- SOLUTIONS & SERVICES
The Identity Theft Resource Center (ITRC) released a report for the breaches within the last year. The numbers are unfortunately staggering and present major compliance risk for businesses in nearly every industry.
Overall, 102 + million people were exposed in a total of 315 data breaches. Below is a quick breakdown of the main categories and their associated number of breaches:
As you can see, industries in which you would expect particular attention to be paid to potential compliance risk such as medical or government, actually had the most records exposed. This is particularly troubling and is an indication that most industries are woefully unprepared in the event of a data breach.
These data breaches can have enormous legal, financial and reputational consequences and a proactive governance plan can help to limit compliance risk. Below is an excerpt from one of our recent blog posts that lays out some of these strategies:
An overall assessment of your information governance program is a great first step to protect against compliance risk.