The largest data breaches are always a wake-up call for consumers. They bring data security to the forefront. And in the past decade, there were a number of massive data breaches that exposed the private information of hundreds of millions of people — putting consumers on high alert over the potential for fraud as a result.
“It’s bringing the conversation about our data, the value of our data and of course the risks when that data is compromised — or even abused,” says Eva Velazquez, president and CEO of the Identity Theft Resource Center (ITRC), a non-profit organization.
Malicious cyber activity can seriously hurt the economy too. It’s estimated that cybersecurity threats cost the U.S. economy $57 billion to $109 billion in 2016, according to a February 2018 Council of Economic Advisers report.
Here’s a look at 10 of the biggest data breaches that took place during the 2010s, and why it’s more important than ever to safeguard your personal and financial data.