The Statistics - Privacy Data Breaches in the Workplace

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Two major studies have recently confirmed the scope and consequences of privacy data breaches in the workplace. The Federal Trade Commission and The Identity Theft Resource Center studies arrived at the following conclusions:

• Just in 2005 alone, there were over 150 major incidents affecting more than 57 million people in the U.S.. Highly publicized breaches occurred in the education, retail, pharmaceutical, manufacturing, healthcare, banking, credit, telecommunications, and automotive industries, as well as many government sectors.
  

• Only 11.6% of cases were computer/internet related - The overwhelming majority of privacy breaches resulted from unauthorized access to paper records.

• Child Identity Theft is on the rise - Number of id theft complaints to the FTC doubled in 2004. Last year over 11,600 incidents were reported.

• $10,200 - The average value of purchases made by an identity thief.

• 12.7% - Percentage of the studies’ participants were victims of identity theft at least once in a five year period.

• $4,800 - The average victim’s loss per identity theft incident.

• $53 Billion - Total economic loss in the United States due to identity theft.

• $33 Billion - Total losses to business due to privacy data breaches.

• 175 Hours - Average time spent per victim to resolve theft of their identity.

• 297 Million Hours - The total amount of time lost by ALL identity theft victims in the United States.

 

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JMC Privacy Consulting Group

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. . . One Business at a Time