Database Technology And Its Impact On Business Operations

According to the Federal Trade Commission Identity theft is the fastest growing crime in the United States of America. They estimated that 10 million people a year are victimized by the crime which comes out to about 19 people per minute are becoming victims of this crime. Given these extremely worrying statistics it has never been more important to be informed about the crime of identity theft and how to avoid it in your daily life especially as more schemes and ways to unknowingly forfeit your information are introduced with the prevalence of the World Wide Web (www, w3). More than just knowledge of the crime of identity theft it is also important to know what protections you can set to help protect your information. Also, given the amount of businesses and organizations, and the various vulnerabilities that their systems may have, that must have access and know significant information about your life it is also invaluable to understand how to recover from your information being lost. This paper will be used to inform about this growing crime including what identity theft is and the different types that exist, what information is most important to protect, what you can do to avoid it, how to recover from it and what that may entail, and how this applies to the field of computer science and what should be looked for when building systems, and different kinds of attacks that can happen.

Data security; affinion security center augments data breach solution. (2012). Information Technology Newsweekly, , 91. Retrieved from http://search.proquest.com/docview/926634711?accountid=458

In recent years, the world has seen significant changes in technology. With new technology come new challenges. One of those new challenges is identity theft. Identity theft can happen through the internet, ATM, emails, or even a phone. Identity theft can happen when any person(s) takes an individual’s information, such as their Social Security number, or even banking information for financial gain. “Close to 100 million Americans have their personal information placed at risk of theft each year when records in databases are lost, stolen or accessed by unauthorized individuals” (Information systems and technology, n.d.). Identity theft not only costs the person, whose

data and risks will help a company to design strong policies, procedures and standards that will help to keep data secure.

In today’s IT world every organization has a responsibility to protect the information and sensitive data they have. Protecting data is not only responsibility of security and IT staff but every individual is involved in protecting the information. The risks to information security are not digital only, but it involves technology, people and process that an organization may have. These threats may represent the problems that are associated to complex and expensive solution, but doing nothing about these risks is not the solution.

Mason Financial LLC is a large company that is built on handling of personal data. As the company performs its operations on a network and over the Internet, it is exposed to a plethora of information security risks. Insurance and financial records are a prime target of hackers the world over. As the company stocks volumes and volumes of such personal information, it paves way for hackers and other fraudsters to commit insurance scams. Digital information makes it easier to monetize operations and it is always hard to track. There is the need for all stakeholders handling such sensitive personal information assets to be aware of security implications, monitor their personal credit cards and banking information besides consumers remaining

Every few weeks, we learn about another data breach. It 's the privacy world 's version of an oil spill. A hacker breaks into a company and grabs a database of our personal details. They 're sold on the black market, and the exposure puts us at higher risk of fraud and identity theft. Information protection is something you do, not something you buy. It is not a policy to put in place and forget. Information security requires a strong process and effective technologies, all based on a sound understanding of the business the organization is in and how it performs that business. These days, criminal hacking is a business, everything that is done has a chain linked to real dollars. And hackers are looking for the shortest chain.

As technology grows and information has become a critical asset companies currently are devoted their resource and money to protect their data as important as their finance and human resource assets.

While all of these technologies have enabled exciting changes and opportunities for businesses, they have also created a unique set of challenges for business managers. Chief among all concerns about technology is the issue of information security. It seems to be almost a weekly occurrence to see a news article about yet another breach of security and loss of sensitive data. Many people will remember high profile data breaches from companies such as T.J Maxx, Boston Market, Sports Authority, and OfficeMax. In the case of T.J. Maxx, a data breach resulted in the loss of more than 45 million credit and debit card numbers. In many of these incidents, the root cause is a lack of adequate security practices within the company. The same technologies that enable managers can also be used against them. Because of this, businesses must take appropriate steps to ensure their data remains secure and their communications remain

Information Security and the breaches are the major concerns for any organization. Maintaining the data safely against the unauthorized access, data loss and modification of data is very important. Because any organization runs on the credibility of the customers.

Securing data that is sensitive for businesses is more important today because of how vulnerable data is, compared to what it has ever been. National security information, corporate trade secrets, social security numbers, personal medical records, and credit card information are all used, transmitted, and stored on the internet and other multimedia devices.

Our corporations, and even government agencies, continue to demonstrate the variation in defense and mitigation techniques, as we are more or less unsurprised when another company reports an erroneous amount of stolen credit card and banking data. Indeed, our visage of unconditional safety is leaving us vulnerable on the cusp of another internet revolution.

On an average of 2% a year, personal records are exposed from over 700 public breaches over all areas of the departmentalized sectors. Global cost per every lost or stolen record are on the average of over $100 containing secret and touchy information. There were 35% more security incidents detected within the last

With advances in technology constantly happening, it can be hard to keep up with all of the latest trends. If organizations cannot keep up with the latest trends, it can lead to flaws in their security. Any flaws in security can have a detrimental effect on an organization’s database. Almost every organization has some sort of database, whether it is for maintaining customers, inventory, or vital information.

Almost all kind of large and small organizations might face increasing number of attacks into their network or intellectual property. This may lead to data disclosure, data destruction, and damage of organization’s reputation. There are numerous threats in the cyber space which might be capable of stealing, destroying or making use of out sensitive data for financial and non-financial gains. As the amount of computer, mobile and internet users increases, so does the number of exploiters.