According to the Identity Theft Resource Center, who just released their 2018 End-of-Year Data Breach Report, the number of data breaches fell by nearly 25 percent compared to 2017, but the number of compromised records containing personally identifiable information (PII) more than doubled to 446.5 million.
Although the total number of data breaches declined in 2018, according to the Identity Theft Resource Center (ITRC), it was still the second highest number of data breaches reported in one year since the ITRC has been keeping track.
The latest figures on card fraud losses in the United Kingdom, coming from industry group Financial Fraud Action UK, support the expectations of most industry experts that when EMV rolls out in the United States it will have a positive impact on deterring counterfeit cards and fraud at the point-of-sale, but lead to more fraud attempts and losses in the Card Not Present channel. In short, CNP fraud is up nearly 25 percent, fraud on contactless card payments is negligible, and a slight increase in counterfeit card fraud is attributed to UK-issued cards being counterfeited and used in nations that have not yet implemented Chip & PIN / EMV.
According to Financial Fraud Action (FFA) UK, an industry group that works in partnership with The UK Cards Association, fraud losses from CNP purchases on UK issued cards in the first six months of 2014 totaled £174.5 million, a 23 percent increase from the first six months of 2013. Excluding mail order and telephone order (MOTO) transactions and focusing on eCommerce, losses between January and June 2014 on UK-issued cards reached £110 million, also a 23 percent increase from the first six months of 2013. Total online shopping increased from 2013 to 2014 over this time period as well, but by only by 16 percent, reaching £47 billion.