Data breach victims are likely to someday become victims of fraud. Of the $16 billion in total fraud loss for 2016, $8.3 billion came from victims who had experienced a breach in the past 12 months and $12 billion arose from victims who had breached in the previous six years.
These findings come from a Javelin Advisory Services report entitled “2017 Data Breach Fraud Impact Report: Going Undercover and Recovering Data.” Researchers discovered the proportion of breach victims who became fraud victims rose to 31.7%, the highest rate in six years. [Read more…]
Source: Dark Reading