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Data breaches yield few ID thefts, survey says |
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Contrary to popular perception, computer data breaches are less likely to result in identity theft and other fraud than off-line causes such as lost or stolen wallets and checkbooks.
That was the finding of a yearlong study of about 5,000 U.S. consumers by Pleasanton, Calif.-based analyst firm Javelin Strategy & Research. Javelin's research showed that despite recent hype, data breaches were responsible for just 6% of all known cases of identity theft, compared to 30% from incidents like losing one's wallet. The study also showed that less than 1% of all individuals whose data was lost later became victims of ID theft.
Javelin's results are similar to those found by other firms that have looked at the relationship between data breaches and actual instances of ID fraud. In a Gartner Inc. study in 2005, for instance, only 18% of identity theft victims attributed the cause to computer breaches, while 41% cited off-line causes. Similarly, a December 2005 analysis by ID Analytics Inc. of four major online data breaches involving 500,000 customer records showed that less than 1% of those affected had their identities stolen.
Read more here.
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