CDSA

Identity Theft Statistics Put Corporate Security in the Hot Seat (IBM Security Intelligence)

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The numbers on identity theft are in, and it’s bad news for businesses. According to the Identity Theft Resource Center (ITRC), of the 174 million records breached in 2017, a staggering 91.4 percent came from corporate database attacks.

Beyond their shock value, however, these identity theft statistics put enterprise security in the hot seat to improve data protection, develop better responses and mitigate future attacks.

Inside the Identity Theft Statistics

It’s easy to find personal data for sale. As noted by TechTarget, a recent scan of Dark Web marketplaces by security firm 4iQ found a 41 GB repository containing more than 1.4 billion stolen credentials, all stored in cleartext. As a result, passwords, usernames, birthdays and Social Security numbers are now a dime a dozen, prompting attackers to seek out and monetize every available scrap of data on business networks.