Is Data Breaching A Cyber Armament? Today when we talk about the data breach or data lea. It is a security event that protects data being accessed by or disclosed to unauthorized viewers. The data breach is different from data loss. This is when data can no longer be accessed because of a hardware failure, deletion or other cause.
In today’s era, data breaching has become extremely common within the corpora delicti especially considering the advances that are constantly being made in technology.
Data breaching is an incident that occurs where a company or corporation is being hacked by an attacker illegally unmasking confidential information. The company holds into the hands of the hacker.
This private information could be anything from credit card numbers to social security numbers, which is very dangerous if exposed to the wrong people wanting to obtain this information.
Data breaches are not always premeditated. Users can accidentally send protected data to the wrong email address or upload it to the wrong share; in fact, mistakes account for 17% of breaches, according to the well-known Verizon’s 2018 Data Breach Investigation Report. But the article found that most breaches are deliberate and monetary provoked.
While different methods are used to gain access to sensitive data, 28% of breaches involve insiders, according to the Verizon report. Organizations in every industry are potential targets.
The Purview of the Breach
In 2016, Yahoo estimated that over 1 billion user accounts might have been compromised in the 2014 breach. Later, in 2017, it admitted all 3 billion of its user accounts had been hacked.
The breaches involved the extortion of user account details such as email addresses, telephone numbers, hashed passwords, dates of birth and, in some cases, answers to security questions. Fortunately, no payment information, such as credit card numbers or bank account details, was stolen.
The first breach that was publicly announced in 2016 happened in 2014 and afflicted approximately 500 million users. A few months later, Yahoo disclosed another breach, which occurred in 2013, and said that it had affected over 1 billion user accounts. It took them almost a year to investigate and announce that all 3 billion of its user accounts had likely been affected in the 2013 breach.
In 2016, when the first two briefings of breaches hit the headlines. Yahoo was in the middle of negotiating a purchasing deal with Verizon. Due to this discovery, Verizon lowered its offer for Yahoo assets by $350 million. In addition, the company was hit with about 43 class-action lawsuits.
The investigation of the 2014 breach showed that Yahoo’s security team and senior executives knew right away that some user accounts had been hacked, and they did take some remedial actions, including contacting those users whose accounts thought to be affected. However, they failed to conduct further investigations to fully understand the matter. If Yahoo had properly and promptly investigated the 2014 breach, they might have become aware of the 2013 breach sooner, possibly before the user data went on sale on the black market.
Data Breach Risk Factors
According to the 2018 Cost of Data Breach Study conducted by the Ponemon Institute, the average cost of a data breach in the U.S. is $7.91 million and the average number of breached records is 31,465 —roughly $251 per record. Clearly, it’s wise to invest some of your security efforts on data breach risk mitigation.
To cut down the risk of a data breach, you need to interpret where the risk is coming from. There are two major risk factors: people and devices. Some people have to be granted access to regulated or sensitive information; you can’t simply disallow all access to the data. But their deliberate or accidental actions can lead to a data breach of valuable company data.
As we have seen, they can make mistakes, such as sending information to the wrong email address or uploading to an unsecured share, and they can also deliberately use their access to steal important data for financial gain or to sabotage the company. Moreover, users can fall victim to identity theft, in which someone else learns their credentials and takes over their user identity to gain access to data.
Devices are the other major risk factor, especially handy devices that can store sensitive data and mobile devices that are used to access corporate networks and resources.
Data Breach Avoidance
It is a type of attack that takes advantage of software bugs or vulnerabilities. Which cybercriminals to use it as there gain for unauthorized access to a system and its data. Here are some best practices to help keep your business and your data secure.
Practice data segmentation
On a flat data network, cybercriminals are free to move around your network and steal every bit of valuable data. By putting data segmentation into place, you slow criminals down, buying extra time during an attack, and limiting compromised data. Data segmentation also helps with our next trip.
Enforce the principle of least privilege (PolP)
PolP means each user account only has enough access to do its job and nothing more. If one user account is compromised, cybercriminals won’t have access to your entire network.
Invest in a good cybersecurity program
If you have the misfortune of clicking a malicious link or opening a bad attachment. Then a good cybersecurity program will be able to detect the threat. Stop the download, and prevent malware from getting onto your network.