Protecting Personal Information: We Lost the Battle, Can We Win the War?

Banking & Payments

Securities & Investments

Insurance

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Protecting Personal Information: We Lost the Battle, Can We Win the War?	V59:27G

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Detailed Description

Data records containing personal consumer information continue to be lost or stolen at a dizzying pace. Considering the vast amounts of consumer data that continues to be breached, TowerGroup believes the financial services industry has, so far, lost the data protection battle. This Research Note elucidates TowerGroup's assessment of the state of the ongoing data protection war and provides recommendations to financial services institutions (FSIs) for containing fraud that results from the loss of sensitive customer data. It also provides recommendations to government agencies to finally curb data breach incidents.

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