![]() Use a VPN: While passwords keep unauthorized users out of accounts, Internet Service Providers can still track a user’s online activity as well as their devices’ private IP addresses.Other Ways To Protect Yourself OnlineĪside from creating secure and unique passwords for all web accounts, there are other best practices to increase one’s digital security. The median loss from identity theft for consumers was $894 6. ![]() The FTC reports that in 2019, total losses from identity theft, which can be caused by stolen passwords, totaled $92 million. According to researchers from the University of North Carolina’s Kenan Flagler Business School, this increase is due to the fact that retail customers are less brand loyal than consumers in other industries 5.Ĭustomers’ PII-related data is the most valuable data type that hackers can extract from security breaches, costing $150 per record according to IBM’s 2020 Cost of Data Breach Report. For the retail industry, this loss triples to nine percent within only 30 days of the breach announcement. ![]()
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