01/06/2020 – 01/10/2020
Check if your account has been compromised on the dark web
Weekly Breach: 01/06/2020 – 01/10/2020
This week, ransomware disrupts the holidays, a nonprofit organization has its donor list compromised, and “password” remains a stubbornly popular password.
In Other News:
Financial Services Organizations Increasingly Targeted By Cybercriminals
According to the 2019 Financial Breach Report, financial services organizations are increasingly targeted by cybercriminals, and these breaches are putting peoples’ personally identifiable information at risk. In 2019, 6% of all data breaches impacted financial services organizations, including the Capital One breach that impacted 6 million Canadian and US customers.
However, despite the relatively small fraction of organizations breached, the industry accounted for 60% of all leaked records, with hacking and malware serving as the top cause for these breaches. Financial services organizations collect and store peoples’ most sensitive information, so any failure in this sector can have devastating consequences.
For companies, this new reality is manifesting in their bottom lines. The average cost of a stolen financial services record reached $210 in 2019, second only to the cost of a compromised healthcare record. Fortunately, preemptive measures like phishing scam avoidance training and network analysis can help ensure that cybercriminals can’t capitalize on stolen data.
The Worst Passwords of 2019
Using strong, unique passwords is a simple and effective way for everyone to keep their online accounts secure. Unfortunately, despite numerous warnings and seemingly unending headlines about new, devastating data breaches, people are often unwilling to adopt this practice in their daily lives.
In a year-end rundown, security researchers compiled a list of the worst commonly used passwords in 2019. Predictably, “12345,” “test1,” and “password” all made the top five most popular passwords. Other passwords included simple number combinations, popular female names, and horizontal or vertical letters or numbers on a QWERTY keyboard. It’s clear that millions of people can take a simple step to improve their defensive posture, and, when coupled with other easy-to-use features like two-factor authentication, they can promote a robust defense of their digital environment.