Limiting Damage from Data Breaches

Limiting Damage from Data Breaches

Is iPaaS solving the right problems? Not knowing the fundamental difference between iPaaS and dPaaS could cost you down the road. Brought to you in partnership with Liaison Technologies.

Data breaches hitting the headlines used to be a rarity, but today it is unusual to go a week without hearing about another business being affected. So far, 2016 has seen numerous attacks, including:

In January, FACC, an aerospace parts manufacturer that supplies heavy-hitters Boeing and Airbus, was the victim of cyber fraud. Instead of stealing data, the hackers used their access to steal €50 million ($54.5 million) in liquid funds from the business.

In February, hackers breached the database of the U.S. Department of Justice, capturing employee data that included names, phone numbers, and email addresses. The data was later released, compromising 10,000 Department of Homeland Security employees and 20,000 FBI employees.

In March, hackers hit Verizon Enterprise Solutions, a division of Verizon that provides IT services, including data breach assistance, to their customers. The hackers made off with information on more than 1.5 million customers, which was later put up for sale for $100,000.

Other high-profile victims include the University of Central Florida, the IRS, Wendy’s, and Oracle.

But these breaches are just the tip of the iceberg: for every hack that hits the headlines, there are ten or even a hundred more that don’t because they involve smaller businesses. Yet these attacks are just as damaging to the businesses they affect – will your business be the next victim?

There’s no safety in size, big or small. The businesses we’ve mentioned in our examples are massive, but businesses of all sizes are at risk. Hacking and identity theft can cost your business in lost funds, intellectual property, and customer & employee data. These thefts can damage your finances, your reputation, and your relationships with your customers and employees.

And although the biggest headlines often concern breaches of large technology companies and government institutions, any business in any industry can be targeted. If you hold digitally-stored data, you are vulnerable. Hackers don’t care what your business is – only that they can make money from your data.

 

Share it:
Share it:

[Social9_Share class=”s9-widget-wrapper”]

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

You Might Be Interested In

If Data is as Valuable as Gold, It’s Time to Polish Your Data Architecture

16 Nov, 2017

It speaks volumes of the world we live in today when headlines such as “The world’s most valuable resource is …

Read more

History of Data Mining

9 Jul, 2016

Data mining is a subfield of computer science which blends many techniques from statistics, data science, database theory and machine …

Read more

Six categories of Data Scientists

12 Oct, 2016

We are now at 9 categories after a few updates. Just like there are a few categories of statisticians (biostatisticians, …

Read more

Do You Want to Share Your Story?

Bring your insights on Data, Visualization, Innovation or Business Agility to our community. Let them learn from your experience.

Get the 3 STEPS

To Drive Analytics Adoption
And manage change

3-steps-to-drive-analytics-adoption

Get Access to Event Discounts

Switch your 7wData account from Subscriber to Event Discount Member by clicking the button below and get access to event discounts. Learn & Grow together with us in a more profitable way!

Get Access to Event Discounts

Create a 7wData account and get access to event discounts. Learn & Grow together with us in a more profitable way!

Don't miss Out!

Stay in touch and receive in depth articles, guides, news & commentary of all things data.