Archive for June, 2013

062513_data sec blog
Not only is keeping old data expensive, but it also increases an organization’s risk of suffering a data breach. Every year, a business nearly – from financial records, customer or patient information and even old emails – making managing all that information even more difficult, Dow Jones News Service reported. New company policies may need to be developed to properly care for that data, but still, an accidental breach could occur.

Such breaches cost companies an average of $188 per record compromised in 2012, a study by the Ponemon Institute showed. The total cost of in 2012 was $54 million.

“The reason you keep data is because you need to access it,” the report stated. “The more access there is to data, the bigger the chance its security can be breached. You can take a lot of preventative steps, but you can never become complacent.”

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062513_junk mail matt
 

 

Junk mail: It seems like it never stops. From various credit card application forms to coupons to a local pizzeria, these pieces of mail that are often tossed straight into the trash are not only an annoyance but a threat to your personal information.

Pre-approved credit card offers are especially dangerous, as they are an easy target for identity thieves. Criminals can steal the incoming mail and actually apply for the credit card using your information.

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062113_roundup
 

A number of serious data breaches and identity protection issues made the news this week – from the city of Houston potentially leaking personal information of 1,300 of its police officers and other government workers to 7-Eleven allegedly using stolen identities to cover up the true names of their illegal immigrant workers.

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Small Business
 It’s —the perfect opportunity to evaluate your data security health.

The week-long celebration of small businesses got its start 50 years ago by order of President John F. Kennedy. It gives a nod to businesses from Main Street storefronts to companies and revenues of more than $35 million.

It’s important for businesses of all sizes to regularly check and update their approach to data security management. Here are five easy tips to improve your data security:

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IDT Flu
Identity theft is a lot like the flu. You can do everything right – minimize your risk of exposure and so forth – but if you are in the wrong place at the wrong time, then you’re toast. You can be standing next to the wrong person on a bus and get the flu, and when your data is sitting on the wrong database and the wrong person gains access, you become a victim of identity theft.

According to the latest study by , “almost 1 in 4 consumers that received a data breach letter became a victim of identity fraud, which is the highest rate since 2010.”

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061913_Santos
A bill up for consideration in New Jersey would give police the right to review cellphone call logs of a person involved in an accident, if authorities believe talking or texting on the phone played a role in the crash. While supporters of the legislation say it could make roads safer for drivers, the bill has others concerned about data privacy and security.

Scott Vernick – of Center City’s Fox Rothschild law firm, who specialized in data security and intellectual property law – said the U.S. Constitution’s Fourth Amendment.

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061413_Roundup
This week’s news once again highlighted the growing issue of data breaches at healthcare organizations. It also showed how some specific groups of consumers, including travelers and senior citizens, face high risks of identity theft.

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6_NSA BMcG

Americans were taken aback recently when it was announced that the National Security Agency had obtained years of electronic data from calls made by cell phone customers. The person allegedly behind the leak has been identified as 29-year-old Edward Snowden—an employee of defense contractor Booz Allen Hamilton.

Snowden, called “one of America’s most consequential whistle-blowers” by The Guardian, is allegedly responsible for handing over material from the NSA to show what personal information the U.S. government has been obtaining.

Booz Allen said it was “shocked” by its employee’s data breach, The Wall Street Journal reported. The breach could have serious implications for the company, which earns nearly all its revenue from government work.

While the news of the breach shocked the nation, it also highlighted the importance of data privacy and security. This is an issue that is becoming increasingly important for businesses across America, especially those that employ the help of third-party vendors.

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3_Infographic
 A new study shows that a single data breach can lead to millions of dollars in consumer fraud costs. The good people over at Javelin Strategy & Research produced this infographic with highlights from their 2013 Data Breach Fraud Impact study.
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x_0_0_0_14017118_300
With Father’s Day right around the corner, sons and daughters will be flocking to online retail websites to track down the perfect gift for their dads. But buyers beware—identity thieves try to target online shoppers through filled with Father’s Day gift ideas, according to a recent blog post by Symantec.

These spam offers try to encourage consumers to make purchases by offering special discounts or hot products. However, the link to these supposed offers takes buyers to a page asking for personal information—info that is then used to steal someone’s identity.

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