Posts Tagged ‘hack’

Banks: Are There Too Many Cybersecurity Alerts?

Posted on June 27, 2017 by Laura Lam

Security alert overload, a source of frustration for bank security departments for some time, appears to have careened out of control.  A survey of bank security chiefs by the research firm Ovum documents how high the daily volume of messages about possible security incidents has grown.  Over a third (37%) of banks, it turns out, receive more than 200,000 security alerts a day. “It’s too much for humans to cope with, even at banks with the largest security teams. Adding more operators isn’t the solution, the problem needs to be solved through automation,” said Rich Baich, chief information security officer…

1.4 Billion Data Records Compromised in 2016

Posted on April 21, 2017 by Laura Lam

Cyber attackers launched 1,792 data breaches in 2016, which led to almost 1.4 billion data records being compromised worldwide, according to the newly released Breach Level Index (BLI) report from security provider Gemalto.  Identity theft was the leading type of data breach last year, accounting for 59% of all data breaches, the report said. More than half of the data breaches (52%) in 2016 did not disclose the number of compromised records at the time they were reported. The BLI is a global database that tracks data breaches and measures their severity based on multiple factors such as the number…

Most Consumers Will Take Business Elsewhere if Hacked

Posted on June 30, 2016 by Laura Lam

A recent study commissioned by Centrify found that 66% of adults in the U.S. are at least somewhat likely to stop doing business with a company that has suffered a cyberbreach. Less than half of Americans are very satisfied with how corporations handle cyberbreaches. The study surveyed people across the U.S., UK, and Germany and also found that most consumers believe businesses are almost entirely to blame for corporate hacks: 41% of adults in the U.S. hold corporations fully accountable and feel they are not taking enough responsibility when data breaches do occur. To some degree, most adults accept hacking…

Protect Your Family from Identity Theft

Posted on October 15, 2014 by Saldutti

The U.S. Department of Justice indicates that 16.6 million Americans fell victim to identity theft in 2012, and recent data breaches of Home Depot, Target, the iCloud, and other major retailers suggest that number is on the rise. So how can you keep control of your money and identity? It takes some fairly serious protection to ward off clever criminals. The following tips from The Daily Worth are a good primer to creating a more powerful identity theft prevention plan: Keep Social Security cards, birth certificates, and passports secure at home or on an online document storage site. Avoid carrying them with you…