Wednesday, August 14, 2019

Capital One Data Breach Impacts US and Canadian Customers

Capital One Data Breach Impacts US and Canadian Customers 

An expansive data breach at the credit card juggernaut, Capital One Financial, has compromised the personal information for more than 100 million US and Canadian customers. 

The breach exposed the personal data for more than six-million Canadians, making it one of the most significant data breaches in the country’s history. Capital One, which provides Mastercard credit cards for retailers like Costco Wholesale and Hudson Bay Company, noted that the data is primarily restricted to consumers and small businesses who applied for a credit card between 2005 and 2019. 

The data includes names, addresses, postal codes, phone numbers, dates of birth, and incomes. For US customers, the stolen data also includes 80,000 linked bank account numbers and 140,000 social security numbers.

The incident is just the latest wide-spread data breach impacting small businesses and consumers, making their preemptive data protection a must-have element of personal or organization data security. For example, ID Agent’s Dark Web monitoring services can identify if an organization’s data is made available on the Dark Web, providing them with an opportunity to enhance their security posture before an attack takes place. 

Bit by bit helps client networks run smooth and secure.. visit our website at www.bitxbit.com

Monday, August 5, 2019

Friday, August 2, 2019

Are you feeling the heat?



Bit by bit helps client networks run smooth and secure.. visit our website at www.bitxbit.com

Thursday, August 1, 2019

A Divide in Ransomware Response Ethics


Local governments and municipalities are frequently targeted with ransomware attacks by cyber criminals who view government agencies as soft targets with potentially significant rewards. While leaders are unified in their abhorrence of this behavior, disparities exist when aligning on response plans. 

Some governments choose to pay the ransom, seeing it as the least expensive option available. Of course, this behavior makes other governments more vulnerable to a similar attack because it indicates that authorities are willing to pay criminals to restore access to their systems. 

In contrast, some local governments refuse to pay, a principled stance that can be more expensive in the long run. For instance, Baltimore authorities refused to pay a $75,000 ransom to regain access to its network, but full system restoration is estimated to cost $10 million, and other ancillary disruptions may cost $8 million more. 

The message is clear and simple: all organizations need to do everything they can to prevent a ransomware attack in the first place. Contingency plans like backups and cyber insurance are critical for responding to an attack, but employee awareness training and threat analysis services offered by cybersecurity experts can prevent ransomware attacks before placing your company in the precarious position of deciding on ransom payments. 


https://www.nytimes.com/2019/07/05/technology/cities-ransomware.html

Bit by bit helps client networks run smooth and secure.. visit our website at www.bitxbit.com

Tuesday, July 30, 2019

In Other News:



Company Cut Off from Government Contracts After Data Breach 

Last month, Perceptics, a maker of license plate readers used by the U.S. Customs and Border Patrol (CPB), endured a significant data breach that resulted in 65,000 files published to the Dark Web. 

As a result, the company has been placed on a veritable government black-list, suspending Perceptics from procuring government contracts. Although the suspension is technically limited to the CPB, the notice, which cites “evidence of conduct indicating a lack of business honesty or integrity,” could shun the company from doing business with other government agencies. 

Before the suspension, Perceptics had a 30-year working relationship with CPB, and their dissolution indicates the weight of unimpeachable cybersecurity standards for companies handling sensitive personal information on behalf of the government.

What’s more, Perceptics will still face administrative proceedings that will determine the company’s fate as it pertains to future work with the U.S. Government. 

The incident is a warning to all companies: cybersecurity is an obligation, not just a suggestion. Data breaches place people’s data at risk but are increasingly becoming capable of compromising an organization’s financial stability. Rather than leaving it up to chance, coordinate with a trusted third-party to ensure that your cybersecurity posture is ready to meet the moment



Bit by bit helps client networks run smooth and secure.. visit our website at www.bitxbit.com