Data breaches happen every day all around the world. Experienced hackers continue to find the most vulnerable people and businesses to expose. Data breaches occur when there is a lack of strong and effective protection and potential for high reward. We have outlined the hacker’s recipe for an ideal data breach.
Fact of the matter is that many computer and network systems are not safe. Computer systems and networks may unknowingly contain cyber vulnerabilities. Cyber vulnerabilities are security weaknesses of a computer or networking system.
A company’s computer and network systems could have cyber vulnerabilities and they would most likely not know it. Cyber security services can help eliminate, prevent, and mitigate the damage from cyber vulnerabilities.
Lack of Encryption
Encryption is the process in which data and information are encoded in such a manner that only authorized parties can successfully read it. This is one of the most reliable data breach security strategies.
Basically, if a cyber-attack was to occur and was to attack the cloud database, then the targeted credit card numbers, social security numbers, and bank account numbers would be unreadable to the hacker.
Encrypted information is protected via a mathematical algorithm, and can only be read if it is decrypted. Decryption is a difficult process for unauthorized personnel. Hackers, more likely than not, will give up and move on to a more vulnerable target.
Weak protection from possible threats increases the chances of data breaches. If you do not update your computer software, then you may experience weak security protection. This increases the chances of data breaches occurring.
Some people may wish to proceed with an unprotected system in order to avoid the costs of upgrading the computer or network. The older programs are easier to hack.
If you are still using older programs, then it’s time to upgrade and update. Keeping encryption up to date is crucial to keeping your company’s systems safe.
With just your name and address, somebody can open up a credit card account in your name. When armed with any more basic information, such as the last four digits of your Social Security number, a person could open a bank account in your name.
Always do your best to secure personal information from being leaked. The best investment for preventing data breaches through physical items would be a shredder. Cyber security services can help keep your business safe from digital data breaches.
Black Market Sales
Following data breaches, many hackers themselves will not directly use your personal information to start accounts in your name. For these hackers, they turn to the black market.
This underground market contains many thousands of people waiting to purchase data and information belonging to somebody else. These individuals are willing to pay a high price for the information. This high price also comes with a high risk for the offender. According to the U.S. Code, penalties include lengthy prison sentences and hefty fines.
According to Forrester: Planning For Failure, 2015, a breach of sensitive data has be discovered in 60% of companies. This is a startling statistic that needs to be addressed. It is time to start taking data breaches seriously – very seriously. Do not let your company become part of this statistic.