Data breaches, hacking, and skimming — all of it poses a threat to consumers and business during 2019.
According to the Identity Theft Resource Center (ITRC), data breaches increased sharply in 2018 with 1,027 breaches reported and 57,667,911 records compromised.
Today’s hackers are very deft at outsmarting security measures, said Michael Bruemmer, Experian Vice President of Data Breach Resolution, adding that, “cybercriminals always seem to stay a step ahead of new security gates.”
Experian’s top five threats for 2019 are:
1) Biometric hacking and detecting flaws in touch ID sensors, passcodes, and facial recognition. Although biometric data is the most secure method of authentication, it can be stolen or altered.
2) Skimming a major financial institution’s national network with hidden devices to steal credit card information, and invading bank network computers with undetectable malware.
3) Attack on a significant wireless carrier with simultaneous effect on iPhones and Androids, stealing personal information from millions of smartphones and possibly disabling all wireless communications in the U.S.
4) A breach in the security operations of a top cloud vendor will jeopardize the sensitive information of major companies.
5) The gaming community will be faced with cybercriminals posing as gamers for access to its computers and the personal data of trusting players.
According to the ITRC, significant breaches from 2005-2017 rose from about 200 per year to more than 1,300. Billions of data pieces have been exposed, allowing cybercriminals to monetize stolen data, leading to an increased risk of identity theft.
What can consumers do against security threats?
- Do not share personal information with strangers over the phone, email or text messages.
- Sign up for free credit report monitoring to receive alerts about your credit activity.
- Get a free dark web scan to see if your Social Security number, email or phone number has been compromised. Hackers sell stolen information on the dark web.