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Effective Password Management In this, our final blog in this series on how passwords help you protect your most important business data, we look at...
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Originally posted on February 13, 2023
Last updated on September 10, 2024
Data breaches are in the news just about every day. Organisations of all sizes are targeted and this leads to a wide variety of data getting stolen and sold online.
There’s a reason that browsers like Edge have added breached password notifications. Data breaches are an unfortunate part of life. And can have costly consequences for individuals. Hackers can steal identities and compromise bank accounts, just to name a couple.
Cybercriminals breach about 4,800 websites every month with form jacking code. It has become all too common to hear of a large hotel chain or social media company exposing customer data.
Hackers can breach your personal information and passwords without you knowing it. And the time from breach to notification of the breach can be lengthy. One example is the data breach of CafePress. This is a popular online retailer that prints personalised items.
CafePress suffered a data breach in February 2019. That breach exposed millions of names and addresses, security questions, and more. Hackers also breached social security numbers that weren’t encrypted.
As mentioned, the breach happened in February. But many consumers weren’t notified until late summer. The FTC recently took action against the company. This was due to its careless security practices.
The point is that months or years can go by without you knowing about compromised data. Unless you happen to look at the right website, you may not even realise it. Those breached password features in browsers are helpful. But what if you have other information beyond a password compromised?
It’s best to protect yourself with some knowledge. We’ll help by listing several recent breaches. If you’ve interacted with any of these companies, you’ll want to take steps to protect yourself from the fallout.
On October 19, 2022, Microsoft announced a breach that exposed customer data. A misconfigured server was to blame. The breach exposed certain business transaction data. It’s thought that this breach could have affected more than 65,000 entities worldwide.
You wouldn’t suspect a cute site like Neopets to be a cybersecurity risk. But users of the platform got a rude awakening due to a breach of the service. An estimated 69 million accounts may have had emails and passwords leaked.
The full stolen Neopet database and copy of the source code were being offered for sale for about $94,500.
Hotel giant Marriott suffered another breach in July 2022. It blamed a single unsecured employee computer. About 300-400 individuals had data leaked. This data included credit card numbers and other confidential information.
Unfortunately, the company shows a pattern of poor cybersecurity. Within the last four years, it has suffered three separate breaches. That’s enough to want to pay in cash or use a pre-paid card if you stay there.
In 2018 BA suffered a data breach exposing 380,000 travellers’ login credentials, addresses and credit card details in what was, at the time, one of the UK’s biggest-ever data breaches. The ICO fined BA £20m as a result of the breach (although they originally said they’d fine them £183.4m!).
In December of 2021, Flagstar Bank suffered a breach. It wasn’t until 6 months later that it identified the individuals affected. And the impact was large. It included exposed social security numbers. The hack impacted about 1.5 million customers.
Block was formerly known as Square, a popular payment processing platform. It announced in April of 2022 that it was breached the previous December. A former employee accessed customer names and brokerage account numbers. Some accounts also had other stock trading information accessed.
About 8.2 million current and former customers had their data exposed.
Cryptocurrency may be hot at the moment, but it’s very susceptible to cyberattacks. In January 2022, over 483 users had their Crypto.com wallets breached.
The criminals made it past two-factor authentication, which is usually quite effective. They stole about $18 million in bitcoin and $15 million in Ethereum and other cryptocurrencies.
There are many solutions that can help you better manage your online security including password managers and using multi-factor authentication. Get in touch to learn more about protecting your personal data from a breach.
Article used with permission from The Technology Press.
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