The City of Waco has warned residents that their online payments for water services may have been intercepted by hackers who stole credit card details. The heart of the problem lies in the third-party online payment software that Waco and several other cities and municipalities use to let residents pay their bills, pay parking fines, as well as make other financial transactions.
While countless companies have found themselves in the headlines after being breached over the last decade, there are also many companies we never hear about. Why is that? What makes them so unique that they were never successfully breached before? Is it that they have top of the line security technology? Is it that they don't have assets that attackers care about? Or is it that they've just gotten lucky thus far? None of those common misconceptions are likely the true reason.
Facebook and Twitter have announced that personal data related to hundreds of users may have been improperly accessed after users logged into third-party Android apps with their social media accounts. According to a report by CNBC, users of Android apps that made use of a software development kit (SDK) named oneAudience may have unwittingly shared information such as their email addresses, usernames and recent tweets.
Yet another company has been found lacking when it comes to securing its consumers’ data. Utah-based InfoTrax Systems provides back-end services to multi-level marketing companies (MLMs) such as dōTERRA, ZanGo, and LifeVantage, providing website portals where individuals can register as a distributor, sign-up new distributors, and place orders for themselves and end consumers.
Helping to define and examine the top perceived cloud security threats of the day, the ‘Egregious Eleven’ is the most recent iteration in an evolving set of summary reports published by the Cloud Security Alliance (CSA). It follows on from the ‘Treacherous Twelve,’ which they defined for us in 2016, and the ‘Notorious Nine,’ which they presented in 2013.
We are living in the era of the digital economy where companies are collecting and storing lots of valuable customer data on a daily basis. As it has turned out, data is an important input in the competitiveness, growth, and revenue generation for any company across industries. But every valuable resource has its vulnerabilities, and data is not left out in this unfortunate fact. A notable vulnerability of sensitive data that has left many IT departments scratching their heads is data breaching.
Earlier this week, I heard a fascinating interview with the former Chief Information Officer of Equifax, Graeme Payne. If you are unfamiliar with Graeme, he was the scapegoat for the Equifax breach; described in Congressional testimony as “the human error” that caused the breach. Graeme, however, is a true gentleman who is very gracious about his situation.
The cost of a breach is on the rise. A recent report from IBM revealed that the average cost of a data breach had risen 12 percent over the past five years to $3.92 million per incident on average. Additionally, this publication uncovered that data breaches originating from malicious digital attacks were both the most common and the most expensive types of security incidents.
TechCrunch reports that a security researcher stumbled across an exposed server on the internet containing databases with a total of more than 419 million records related to Facebook users. According to TechCrunch’s reporting, each database record contains a user’s unique Facebook account ID (from which it’s possible to determine a user name) and phone numbers attached to the account.
A data breach is a security incident where sensitive, protected confidential information is copied, transmitted, viewed, stolen or used by a person or persons with unauthorized access. Data breaches can involve financial information like credit card numbers or bank account details, personal health information (PHI), personally identifiable information (PII), trade secrets or intellectual property.
