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News

Poor data security puts identity at risk.

Symantec : 11 July, 2007  (Technical Article)
Information Commissioner report highlights the cost of poor data protection for British businesses and the risks it creates.
Trusted businesses and government organisations with lax security could be putting the personal information of millions of Britons at risk by breaching data protection rules, it has been revealed by the Information Commissioner's Office.

Research from the Information Commissioner's Office suggests that stolen information can be used to facilitate identity fraud and theft, which costs Britons £1.7 billion a year.

"We've seen a number of major breaches amongst retailers and building societies in the last six months, which highlight how a lapse in security and data protection can potentially put thousands of customers details at risk," said William Beer, internet security expert from Symantec.

"With identity theft and ID fraud becoming rife across Britain, it's more important than ever that businesses ensure they put the right security systems in place to protect their customer's details."

Symantec's latest Internet Security Threat Report, which was released in March 2007 revealed that:.

* There is a growing global underworld of criminals and criminal organisations selling stolen personal and financial information.

* There is a variety of information available on this global underworld, ranging from a UK based credit cards from as little as £1.03, through to full identities (US bank account, credit card, date of birth and government issued identification number), which is sold for just £7.22.
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