Digital Wallet Safety ID Theft

Digital wallets, an electronic version of payment cards and accounts, and mobile payment apps have become more popular during the global pandemic. U.S. users jumped from 38 percent to 55 percent of smartphone owners in 2020 because they are more convenient and secure for many consumers. They also help serve an important population: the unbanked and underbanked.  It can be difficult for some households (approximately 7.1 million) […]

A Proofpoint Security study says people who had personal data exposed in a third-party breach were five times more likely to be targeted, contributing to the rise in phishing attacks.

The Identity Theft Resource Center (ITRC) unveiled its 15th annual data breach report, which revealed a 19 percent decrease in breaches and a 66 percent decrease in individuals impacted.  The ITRC 2020 Data Breach Report identifies a trend that cybercriminals are less interested in stealing large amounts of consumers’ personal information.  Threat actors are now more interested in taking advantage of bad consumer behaviors […]

According to a survey by Proofpoint, ransomware attacks are now viewed as the top cybersecurity threat by nearly half, 46 percent, of Chief Information Security Officers.  Cybersecurity firm Emsisoft found that at least 2,354 U.S. government agencies, healthcare facilities and schools were the victims of ransomware attacks in 2020.  The Emsisoft report also reports that more than 1,300 companies lost data, including intellectual property and other sensitive information in […]

The release of the 2020 ITRC Data Breach Report and launch of the ITRC’s data breach tracking tool supports the Data Privacy Day 2021 initiative to help build trust among consumers and promote transparency around data collection practices. SAN DIEGO, January 13, 2021- Today, the Identity Theft Resource Center® (ITRC), a nationally recognized non-profit organization […]

A T-Mobile repeat data breach event resulted from unauthorized access to 200,000 customer accounts, including call records. It is the fourth time T-Mobile has sent a data breach notification since 2018. The T-Mobile data breach in December was the second one in 2020. An investigation into the SolarWinds data hack has not revealed any evidence […]

Last week, FireEye, a cybersecurity provider, revealed their tools to detect and block sophisticated cyberattacks were stolen in a security breach.  This week we learned attackers, believed to be affiliated with Russia’s state security service, infiltrated government agencies and potentially thousands of companies through a software update from IT management company SolarWinds that was issued months ago.  So far, there is no indication that […]

The list for the most common passwords in 2020 is out, released by cybersecurity firm NordPass. The three most common passwords of 2020 are 12345, 123456789 and picture1.   Weak passwords continue to be a security issue. According to Verizon, compromised passwords are responsible for 81 percent of hacking-related data breaches.  To strengthen password security, consumers should change their password […]

By Identity Theft Resource Center CEO, Eva Velasquez & Synchrony CISO, Gleb Reznik In the first ten days of the holiday shopping season, U.S. consumers spent $21.7 billion online, a 21 percent year-over-year increase, according to Adobe Analytics. According to the U.S. Department of Commerce, online sales have traditionally risen between one to two percent per year. […]