Breaches in the banking/financial/credit category dropped by 73% so far this year, but breach incidents overall are on a record pace, according to the San Diego-based Identity Theft Resource Center.

As of May 24, 2016, the total on the 2016 ITRC Breach Report hit 420, up 22.1% over last year's record pace for the same period (344). This represents 12,151,764 million records.

Year over year, breaches in the education sector were up nearly 80% over 2015 figures, followed by the business sector, up 46.0%, and the medical/healthcare field, up 18.1%. The government/military sector continued to show a decline from last year's figures, down 16.7%.

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Roy Urrico

Roy W. Urrico specializes in articles about financial technology and services for Credit Union Times, as well as ghostwriting, copywriting, and case studies. Also: writer/editor of a semi-annual newsletter for Association for Financial Technology since 1997 and history projects funded by the U.S Interior Department, National Park Service and Warren County (N.Y.).