We focus on the latest news surrounding data breaches, leaks and hacks plus daily internet security articles.
It should always be the case that cybersecurity is more important; hands down.
After suffering a data breach, organisations face all sorts of financial losses, including penalty fines for not complying with data protection obligations; or claims brought by data victims for compensation; and loss of profits as shares drop and customers turn away from them. Data breaches can have a huge impact on consumer confidence – a cost that can’t always be calculated so easily.
Prevention should always come ahead of dealing with an aftermath that could have been averted in the first place!
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The Information Commissioner’s Office (ICO) conducted a study to see how U.K. citizens feel about their personal data being shared with organisations and businesses, and the results reflect an inherent mistrust and lack of confidence in how their data is being stored and handled.
The results of the study are likely to have been influenced by the colossal and numerous high-profile data breaches in the last couple of years that have seen millions of people have their personal data breached time and time again.
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Law changes in the coming months mean that the Information Commissioner’s Office (ICO) enforcement powers will no longer be subject to a maximum penalty fine of only £500,000. If any person, company or organisation is found to have breached Data Protection laws in the U.K., they may find themselves slapped with a much heftier fine.
The new maximum fine can be 4% of the company’s global turnover or €20million (almost £17million); whichever is the largest.
The government is introducing this as they adopt stricter E.U. laws for data protection into U.K. legislation. Despite Brexit, the government have said that the new regulation will be implemented by May 2018 in any event.
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With big data comes big risks…
This is even more the case in today’s growing digital era. Any company or organisation can be at risk of data theft if they’re not careful. That’s why cybersecurity is crucial to ensure that any risk of data theft is kept at a minimum. It’s not just about working hard to prevent cyber-theft, but it’s about working smart to stay one step ahead of the game.
The risks are huge.
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National statistics suggest that 87.9% of all adults in the U.K. use the internet. With some 45.9 million internet users, almost all Britons have access to the internet at work or for leisure.
Most of us carry a smartphone or an internet-connected device and are regularly checking the news, making purchases, watching videos, or logged in to social media. In one day, we may have visited over 20 sites, and the question is: how many of these take information about you and use it without your knowledge or consent? How many websites are truly safe?
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In the past few years, the National Health Service (NHS) has made attempts to expand and ease the pressure on its extremely busy and hectic services with use of new technology. This included setting up an entire NHS internal email system that allows staff to send ‘secure’ emails to each other to share ‘sensitive information’.
An electronic prescription service is also available that allows GPs to send a prescription directly to a pharmacy.
But in the increasingly interconnected digital world, what are the concerns over using such technology? Should we be worried?
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The internet is a fundamental part of our lives. It connects us and provides us with access to the wealth of information this world has to offer.
However, when these figurative cyber portals are open, it’s important to realise it’s a two-way door…
With the rise of the digital age and the use of ever-advancing technology, cybercriminals have a far greater number of targets. Some criminals no longer need to plan a difficult and risky burglary to steal valuables from buildings; hackers can access bank account details for millions of people without leaving their desks!
And the problem is getting worse…
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A report has suggested that employees from industrial environments may be leaking data through their pagers. For those industries still using such technology to communicate with their employees, this is not good news, and the report details how unsecure pager devices really are.
Pagers – wireless telecommunication devices that receive and display messages and voice messages – are practically a thing of the past now, but if they’re still in use, the risks need to be addressed.
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Data security studies have revealed that there are literally hundreds of popular websites and mobile applications leaking personal information. Previous studies suggested even the Royal Mail is one such business leaking data, which goes to show the extent of the problem.
Many of the websites and apps researchers say are guilty of leaking data have an international reach, meaning people from all over the world could be victims to these data leaks. Studies so far have been focused on personally identifiable information (PII), which is data that can be directly linked to the owner.
This is worrying.
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The former Yahoo CEO and Equifax CEO were grilled over perceived failings surrounding two of the world’s largest data breaches in history.
Hackers easily got through both companies’ security systems and stole personal data belonging to millions of people. For two large organisations like Yahoo and Equifax, you’d think such breaches would never happen at all…
Both former company representatives reportedly started out by saying how they’d “changed” since the breaches, but they apparently also struggled when facing intense questioning.
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EasyJet admits data of nine million hacked
British Airways data breach: How to claim up to £6,000 compensation
Are you owed £5,000 for the Virgin Media data breach?
Virgin Media faces £4.5 BILLION in compensation payouts
BA customers given final deadline to claim compensation for data breach
Shoppers slam Morrisons after loyalty points stolen
Half a million customers can sue BA over huge data breach
Lawyers accuse BA of 'swerving responsibility' for data breach
The biggest data breaches of 2020
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