The Harmful Side of Big Data: Identity Theft

According to a recent report published by the Identity Theft Resource Center, more than 368 big data breaches have been reported in the first half of 2014. 

Unlike individual instances of identity theft, the threat from big data breaches is massive because one heist can instantly put the identities and data security of millions of users under threat. From the perspective of a cyber-criminal, big data presents a huge opportunity to get access to millions of records with lesser effort. Given the finite number of technologies available to handle big data, criminals can “rinse-and-repeat” the same technique to exploit loopholes in the infrastructure of multiple organizations that handle data with similar technologies; thereby multiplying the returns on their criminal activity.

Author: Anand Srinivasan

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