As information being an asset, information security plays great role in todays world. Whatever is the effort, investments and latest technologies are adopted to keep confidentiality, Data breach is a common issue increasing regularly. As data breach is not completely taken off, Information risk has to be measured primarily. identity theft is a noticeable crime in this twenty first century. The worldwide loss due to Identity theft has risen from $21 billion (in 2003) to $2 trillion as of now. The identity theft could harm anyone. Thus the caution is to all in order to protect their data from the hackers.
Data brokers have to take extra care whose database is linked on the internet. The LexisNexis data breach is the best illustration of the identity theft caused due to the lack of security standards of information broker industry. Thus significance of the information security has to be realized. It is more than standards, procedures, policies and guidelines. But a prior risk assessment has to be done well before a security breach occurs..
