Study: Many Data-Breach Victims Don’t Fight Back

Data breaches are becoming more common, yet many consumers are not prepared for the worst. And even when they do happen to become victims, many do nothing about it.

A new study by CardRatings.com

tom-banner ampforwp-incontent-ad1"> shows that consumers underestimate the likelihood they will become the victim of a security breach.

The study also shows that consumers are not taking the proper precautions to protect their personal financial information following a security attack.

Says CardRatings.com, “48.82 percent said they didn’t check their credit card statements and 45.69 percent [didn’t check] their bank accounts.”

Study findings:

Those who reported being a victim of a data breach said they took the following actions:

– Check credit card statement — 51.18%
– Check credit report — 45.29%
– Check bank account — 54.31%
– Stopped using credit card — 37.84%
– Stopped using debit card — 32.75%
– Signed up for credit monitoring — 24.31%
– Put a credit freeze in place — 24.12%