Half of US Consumer’s Personal Data was stolen in 2021

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It might sound weird! But according to a survey, half of the US Consumer’s Personal Data was stolen or compromised last year. This was revealed in a 2022 Consumer Impact report released by Identity Theft Resource Center (ITRC) on Tuesday this week.

As per the response given by 1371 consumers who were questioned about their experience, it is estimated that half of the population have or might have experienced data theft that was stolen, or compromised in a data breach or misused last year.

Astonishingly, most of the information steals cases where or are yet to be solved and surged to 55% from 30% between 2020 to 2021.

Going forward on the same issue, the National Cyber Security Alliance and Cybsafe have released an annual security report in which it revealed that 1 in every 4 American citizens became a victim of identity theft between 2020-21.

Concernedly, all such siphoned info is being used for launching phishing attacks or to siphon money from bank accounts. And sometimes, 23% of them experienced cyber-bullying and around 20% of them became a victim of a romance scam.

Poor Password hygiene, using the same password for different accounts and not following the tactic of using a minimum 12-18 character password, is found to be doing a lot of damage to online users as it is leading them towards many data scams.

Just by creating awareness among employees, using proactive security solutions, deploying MFA, using password managers can help in mitigating most of the cyber risks to a large extent.

 

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Naveen Goud is a writer at Cybersecurity Insiders covering topics such as Mergers & Acquisitions, Startups, Cyber Attacks, Cloud Security and Mobile Security

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