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The views of this article are the perspective of the author and may not be reflective of Confessions of the Professions.
Greatest Security Breaches
According to World Economic Forum’s recent executive opinion survey, technological risks such as cyber attacks, data fraud or theft, misuse of technologies, and critical information infrastructure breakdown are among the global risks of highest concern for doing business.
The reason behind these results is that the internet makes almost every information accessible in just one click—even to hackers and cybercriminals.
Most hackers spread malware through disguising them as emails, attachments, and hyperlinks. When these malwares get into your computer system, they can be used to collect sensitive information or result to data loss.
Unauthorized access to sensitive business information such as trade secrets and acquisition plans can be used by competitors to get ahead of the competition.
On the other hand, customer information and financial data can be used for fraudulent activities such as identity theft and transferring of assets or income among others.
Moreover, the perpetrators aren’t only outsiders. According to a McAfee study, 43% of data breaches were done by internal actors which include employees, contractors, and third-party suppliers, making companies all the more vulnerable to security breaches.
Having that said, even large companies and organizations are not exempted from cyber risks. In fact, a number of well-known corporations have already experienced the damaging effect of security breaches including the following:
- Home Depot
- JP Morgan Chase
- Heartland Payment Systems
To know more about the top security breaches in history, check out the infographic below from TeleMessage.
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