Data breaches have become more common, and as a result, consumers are left to wonder how much of their sensitive information has been exposed.

A recent survey by the American Institute of Certified Public Accountants (AICPA) found that 81% of Americans are at least somewhat concerned about the ability of businesses to safeguard their financial and personal information, while 40% are extremely or very concerned.

A telephone survey conducted by The Harris Poll for AICPA of 1,006 Americans in the fall of 2017 found that nearly half of U.S. adults (48%) think it is at least somewhat likely identity theft will cause them financial loss in the next year.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Denny Jacob

Denny Jacob is an associate editor for NU PropertyCasualty360. Contact him at [email protected].