14% of US debit cards were exposed by breaches in 2013

Posted by Pat Phelan on July 9, 2014


Yes, that's almost 1 in 7 cards, according to new research. One of the prime causes of this huge year for data leaks was the Target data theft, the largest ever, which exposed the personal information of up to 70 million people, according to the retailer.

Even for retailers who did not lose any of their customers' data, there are consequences: the more compromised cards and data in circulation, the more opportunities for identity theft and the higher the risk of fraud.

The record-setting year for debit card exposure is in line with the general rise in e-commerce fraud, growing at over 10% per year. Card-skimming using devious methods (like the latest imperceptibly thin ATM card skimmers) has led to an enormous pool of card numbers available to fraudsters, often without any knowledge or prior warning on the part of the cardholder. If you don't have one already, it's time you got an ecommerce antifraud system...

Topics: Identity