The likelihood that your organization will suffer a material data breach in the next 2 years is nearly 28%, and that’s higher than last year’s risk according to The Ponemon Institute’s 2018 Cost of a Data Breach Study: Global Overview. Counsel’s best strategy is to insist on a strong organizational plan to quickly and effectively respond to data breaches and, ultimately, prevent them in the future.
France’s national data protection authority (CNIL — Commission Nationale de l’informatique et des Libertés) ordered its first sanction under the EU’s General Data Protection Regulation, or as commonly called as the GDPR. In this sanction, the CNIL fined Google a whopping €50 million because of Google’s failure to comply with the GDPR provisions when a user sets up his new Android phone and follows the subsequent process.
Breaches aren’t easy to deal with, especially if you are of the opinion that companies are people too. Having seen, been part of, and lent a shoulder to many a breach, here are nine of the common ways companies respond to breaches.
Recent findings report that on average, 96 percent of systems across all industry segments have been breached. While you should absolutely update your information security system and protocols to provide the best protection you can for your data, you should also know how to spot a data breach. Unfortunately the odds of escaping one aren’t in your favor, but you can increase your chances of spotting a breach quickly and containing any damage.
67% of small and micro businesses have experienced a cyber attack, while 58% have experienced a data breach within the last 12 months, according to a study conducted by the Ponemon Institute. Cybersecurity has become one of the major questions that plague the 21st century, with numerous businesses reporting significant losses resulting from loss of private customer data, denial of service (DoS) attacks.
During the holiday season people logged on to make purchases through online retailers, like no other time of the year. While there was significant growth in many segments of society on a global scale in 2018, we also saw a significant increase in online retail breaches where personally identifiable information was compromised at an alarming rate.
Global hotel chain Marriott has revealed that it suffered a significant data breach with the data of 500 million customers possibly compromised by attackers. Marriott received an alert on September 8 from a security tool regarding an unauthorized attempt to access the Starwood guest reservation database. Upon inspection, the company discovered that there had been unauthorized access to the Starwood network since 2014.
An estimated 34 percent of companies have experienced data breaches in the last 12 months. With those odds, every organization should be prioritizing cyber security and cyber attack management. Take the time now to put together a data breach incident response plan utilizing these steps, so if your organization is affected, you’ll be able to respond as quickly and effectively as possible. Here are some key steps the plan you create should include.
The U.S. Office of Personnel Management (OPM) has still failed to implement over a third of the recommendations noted by government auditors after the devasting breach the organization faced in 2015.
UpGuard’s researchers regularly uncover and report on corporate data breaches. We often find that the breach is not directly caused by the company, but by one of their third-party vendors. This series of posts is about a less-understood aspect of vendor risk, data breaches by third-party vendors. We will run you through many types of data breaches, how they relate to your third-party vendors, and ultimately what you can do to prevent them from hurting your business.
