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Data breaches will affect a quarter of the world's population by 2020, IDC predicts

Discussion in 'Network World' started by RSS, Dec 14, 2015.

  1. RSS

    RSS New Member Member

    IDC predicts that by 2020, more than 1.5 billion people, or roughly 1/4 of the world's population, will be affected by data breaches.

    While we have already felt the effect of massive breaches that have exposed the credentials for hundreds of millions of people, the IT impact will be felt more keenly in the coming years, according to IDC analysts.

    "Consumers are starting to pull away from brands that have been breached," says Christian A. Christiansen, IDC Program Vice President, Security Products and Services. "And they're becoming aware that there's a thriving market in more durable identity credentials than just credit cards." One example of this is healthcare information, which Christiansen says has a lifespan of months, years, or "even decades," compared to credit card information, which has a lifespan of just 2 to 4 hours after it is first used in an unauthorized transaction.

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