What’s the Big Hurry? The Urgency of Breach Notification

Globally, about 5 million data records are lost or stolen each day. For each theft, consumers spend an average of 20 hours and $770 to attempt to rectify their losses. Individuals’ reputations suffer, sometimes permanently. Consumers should take action after they are notified of a data breach because there is a good chance that criminals are already using or selling their data. Once personal data is made public, a Federal Trade Commission study showed that it is only minutes before the first unauthorized access . . .