributed significantly to the total during a year in which more than half a billion personal records were lost or stolen, according to a new report . Security company Symantec said 429 million digital identities were compromised in 2015, but, since the number of companies that chose not to report the number of records compromised in various breaches rose by 85 percent, the real total is well over 500 million.

“The increasing number of companies choosing to hold back critical details after a breach is a disturbing trend,” said Kevin Haley, director of Symantec Security Response. “Transparency is critical to security. By hiding the full impact of an attack, it becomes more difficult to assess the risk and improve your security posture to prevent future attacks.”

While ransomware and fake technical support scams saw significant increases last year, according to the report, in the CNP world, the mountain of data available to cyber thieves has meant an uptick in the past 12-to-18 months in account takeover perpetrated against e-commerce retailers and their customers .

This year’s CNP Expo in will focus on account takeover fraud in multiple educational sessions. Take a look at our entire agenda and register for the CNP Expo today.