The Capital One Data Breach 2019 is all over the headlines, and with good reason. The security breach shows how putting data online is becoming increasingly risky, even at the hands of major companies with leading IT resources. Despite the risks, it’s nearly impossible to not put your personal data online. With credit cards, loans, — your personal data is in a cloud server just for using that banking service.
Trusting your personal information is secure can be tough when you don’t know or understand what goes on behind the scenes of firewall security. As a company, you could have millions of social security numbers, credit card numbers, bank account routing numbers and more.
Preventing Cyber Attacks On Your Business
Cyber attack prevention is a huge industry. Banks alone spend close to $1 trillion a year preventing cyber attacks. In this particular Capital One data breach 2019, the cost of legal fees and disaster recovery will cost between $100 to $150 million this year alone. Subsequent reputation recovery and dark web monitoring will continue for years after, although the extent of the problems that could arise is still unknown.
Basically, it’s best to invest in cutting edge security now to avoid paying millions in recovery later.
Take Preemptive Measures – Find the holes in your security set up by hiring hackers to look for them. This way, the good guys will break your wall before the bad guys do and you can fix it so no information is obtained and leaked.
Test Response Mobility – If there’s a security breach, what’s the plan and how long does it take to get in motion? Once leaked data is caught how long will it take to fix it, catch the criminal, and track down data? Your security system needs to be strong yet swift.
Integrate AI Security – AI can be utilized as an even more thorough way to crawl your cloud security. With the right programming, AI can think of loopholes that your tech team might not be able to find in the cyber architecture, but an outside hacker would. AI can also monitor behavior and draw attention to a problem earlier than waiting for it to be discovered.
Protecting Your Information As A Consumer
Everyone could stand to use more protection; people protecting themselves, governments protecting citizens, companies protecting customers. With the Capital One Data Breach 2019, the company was lucky to have been infiltrated by someone who left a trail all over social media and was caught before more damage was done. But not everyone is breached by a Paige Thompson.
Cloud Storage Needs Coverage – Cloud storage is integrated into everyone’s lives. It’s not a hard drive you’ll lose or spill water on. But it is something that can be accessed by uninvited eyes. Paying for the security is necessary and will save you more in recovery penalties in the long run if your data is ever targeted.
Change Passwords – You know not to have a simple password, and some applications make you create a complex login. But having a password of letters, numbers, symbols, characters, capitals and lower cases isn’t always enough. By regularly changing your passwords, you’re keeping your security tough to crack.
Stop Unencrypted Data Transmission – All data transmissions need to be encrypted, both at rest and in motion. You should avoid using Wi-Fi networks as they open up vulnerabilities to interception, but if you must, your data needs to be encrypted, especially if you are handling a clients’ information.
Security hacks are increasing as we progress into the digital age. While the Capital One Data Breach 2019 is unfortunate, lessons can be learned. One: don’t leave a digital trail of how you hacked Capital One like Paige Thompson did. Two: take more preemptive measures to protect your data against such hacks. It will be worth the investment, promise.