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Top 5 Data Breach Trends for 2020

Experian's “Data Breach Industry Forecast" reveals what criminal technology challenges CUs and all FIs will face next year.

cybersecurity worries Source: Shutterstock.

Text-based “SMiShing,” drones and deepfake technology are among the biggest emerging cyberthreats. At the top of concerns are hackers leverage texts to go after consumer financial account details.

Costa Mesa, Calif.-based Experian in its seventh annual “Data Breach Industry Forecast,” predicted the top five threats businesses and consumers should be aware of in order to keep their information safe. The 2020 report includes new ways fraudsters exploit common technology for criminal intent as well as what fresh targets – such as the cannabis industry – will be the most enticing for attacks.

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Roy Urrico

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.).

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