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Data Breach Digest: June 2017
By | June 30th, 2017 | Data Breaches

DBD-June-2017

Did you know XOR offers a free resource to protect your customers from identity theft and fraud caused by data breaches? Check out the Compromised Identity Exchange Basic platform and join us in the fight against fraud! Here is the latest in data breach reports and related news from June.

New Data Breaches Reported in June 2017

8tracks
Buckle Stores
OneLogin
Republican National Committee / Deep Root Analytics
University of Oklahoma
Washington State University

Dark Reading: $12B in Fraud Loss Came from Data Breach Victims in 2016

Javelin Advisory Services reported a 31.7-percent fraud rate among consumers who were involved in one or more recent data breaches. The growth resulting in $12 billion worth of fraud losses.

CNET: Anthem agrees to pay record $115M to settle data breach suit

Following two years of recovery after Anthem’s massive data breach involving 80 million compromised records, the company has agreed to a $115 million settlement, subject to a judge’s approval. This would present the largest data breach settlement to date, if approved.

Dark Reading: Data Breach Costs Drop Globally But Increase in US

According to IBM’s Cost of Data Breach report, global incident recovery costs have declined 10 percent in the last year. For the United States, however, costs have increased by 5 percent.

Insurance Business: More businesses hit by data breaches

Global insurance underwriter Beazley reported 39 percent more data breach cases in Q1 of 2017 than it did in Q1 of 2016. The insurer has also identified emerging trends in security compromise events.

Forbes: How Marketers Cause Data Breaches

IT and security teams often take the brunt of blame when it comes to data breaches, but security standards must be implemented across every business unit in order to truly protect customers. Forbes examines marketers’ roles in data protection.

Law360: Judge OKs $1.6M Neiman Marcus Data Breach Settlement

Luxury retailer Neiman Marcus has gained approval on its $1.6 million settlement following a class action lawsuit of a six-month leak of credit card data at its stores.

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