Retail Data Breaches continue, Consumers remain Shellshocked
- September 29th, 2014
- By: Navdeep Sidhu
- In: Energy & Utilities, Finance, Healthcare, Supply Chain, General B2B
Data breaches have set a new record in 2014. After the massive Target breach where 40 million records were compromised, the latest breach at Home Depot compromised 56 million records. As the consumers had barely recovered from this shock, the news of Shellshock vulnerability came out. This vulnerability potentially affects around half of all websites on the internet (around 500 million), and millions or billions more internet-connected devices such as routers, smartphones. can be easily exploited with 2 lines of code. Companies are still trying to figure out if they are vulnerable or not. It will take weeks or even months to
We all live busy lives, have somewhat of a short term memory and tend to forget about these data breaches. Check out this infographic which captures the data breaches in recent history and shows all the major and minor breaches that you may have forgotten.
There is not a single remedy which can keep hackers at bay. But a combination of security practices can help build a multi-layer protection around the consumer data.
Techniques like encryption using PGP provide s secure and relatively inexpensive mechanism to protect data at rest. That helps protect the data even when the servers and file folders are compromised. Multi-factor authentication, secure B2B transactions and encryption of data at rest can thwart the hackers and keep critical information secure.
Days of using plain old ftp for file transfers are gone. If you are a technology laggard and still use ftp, you should switch to more secure protocols such as SFTP and seriously consider adopting a Managed File Transfer (MFT) solution for securing your enterprise file transfers.