GAO: Lots of data breaches, not a lot of fraud
Sometimes it feels like every day, there's word of another incident involving lost, hacked or pilfered personal data stores--and dire warnings about the potential consequences.
But according to a report just released by the Government Accountability Office (PDF), only a small fraction of those recent episodes have actually resulted in clear signs of identity theft.
After scrutinizing the 24 largest data breaches that got media attention between January 2000 and June 2005, the GAO found that only three of the incidents indicated fraud on existing accounts. One pointed to evidence that new accounts had been created based on the … Read more