Data Breaches Rarely Lead To Identity Theft

from the hype-and-reality dept

Earlier this year, it seemed like you could hardly go a day or two without hearing about yet another data leak by some company or another and how everyone's data was at risk. Of course, now some are beginning to realize that very few of those data leaks actually resulted in identity theft scams. Of course, that shouldn't necessarily make anyone feel better about them. It could just mean that so much private data about people is available that your chances of being "picked" are much slimmer. Safety thanks to the ubiquity of available information just isn't that comforting.
Hide this

Thank you for reading this Techdirt post. With so many things competing for everyone’s attention these days, we really appreciate you giving us your time. We work hard every day to put quality content out there for our community.

Techdirt is one of the few remaining truly independent media outlets. We do not have a giant corporation behind us, and we rely heavily on our community to support us, in an age when advertisers are increasingly uninterested in sponsoring small, independent sites — especially a site like ours that is unwilling to pull punches in its reporting and analysis.

While other websites have resorted to paywalls, registration requirements, and increasingly annoying/intrusive advertising, we have always kept Techdirt open and available to anyone. But in order to continue doing so, we need your support. We offer a variety of ways for our readers to support us, from direct donations to special subscriptions and cool merchandise — and every little bit helps. Thank you.

–The Techdirt Team

Reader Comments

Subscribe: RSS

View by: Time | Thread

  1. identicon
    Pete Austin, 24 Oct 2005 @ 9:22am

    Re: Your Accounts have been Compromised

    Only 2% of accounts compromised are ever used fraudulently. We know that this figure refers to real criminal ID theft (not just information leaks) as the article goes on to say "54.1 percent of ID theft victims were able to identify how fraudsters obtained their personal information." So the 2% must include the the 10 million U.S. residents who were were victims of criminal ID theft (FTC figure).

    If 2% of the accounts compromised is over 10 million, then 100% is over 500 million. This is almost twice the resident population of the United States.

    The above doesn't change the fact that you still only have a 2% chance of being defrauded each year. Of course, maybe you plan to live a long time, in which case the odds don't look so good.

Add Your Comment

Have a Techdirt Account? Sign in now. Want one? Register here

Subscribe to the Techdirt Daily newsletter

Comment Options:

  • Use markdown. Use plain text.
  • Make this the First Word or Last Word. No thanks. (get credits or sign in to see balance)    
  • Remember name/email/url (set a cookie)

Follow Techdirt
Essential Reading
Techdirt Deals
Report this ad  |  Hide Techdirt ads
Techdirt Insider Discord

Introducing the new Techdirt Insider Chat, now hosted on Discord. If you are an Insider with a membership that includes the chat feature and have not yet been invited to join us on Discord, please reach out here.

Recent Stories

This site, like most other sites on the web, uses cookies. For more information, see our privacy policy. Got it

Email This

This feature is only available to registered users. Register or sign in to use it.