Although data breaches in the public and private sectors are frequent, few incidents of identity theft have occurred as a result of the loss or unauthorized exposure of personal information, the Government Accountability Office said. Fortunately for potential victims, only three of the 24 biggest breaches that GAO reviewed led to detected incidents of fraud on existing accounts and one incident of the unauthorized creation of a new account, according to GAOs analysis of available data and interviews with researchers, law enforcement officials and industry representatives. Retailers and a credit card processor were responsible for the data breaches that led to identity theft. GAO said it uncovered no clear evidence of fraud in 18 incidents, and insufficient data was available to make a determination in two incidents. However, it is difficult to know for certain the magnitude of identity theft, GAO said. READ MORE
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Just as with the Y2K crisis of seven years ago, IT workers are being
called upon to don superhero suits and save the enterprise from
impending technology trouble. But this time, IT will be sifting through
the complexities of the federal Sarbanes-Oxley Act of 2002
Will your SMB be Ready?
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