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The global annual cost of cybercrime is predicted to reach $9.5 trillion this year and is expected to hit $10.5 trillion by 2025, according to Cybersecurity Ventures. So what can be done about it? Grand Forks Herald reached out to global data breach resolution expert Michael Bruemmer at credit reporting giant Experian for tips on keeping your private information safe.
When a data breach occurs, personal information is illegally accessed and stolen from the breached organization’s records by criminals. The data may belong to customers, clients, employees or anyone who’s information was stored within the organization’s computer records. Criminals can potentially use the stolen personal information to open bank accounts, make unauthorized purchases on credit cards, apply for credit or loans, and more.
Bruemmer explains that there are proactive steps that consumers can take in order to protect their information. Knowledge is power in the war against cybercrime, and Experian is sharing its vast experience to help you avoid becoming the next victim.
