The financial industry is one that is often targeted by cyber criminals due to the access to information that can be used for identity theft and fraud, as well as direct access to accounts where monies are stored. Arguably, this industry is quite small compared to others such as retail in terms of number of entities registered in the U.S. This industry has been under the greatest amount of proactively enforced regulation.
New laws and regulations regarding data security breaches and disclosure laws affect the way in which nearly all organizations do business in the United States. This study, by Perimeter CTO Kevin Prince, provides a review of the scope and impact of data security breaches in an effort to encourage proactive modification to risk mitigation technologies, policies, and procedures that reduce exposure to a data breach incident.
Here, Prince examines data breaches distributed across five verticals: finance, health care, retail, government and education. However, keep in mind that the data used to extrapolate the charts, graphs, and representations for this study is by its very nature misleading.
When phone calls, video conference information, pictures, chat logs, etc. are all stored in a central location via social media, a potential hacker has access to just about everything, quickly and easily. ... More >>