Continued cyberattacks against US residents rack up an impressive number of victims, with twice as many Americans reporting a breach following year-over-year statistics analysis. Unfortunately, one in five consumers say they suffered a credit score hit due to identity theft - and financial experts recommend shoppers request a credit report to check on any problems.
However, eight in 10 Americans note they have become more proactive in protecting their own personal information, as more than half of surveyed consumers aren't entirely sure if companies can keep personal data safe.
"The increase in data breaches affecting personal information has given consumers significant cause to be cautious about their activities, both online and off," said Ernie Almonte, chairman for the American Institute of CPA's National CPA Financial Literacy Commission, in a statement published by MoneyWatch.
"Data breaches have the potential to seriously affect consumer finances and wreak havoc on their credit scores."
Last updated: Apr 6, 2020 at 08:44 pm CDT
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