Friday, December 7, 2018

United States – HSBC Bank USA

Exploit: Multiple compromised online accounts.HSBC: One of the largest banking and financial services organizations in the world, HSBC is based in London and has offices in 80 countries.Risk to Small Business: 1.888 = Severe Risk: The data compromised in this breach can be very harmful to an individual if in the wrong hands, and customers know this. Customers will second-guess their choice of a bank if their information is compromised and those thinking about setting up an account could very well look elsewhere.Individual Risk: 2.428 = Severe Risk: Those who are affected by this breach are at a higher risk of fraud and should take advantage of the identity monitoring program that HSBC offered to victims.Customers Impacted: Undisclosed at this time.How it Could Affect Your Customers’ BusinessOne of the most important things a financial institution has is the trust of its business partners and customers. No one wants to hand over their money to someone they don’t trust. Any organization loses face when experiencing a breach but when a financial institution fails to secure account numbers, transaction history, and balances, customers will NOT forget it.ID Agent to the Rescue: Spotlight ID™ by ID Agent offers comprehensive identity monitoring that also includes credit monitoring. Learn more:
Risk Levels:
1 - 1.5 = Extreme Risk
1.51 - 2.49 = Severe Risk
2.5 - 3 = Moderate Risk*The risk score is calculated using a formula that considers a wide range of factors related to the assessed breach.

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