70M Americans victims of compromised data: Consumer Reports

first_img 4SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr More than 70 million American adults had their personal data compromised in 2014, according to projections by Consumer Reports.In its survey of more than 3,000 U.S. adults, Consumer Reports found that nearly 80% of the breaches were brick-and-mortar compared with 18% who said the activity occurred online.Last week’s report comes on the heels that one of last year’s merchants to experience a breach–Sally Beauty Supply–was investigating a second spate of “unusual activity involving payment cards” during the week of April 27 (Dallas Business Journal May 4).In the March 2014 incident, the company said roughly 25,000 customer records were compromised.CUNA recently launched a national Action Alert encouraging credit unions and their members to send letters of support for the Data Security Act of 2015–legislation that would set standards for entities that handle consumers’ personal financial information and outline procedures that must be followed in the event of a data breach. continue reading »last_img read more