data breach

What should I do if my personal information has been compromised in a data breach?

Having your information stolen by a data breach can be a very frightening experience. Fortunately, even if your information has been compromised, there is no guarantee that it will be used maliciously. Luckily PCWorld offers a few tips to limit the potential for damage:

1. Change your passwords


What is a data breach?

A data breach is the theft or accidental loss of confidential information such as credit card or bank details, personal health information (PHI), Personally Identifiable Information (PII), trade secrets of corporations or intellectual property. Data breaches can result from cyber attacks mounted by criminal hackers, cause-motivated hacktivists or nations, or from carelessness in the disposal or handling of information backups or systems, especially laptops and backup tapes.


Forrester report finds most data breaches are caused by employees

Most data breaches are caused by mundane events such as employees losing, having stolen or simply unwittingly misusing corporate assets, a Forrester Research report has found.

After questioning over 7,000 IT executives and ordinary employees across North America and Europe, 31 percent cited simple loss or theft as the explanation for data breaches they had experienced, ahead of inadvertent misuse by an employee on 27 percent.

More Data Breaches, Fewer Details For Victims

Data breach transparency is in decline. Indeed, while businesses continue to experience large numbers of data breaches, the amount of information they divulge about those breaches has been decreasing.
That revelation comes via new research conducted by the Identity Theft Resource Center (ITRC), which tracks publicly disclosed data breaches.

80% of mobile banking apps may have security flaws

Neal O’Farrell, executive director of the nonprofit Identity Theft Council, spoke about the seriousness of mobile security as part of San Francisco Small Business Week, Cult Of Mac reported. “There were more data breaches than U.S. residents last year and more cases of identity theft than just about all other crimes combined,” O’Farrell said, adding that unless users are encrypting their devices, they are essentially asking for trouble.

Lose your smartphone? Uh-oh

Lost your phone lately? You're not alone. In 2011 a phone-finder app company called Lookout located 9 million misplaced smartphones worldwide. That's about one device every 3.5 seconds -- and that's just one company.

A lost or stolen phone could cost you more than a replacement fee, however. If you bank online or shop with your smartphone, or use it for business, then a misplaced mobile becomes a potential data breach.

Do data breaches lead to fraud? It’s hard to argue with the data on this one…

Yet another data breach has been announced, this one announced by Global Payments themselves. To give the company some credit in the midst of an awful situation, they are rare in reporting the breach within less than thirty days from the time they believe the incident occurred and that’s unusually responsive and transparent. These matters are gravely serious, as demonstrated by other payments acquirers having actually ceased operations due to breaches in the past.

Network security fears are on the rise, CompTIA finds

When companies lose sensitive information these days, it tends to be mostly financial data and employee records, according to the Ninth Annual Information Security Trends Study from CompTIA. Confirming what you all already knew, as employees connect to the network using more devices, the potential for data loss increases.


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