During the most recently closed quarter, data breaches increased 14% compared with the same period the year prior, according to the Identity Theft Resource Center.

While incidents were up in Q1 2022, the total number of people impacted was down 50% compared with the first quarter of 2021 and down 41% compared with Q4 2021, according to ITRC.

"Traditionally, Q1 is the lowest number of data compromises reported each year," Eva Velasquez, president and CEO of the Identity Theft Resource Center, said in a release. "The fact the number of breach events in Q1 represents a double-digit increase over the same time last year is another indicator that data compromises will continue to rise in 2022 after setting a new all-time high in 2021."

Continue Reading for Free

Register and gain access to:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Steve Hallo

Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]