BankInfoSecurity's webinar last week titled "State of the Hack" had telling insights into the world of cybersecurity and how the industry is forecasted to change in the coming year.
Protected Identifiable Information
Over the last year, hackers have shifted their focus away from credit card data and toward obtaining personal identifiable information (PII). While major retail hacks dropped over the course of 2015, PII became more vulnerable in large organizations such as the FBI, Trump Hotels, and T-Mobile. Which brings about the biggest concern for 2016 - protecting PII.
But what is Personal Identifiable Information? PII is classified as any information that is personal in nature, social security number, date of birth, previous employers and addresses, or drivers license numbers. This information generally does not change or is extremely difficult to change and as a result, is valuable in the hands of those with malicious intent. With the large numbers of credit and debit cards stolen every year, banks have responded with EMV technology that makes them more difficult to copy. The same cannot be said for PII.