Most of the security breaches in 2009 could have been avoided if security fundamentals had been implemented, according to the Verizon Data Breach Investigations Report, produced in collaboration with the U.S. Secret Service. Criminals are employing advanced data-mining data methods to build more complete identities by "stealing data from public and private data sources that contain both sensitive financial data, as well as other identifiers like health insurance numbers, diagnosis, personal information from social Web sites like Facebook.
According to the annual report, eighty-five percent of all stolen data last year was the work of organized crime; out of 143 million records compromised in 2009, 85 percent of them stemmed from financial service incidents. In addition to organized crime, there was greater incidence of breaches attributable to insiders and social engineering. Financial services accounted for a third of the cases investigated, while hospitality made up 23 percent and retail 15 percent.
Loretta Hunnicutt
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