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Breach Report: 174 Million Records Compromised in 2011

FINANCIAL PRIVACY

October 25, 2012

According to Verizon’s Data Breach Investigations Report, 174 million records were compromised in 855 data breach incidents in 2011, Out-Law.com reports. Calling it “an all-time low” for data breach protection, the report revealed that 96 percent of organizations required to follow the Payment Card Industry Data Security Standard (PCI DSS) that experienced a breach—according to Verizon’s “caseload”—were not compliant with PCI DSS. The Verizon report stated, “We are seeing a continuing trend whereby more of the organizations that fall in the 96-percent tend to be on the small side,” adding, “In many cases, these organizations have either failed to perform their assessments or failed to meet one or more of the requirements.”
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