Payments News

Risk

No Time to Relax: Data Compromises Reached An All-Time High in 2021

“Data-compromise incidents hit an all-time high in 2021, totaling 1,862, up 23% from the previous record high of 1,506 in 2017, according to the Identity Theft Resource Center’s Annual Data Breach Report. On a year-over-year basis, the number of the compromises increased 68% in 2021, compared to 2020. The number of breaches involving sensitive information, such as Social Security numbers, represented 83% of the overall number of compromises in 2021, compared to 80% in 2020. Despite the year-over-year over increase, the percentage of breaches involving sensitive information remains well below the all-time high of 95% set in 2017.”