Data breaches and cyber-attack frequency has dramatically increased in recent years, with the advancement of technology and the prevalence of more “cloud” storage and remote access servers. In Mr. Horton’s article, he remarks on the high cost a data breach can have on both finances and a company’s reputation. (Horton, 2014) Citing the Ponemon Institute’s 2013 Cost of a Data Breach Study, Horton goes on to state that “data breaches can cost an average organization more than $5 million per incident.” (Ponemon Institute, 2013)…
A few security breaches that the employees practiced where visible and the sharing and displaying of username and password information on post it notes. They should not have this information in clear view and should change them often. Employees where making the mistake of leaking information and visiting malware sites. They were also using common passwords which showed their lack of training. They need to be trained in network security and a strong policy needs to be enforced.…
The ChoicePoint data breach led to over 145,000 records of personal information being stolen (Polstra, 2005). This was not by any type of hack into ChoicePoint’s systems but by an individual or a group of people who used previously stolen information to create fake businesses that would have a need to preform background checks on people. They used the fake businesses to apply for accounts with ChoicePoint. When ChoicePoint reviewed the application for membership they ran a check on the businesses and did not find any criminal activity on the owners of these fake companies since they were from stolen information and not the criminals themselves. Since no…
Data breaches that could lead to identity theft, by sector - the danger of data breaches are of particular importance for organizations that store and manage large amounts of personal information. Not only can compromises that result in the loss of personal data undermine customer and institutional confidence, result in costly damage to an organization’s reputation, and result in identity theft that may be costly for individuals to recover from, they can also be financially debilitating to organizations.…
Target a large retail corporation that operates over 1,700 stores across the United States. They also operate as an online retailer at target.com. In 2012 the retailer earned more than $73 billion dollars in revenue and grew their sales by 5.1% from the previous year (“Corporate overview,” 2013). Looking at the revenue and sales growth rate it is hard to fathom that more money could not be spent to ensure that consumer data is protected as much as possible. As information security specialists one of the worst things that can happen is our network gets infiltrated and customer information is stolen. On December 19, 2013 Target released a statement stating that they have had an information security breach and suggested that as much as 70 million credit card information had been stolen (Jarvis & Milletary, 2014).…
development, there legs are usually widely based and stiffed-legged, flapping hands, and jerky movements. The main characteristic of Angelman Syndrome is the inappropriate bursts of laughter(Clarke, 2000, p. 25).…
Cybercrime is on the rise. As companies try to protect their customers PII, criminals are trying to get it. Ponemon Institute did a survey of how the information was affecting larger companies (Institute, 2014). Unfortunately the hackers are using the information to ruin their credit. Russian hackers obtained 1.2 billion usernames and passwords (Institute, 2014).…
The breach was not an outside job, but instead I choose it because of the relevance of the topics we have discussed thus far. The Army National Guard announced that a contracted employee transferred personally identifiable information to a data center that was not accredited by the DoD. This left the PII of all current and former Army National Guard members potentially at risk. The information included names, full Social Security Numbers, dates of birth and home addresses. The Army National Guard released the information quickly to warn current and former guard members that their data was potentially at risk and established a call center and a website that members could go to for personal worrying about their information. There they could check…
The year is 2010, the era is the 21st century; and we, citizens of the world, are living in the Information Age. Our information is made available on the Internet where it can be viewed by millions. The days where our data was recorded on scraps of paper and left in a box in an office along with thousands of other registers are long gone. Our personal data is permanently recorded in the hard drives of computers where they can be analysed and exploited by anyone with access to that computer; or worse, identity thieves and hackers may get their hands on the data.…
On September 27 of 2004, ChoicePoint,a company that aggregates and stores personal information, suspected that some of its small business customers were involved in suspicious activities and informed the police. (Paine, Phillips, 2008)On February of 2005, ChoicePoint only notified those residents of California whose data had been leaked to the illegal customers, since a certain law in California requires it. A protest from the public, however, forced the company to notify the details of the breach to the other involved parties residing in the other states. The swindlers who scammed ChoicePoint had created over 50 accounts with previously stolen identities over the course of a year or even longer. (Pantesco, 2006)…
“More and more people are putting their data in electronic form,” says Deirdre Mulligan, the faculty director at the Berkeley Center for Law and Technology. “[This] means the number of instances where we might have a breach is going up.”…
Identity theft is a serious problem that has been happening for a very long period of time. In America there are over 9 million victims of identity theft that takes place every year. Research shows Nine out of ten American homeowners have concerns about becoming victims of identity theft. This is the most rapid growing type of fraud in the country, yet virtually two-thirds are hesitant whether their insurance policy is able to protect them financially if this crime were to occur. A vast proportion of 83 percent believe the government should seize action to help prevent identity theft. (WWW.SSA.GOV, 2009)…
In order for America to function, our financial health must be adequate, and our government’s duty is to keep America financially healthy. A 2014 study from the SmartData Collective estimated the aggregate annual cost from data breaches to be $140 billion. That number has the potential to grow exponentially larger with the absence of the regulations and monitoring that the government provides to safeguard against such breach attempts. Through various regulations and rules placed in by various divisions of the government such as the FTC, the amount of money being taken through system breaches is decreasing. The government must provide these regulations in order to maintain financial stability and these regulations are an integral part of its role in monitoring internet content. If regulation is required to protect the foundation of our economy then the role the government plays in monitoring internet content should reflect this…
A major growing problem within the United States is identity theft. Identity theft is the stealing and use of someone's personal information used primarily for monetary gain. I will elaborate on how identity theft occurs and I will describe what criminals can do with the information they obtain. I will also explain some of the prevention plans that companies have put into place to protect themselves and discuss how individuals can protect themselves as well. The Federal Trade Commission estimates that ten million Americans were victims of identity theft in 2002. 27.3 million Americans have been victims of some form of identity theft from 1998 to 2003. In 2004, merchandise…
Just last year, more than 9.9 million Americans were victims of identity theft which cost them about 5 billion dollars in all (“Identity theft is America’s”). An estimated 1000 people per say afre victimized by identity thieves (Lease). Identity theft complaint have doubled over the years and were the most common fraud complaint reported by American consumers last year (Identity Theft Most-Frequent Consumer”). The Bureau of Justice Statistic’s survey stated “victims reported losing a total of $24.7 billion in direct and indirect costs because of identity theft in 2012” (Morton). Each individual’ out-of-pocket expenses for victims can also range from a few dollars to a few thousand (McNally 22). Mental costs of identity theft include an overall sense of violation and confusion, lost time spent remedying the problem, and frustrations resulting from attempted recovery of identities (McNally 23). Identity theft can also cost people opportunity cost and impact image. A company may loss customers due to the information breach and a government may suffer public image if affected by a breach in security (McNally 23-24). Identity crime also leave a victim’s credit history in shambles which makes it difficult to apply for loan or cards in the future (Meyer 29). Additionally, identity theft also affects a widespread amount of…