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Data Breach Concerns: How Does Your Worry Compare to Other Consumers?

September 21st, 2016 · No Comments · Identity Theft

by Kristy Welsh

(Last Updated On: February 26, 2018)

Data Breach Concerns: How does your worry compare to other consumers?If you’re worried about having your personal information stolen from a business or government agency, you are far from alone. In fact, 8 in 10 consumers feel similarly. That’s according to a TransUnion survey that also found that more than half of consumers are not confident organizations and agencies are doing enough to protect them. While that may be debatable, what’s certain are the steps you can take to help prevent fraud and deal with the aftermath should it happen.

Data Breach: What’s On the Minds of Consumers?

Of the consumers surveyed by TransUnion:

  • 83 percent are worried they will become a victim of identity theft within the next 1-2 years by having their information stolen from a business or government agency
  • 53 percent say they or a household member have already been a victim of identity theft, online fraud, or had personal data stolen from a business or government agency
  • 52 percent are concerned about the methods organizations and agencies are using to protect them
  • 55 percent want government organizations to mandate stricter authentication security

If security measures can be amped up, great. But until that happens, consumers need not feel powerless.

How You Can Protect Yourself

Before fraud happens, you can protect yourself by:

  • Using the highest level of security available for your online accounts and apps
  • Creating strong passwords and changing them often
  • Not saving credit card information on sites you do business with

Get details on these and other ways to protect yourself from identity theft.

If you know or suspect fraud has already happened:

  • Notify your credit card companies
  • Report it to the credit bureaus so they can place fraud alerts on your credit reports
  • Report it to the FTC via gov
  • Change all of your passwords
  • Consider putting a freeze on your credit so that no one can open an account in your name
  • Monitor your credit reports closely for the opening of accounts you do not recognize
  • Take advantage of any free credit monitoring offered by a breached company through which your data was stolen

Watch and share an FTC video on what to do if your personal information is stolen in a data breach.

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