While 2014 was aptly named "The Year of the Data Breach," 2015 has unfortunately started off in a similar trajectory, with breaches at several parking services and Anthem suffering the largest healthcare breach in history. On their own, these incidents paint a pretty bleak picture for data security, but in aggregate, they're even more alarming.
A survey conducted by Honeywell found that 93% of consumers were concerned about the security of their credit-card information – compared with just 84% that indicated they were concerned about their health and 81% about their retirement savings. And they're absolutely right to be concerned, with startling data breach statistics like these below:
To learn more about the current payment security landscape and which technologies are hoping to have an impact on the stats above, download our Payment Ecosystem Whitepaper.
