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Recent security research has revealed that financial data breach uncertainties remain a concern, with worrying figures in 2017 over breaches and protection.
It’s thought that as many as 70% of financial organisations may have suffered a data breach, with many simply unable to confirm for definite whether they have or haven’t, and whether the breach was related to an unauthorised third-party access event.
The growth of open banking is said to be a huge factor as financial organisations no longer have a closed door on their systems and servers with customers being able to access and manage their finances online.
Data breaches are soaring, and only better cybersecurity and improved data protection training and protocols is going to stop the crisis worsening.
Almost every day we are seeing yet another breach somewhere around the world. With cyber-criminals getting smarter, and with many investing their ill-gotten gains back into their “business” to create more powerful tools, something needs to be done.
The new GDPR rules coming into force next month may be the catalyst needed for organisations to take cybersecurity more seriously.
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A children’s paediatric health centre has been hacked with a wealth of personal data exposed.
Unusually, the hackers created multiple unknown user IDs to access information and no ransom was actually demanded. That being said, healthcare data can be very valuable in itself, so locking an organisation out their own systems to then mine the data is still a crime that may pay dividends to attackers.
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