Data breach. If you click on the term data breach hyperlink will take you to have music to the company the term data breach because the consequences can truly be quite serious and destructive.
Did you know that in the first four months of 2014 there were more than 300 publicly disclosed data breaches in the United States alone? According to Risk Based Security Inc. these breaches resulted in more than 51 million records being compromised. Fifty…One…Million… That is a tremendous amount of data to be accessed illegally or without authorization, and that’s only four months. It’s safe to say that data breaches one of the fastest-growing crimes in the United States. The victims of this crime (businesses collecting the data, customers sharing the data) often end up enduring costly, painful, and lengthy consequences due to breaches. Their identities can be stolen as well as their financial security left in tatters.
Whether you’re a business owner or in online consumer there are a few considerations we suggest you ponder to protect yourself from cyber liability/data breach.
First let’s consider the information accessible in a data breach. Most organizations from retailers to churches and even libraries, solicit personal information about their customers or members. This collected data could include email, personal mailing address, emails, medical histories, phone numbers, and even social security numbers. Information that establishes a person’s electronic or cyber identification. These organizations may also have credit card numbers on file along with coinciding expiration dates and CVV/CVC numbers… Everything needed to use a credit card for purchases or cash advances. Depending on the organization and what it is they do there may even be financial data such as payments, investments, and account numbers stored within the databases of these various businesses/organizations. Any time financial data is stored there is a danger that an opportunity for a data breach will have hugely negative consequences on the business and its customers as well. But in our culture and the advent of cyber business and online social communication, storing personal data has become a necessity to increase ease-of-use and consistency.
Consequences of the data breach range from identity theft to organizational liability resulting in fees, financial penalties, and loss of education. There’s also the cost of the recovery effort that needs to be considered as part of a consequence of the data breach. On top of all this and organizations credit rating as well as their business identity could diminish to the point of no return as a result of these types of hacker incursion.
Doesn’t that just frost your fanny?
So what are you doing as a business, organization, and/or individual to shore up your cyber liability? You may be surprised at how many people choose to hide their head in the sand and do very little to protect against a data breach… Including businesses, government agencies, and your average Joe citizen. Sadly this has contributed to data breach is becoming one of the fastest-growing crimes in the United States.
Here’s your homework to complete before reading our follow-up to this blog post:
- As an individual, make a list of all organizations that store your personal data.
- As a business, take inventory of the personal data you store that could be stolen and use for nefarious purposes. That’s right I said nefarious.
- Inquire of any organization that stores your personal data what security procedures they have in place to protect your data.
- Begin to develop your own procedures to protect yourself from identity theft, fraud, and recovery in case of a data breach with any organization that store your personal data.
Once you begin to follow through these four steps you may find yourself in a bit of a loss on how to proceed in establishing data security procedures. CSI Onsite will provide you knowledgeable insights in developing robust security procedures to protect your personal data. All it takes is a call to our main office: 952 – 928 – 1788952 – 928 – 1788 and we’d be happy to meet with you and get the ball rolling. Until next time keep your stick on the ice. Okay, Stole that from the red Green show, see? See how easy it is for someone to walk away with personal data?