This article highlights how the industry needs to change the way it handles consumer data.
We're a data-driven society and consumers demand a seamless online experience. This has lead to an increased use of APIs which effectively join together consumer datasets but also make the amount of data that is accessible by the bad guys much greater.
The number of data breaches dropped overall, but the amount of sensitive records exposed jumped to 446.5 million last year, according to the Identity Theft Resource Center (ITRC). There were 1,244 breaches reported in 2018, marking a 23% drop from the year prior. But the reported number of consumer records containing personally identifiable information (PII) significantly increased from 197.6 million to 446.5 million.