Verizon Data Breach Summary

A root-cause analysis of the security breach revealed multi-factorial issues at the technical, individual, group, and organizational levels. At the technical level, the applications and web-tools

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

A data breach incident which happened in 2014 could cost Sony Corp. $8 million in settlements, Bloomberg reported. The data breach happened when North Korean hackers were angered by "The Interview", a film that was centered around a fictional plot to eliminate Kim Jong-Un. Sony is reportedly going to pay $4.5 million to former and existing employees, while the lawyers who handled the case are expected to get $3.5 million.

The first point of analysis is related to National Data Breach reporting which main goal is to protect consumers against identity theft and incentivize businesses for better cyber security. Businesses are required to inform the consumers if the intruder had access to the consumers’ personal information in order to prevent further damage or loss. The information security policy of State of Maryland is set forth to provide any data breach incident

Statistics show that most security breaches are direct results of insider misconduct rather than being hacked. According to the most recent Verizon Data Breach Investigations Report, about “285 million records were compromised in 2008.” Seventy-four percent of the incidents were from inside sources. Users are more likely to be victims of computer virus infections, inquisitive students/co-workers, and hardware failures than to be victims of an Internet security attack.

on average, at least one data breach occurs in Australia every week, in these attacks, an estimated 19000 records are lost, costing $2.16 million dollars to the organisation involved

Before Google, and by extension, Gmail, became the ubiquitous powerhouse that it is today, Yahoo was one of the internet’s most used search engines and email providers. However, between 2013 and 2016, Yahoo, now a shell of its former self and owned by Verizon, suffered multiple security breaches that affected over a billion of their users. In an article for CNN Tech, detailing what affected users should do, Sherisse Pham states that one of the breaches happened in August 2013, but that Yahoo didn’t disclose this information until December 2016. Pham (2016) was quoted saying, “That means whoever plundered the information has had more than three years to exploit it.”

By listening the word itself making many business and people getting afraid of it. Data breach is leaking security information of people or public using different means and which results in compromising the millions and millions of people credit and debit card information 's , health information 's ,Social Security numbers .From the year 2005 to 2014 the data breaches have been increased a lot .Due to this millions of

The data breaches of 2012 compromised almost twenty-eight million private records. The year 2015 is still underway, therefore no information gathered by Privacy Rights Clearinghouse so far for 2015 was utilized. Instead, as of 2014, there have been around four thousand data breaches made public since 2005, compromising about seven hundred thirty million private records. Of the four thousand public data breaches that have occurred between 2005 and 2014, one thousand six hundred public breaches are business-related, either through financial and insurance businesses, retail and merchant businesses among other types of businesses. Business-related data breaches between 2005 and 2014 constitute forty percent of the publicized data breaches,

This analysis discusses some issues and requirements to correct these issues that are outlined in the Turn Key University (TKU) data breach case study. In addition to these issues and requirements, some applicable laws will be discussed and some controls will be suggested for implementation.

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

It is important to note that whether an attack is perpetrated by a hacker group, other corporations or individuals, organizations must always prepare adequately through intrusion detection and prevention systems in place. Data breaches can have very devastating business and social impact to large businesses and their customers – the users. For instance, were Cloudflare attacked by a competing company, their trade secrets could have given the opponents ammunition to take them out of the field. In addition, lost data could influence criminal activity if for instance particular client information, for

Data breaches are increasingly common as companies are faced with securing a multitude of networks, devices, applications, users, and files used in the course of conducting business. And with global workforces and the rise of cloud computing, security perimeters are more difficult to define than ever before. These issues combine to create a perfect storm – a climate ripe for hackers to take advantage of. (Lord, 2017) Below are the trending data loss trends to watch out for:

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.

Database security is vital for any and every organization which uses databases. Without proper security, the databases can be breached and the breaches can lead to confidential information being released. This has happened to many organizations whether they are large or small; for example, in the past few years Target and Sony both fell victim to database breaches. To make matters worse both Target and Sony were actually warned about the flaws in their security, but neither took any action to resolve the flaws. Looking into these breaches and how they were handled could lead to designing better databases. Organizations should also look within themselves to assure all employees know good security practices. Simply following regular procedures such as installing antivirus software and firewalls can help create more secure databases. An organization should look at all of their databases to ensure the same top level security is established for all of their databases.