Hundreds of data breaches occur every year and have for years. However, most consumers, unless affected, are unaware of the daily data breaches. A data breach occurs when records with sensitive or personal information are exposed to outside sources. More breaches occurred between January and October 2008 in the US than in all of 2007, according to the Identity Theft Resource Center. As a whole, the country averages 57 breaches per month, 11.4% of which occur in the financial industry. With this incident rate, it is important for all banks to have a plan in place to help prevent and prepare for a data breach. This plan includes: 1. Raise security awareness. 2. Be proactive and prepared. 3. Don't wait, act now.