A World With No Data Breaches Is It Even Possible


Sarahlee1054

Uploaded on Aug 13, 2022

Category Business

The best way to avoid the stress and high costs that come with data breaches is to prevent them from happening. Data breaches are costly and hard to recover from.

Category Business

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A World With No Data Breaches Is It Even Possible

A WORLD WITH NO DATA BREACHES: IS IT EVEN POSSIBLE? https://www.anonybit.io/blog/a_world_with_no_data_breaches On July 6, Marriott, the multinational hotel franchise, announced a second staggering data breach since just the beginning of this year. This incident can be traced back to J une, when a Marriott employee fell victim to a social engineering scheme posed by an unnamed group of hackers. With this misstep, the group quickly gained access to the employee’s computer, opening the gates for them to steal roughly 20 GB of personal data––some of which included credit card information, confidential business documents, and customer payment information. 2 MARRIOTT IS NOT ALONE AND SHOULD NOT BE SINGLED OUT. While the scale of these cyberattacks certainly varies, this narrative is one that we’ve heard many times before: corporations are tapped for access to sensitive information, compromising their operations, reputation, and in some cases, longevity. Hackers capitalize on this stolen information, impersonating individuals, breaching accounts, and selling this personally identifiable information (PII) on the Dark World Web to underpin a $16.1 trillion economy. Endless amounts of information exists there–– from personal to financial to online account login data––and the Dark Web is the perfect environment to transact this information. 3 In referencing the PrivacyAffair’s Dark Web Price Index, leaked information collected from various data breaches can be found for sale at ba rpgraicines. For example, a duplicated credit card may be available for just $20; a PayPal account could cost $150 depending on the available credit; and a Gmail account, just $65. On the Dark W eb, hackers have the ability to piece tog ether bits of data scavenged from different binreoarcdheers to craft mature profiles. From here, these cybercriminals have an easier time taking over even more personal accounts. 3