Data Breaches Declined While Consumer Exposure Increased in 2018, Survey Finds

U.S. data breaches were down 23% in 2018 after hitting a record high in 2017. However, the amount of consumer personally identifiable information increased 26% according to an Identity Theft Resource Center (ITRC) report.

Of the five industry sectors tracked, the business category again saw the highest number of breaches (571) for the fourth year in a row. The medical/healthcare industry came in second place (363) but it had the highest rate of consumer exposure per breach.

More than 446 million consumer records were exposed in 2018.

CUNA and the state leagues have been pressing Capitol Hill lawmakers to establish a national data security standard that subjects all entities with access to personal financial data to the same privacy protections as financial institutions under Graham-Leach-Bliley, and holds any entity found responsible for a data breach liable for the resulting card reissuing and fraud costs.