These events have earned Experian the reputation of suffering one the biggest data breaches in the financial services sector. 19. LinkedIn Data Breach Date: June 2012 Impact: 165 million users In June 2012, LinkedIn disclosed a data breach had occurred, but password-reset notifications at the tim...
SCHATZ D,BASHROUSH R.The impact of repeated data breach events on organizations'market value[J].Information&Computer Security,2016,24(1):73-92.Schatz, Daniel, and Rabih Bashroush (2016), "The Impact of Repeated Data Breach Events on Organisations' Market Value," Information and Computer ...
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Medibank suffered a data breach that compromised 9.7 million current and former customers - an impact with a chilling resemblance to the Optus data breach that occurred less than a month earlier. The attack vector that facilitated the breach was a set of stolen high-ranking corporate credentials ...
However, businesses can also experience a swift and brutal shock caused by the impact of a data breach on their share price. A drop in stock value can indicate broken investor trust and be caused by cybersecurity incidents, especially when they reveal a lack of adequate care or security ...
Data breaches impact all industries, from hospitality to tech and financial sectors. 6. Yahoo Records compromised: 500 million Breach date: November/December 2014 Disclosure date: September 2016 Yahoo has the unique distinction of not only topping our list of the biggest data breaches, bu...
“While some companies react well by securing the breach promptly, other companies do not react quick enough and when eventually cornered tend to deny the breach or minimize the impact to preserve reputation.” The discovery was made as part of Safety Detectives on-going ethical web-mapping ...
The Protection of Personal Information Act (POPIA)- impacts all persons processing personal information within the country and regulates the processing of personal data. The POPIA includes provisions for data subject rights and data breach notifications. ...
Data breach laws The U.S. and other countries have enacted laws to protect companies and individuals from the negative impact of data breaches. Laws vary from country to country, and in the U.S., from state to state: The Cyber Incident Reporting for Critical Infrastructure Act of 2022 (CIR...
In August 2022, LastPass suffered a data breach with escalating impact, ultimately resulting in a mass user exodus toward alternative password manager solutions. This post provides an overview of the timeline of events during the LastPass cyber attack and critical lessons to help you avoid suffering...