More than 40 percent of respondents in an Experian Data Breach Resolution survey said that they feel that monitoring financial transactions for fraud is too time-consuming, and 71 percent of respondents say they rely heavily on their bank or card issuer alerting them to fraud.
Cyber-attacks are escalating in their frequency and intensity, and pose a growing threat to the business community as well as the national security of countries.
Consider the irony of withholding threat and vulnerability information in the name of national security that, if properly disseminated, would do more to help our national security.
Fortune 1000 companies are emphasizing new privacy initiatives this year, increasing annual privacy budgets to $3 billion in 2015. According to Linda McReynolds, a senior attorney at Marashlian & Donahue, LLC, the CommLaw Group, enterprises can be better positioned to weather unintended data breach emergencies by following these five tips.
For data security, 2015 is predicted to be as bad or worse as 2014, as more sensitive and confidential information and transactions are moved to the digital space and become vulnerable to attack, according to The Ponemon Institute’s study 2014: A Year of Mega Breaches.
The number of data breaches tracked in 2014 hit a record high of 783, according to a report from the Identity Theft Resource Center, sponsored by IDT911. This represents a 27.5-percent increase over the number of breaches reported in 2013, and an increase of 18.3 percent over the previous high of 662 breaches tracked in 2010.
Over the last several years, it has become commonplace for the media to publish information based on electronic materials that have been removed or copied either by organizational insiders and/or external people or groups. The publication of this type of material has impacted individuals, public and private organizations and various government agencies. While it is important for a free society to have the benefits of a free press serving as one of the checks and balances to protect citizens from abusive practices, we may have reached a point where we should re-examine how this is practiced. Are our criminal and civil statues effective on these issues?
